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Pitney Bowes Inc (PBI.N)

PBI.N on New York Stock Exchange

15.84USD
9 Dec 2016
Change (% chg)

$-0.13 (-0.81%)
Prev Close
$15.97
Open
$15.99
Day's High
$16.13
Day's Low
$15.81
Volume
800,983
Avg. Vol
546,440
52-wk High
$21.81
52-wk Low
$14.22

Latest Key Developments (Source: Significant Developments)

Pitney Bowes Parcel Shipping Index forecasts a 20 pct increase in volume by 2018
Tuesday, 15 Nov 2016 06:00am EST 

Pitney Bowes Inc :Pitney Bowes Parcel Shipping Index forecasts a 20 percent increase in volume by 2018.  Full Article

Pitney Bowes Q2 GAAP earnings per share $0.28
Tuesday, 2 Aug 2016 07:00am EDT 

Pitney Bowes Inc : Pitney Bowes announces second quarter 2016 financial results . Q2 gaap earnings per share $0.28 . Q2 adjusted earnings per share $0.39 . Q2 revenue $836 million versus I/B/E/S view $852.5 million . Q2 earnings per share view $0.39 -- Thomson Reuters I/B/E/S . Sees full year 2016 adjusted EPS to be in range of $1.75 to $1.82 . Fy2016 earnings per share view $1.78, revenue view $3.47 billion -- Thomson Reuters I/B/E/S . Sees full year 2016 revenue, on a constant currency basis, to be in range of 1 percent decline to 3 percent decline when compared to 2015 .Pitney Bowes Inc sees full year 2016 free cash flow to be in range of $400 million to $450 million.  Full Article

Pitney Bowes Inc reaffirms FY 2016 guidance
Tuesday, 3 May 2016 07:00am EDT 

Pitney Bowes Inc:Expects FY 2016 revenue, on a constant currency basis, to be in the range of a 1 percent decline to 2 percent growth when compared to FY 2015.Expects FY 2016 earnings per diluted share (EPS) from continuing operations to be in the range of $1.80 to $2.00 on both an adjusted and GAAP basis.  Full Article

Pitney Bowes Inc - New U.S. sanctions a headache for companies linked to North Korean gold - Reuters News
Monday, 28 Mar 2016 10:57am EDT 

Pitney Bowes Inc:More than two dozen U.S.-listed companies have links to North Korean gold in their supply chains, according to regulatory disclosures reviewed by Reuters, potentially putting them at risk of penalties under tough new U.S. sanctions against Pyongyang's mining sector. - RTRS.A March 16 executive order by President Barack Obama allows the United States to blacklist anyone found to be operating in North Korea's mining sector or to have purchased metal from its government - even indirectly through a third-country supplier.The use of North Korean gold or other metals could open a company to millions of dollars in U.S. fines, criminal prosecutions and costly investigations.U.S. Securities and Exchange Commission (SEC) filings show 25 companies, including Pitney Bowes Inc, Winnebago Industries Inc and Iridium Communications Inc, disclosed in 2015 that their suppliers had used a gold smelter operated by North Korea's central bank.Gold is widely used in electronics, valued for its ability to conduct electricity efficiently. Reuters did not find links between firms and any other North Korea-sourced metals based on SEC filings.Another company that listed North Korean gold in its supply chain was Oregon technology company Radisys Corp.A spokesman said he was unsure of the company's ties to the North Korean refinery. The company uses gold to make electronics and would switch to another supplier if required by law, he said.  Full Article

Pitney Bowes Inc gives FY 2016 guidance
Tuesday, 2 Feb 2016 07:00am EST 

Pitney Bowes Inc:Expects FY 2016 revenue, on a constant currency basis, to be in the range of a 1 percent decline to 2 percent growth when compared to FY 2015.Expects FY 2016 earnings per diluted share (EPS) from continuing operations to be in the range of $1.80 to $2.00 on both an adjusted and GAAP basis.  Full Article

Pitney Bowes Inc expands shipping logistics portfolio with acquisition of Enroute Systems Corporation
Tuesday, 12 Jan 2016 02:00pm EST 

Pitney Bowes Inc:Announced the acquisition of Enroute Systems Corporation, a cloud-based, software-as-a-service enterprise retail and fulfillment solutions company.Terms of the deal were not disclosed.  Full Article

Pitney Bowes Declares Common, Preference and Preferred Stock Dividends
Friday, 6 Nov 2015 02:51pm EST 

Pitney Bowes Inc:declared a quarterly cash dividend on the company's common stock of $0.1875 per share.dividend will be paid on December 11, 2015, to stockholders of record on November 20, 2015.In addition, a quarterly cash dividend of $0.53 per share on the company's $2.12 convertible preference stock, will be paid on January 1, 2016, to stockholders of record on December 11, 2015.a quarterly cash dividend of $0.50 per share on the company's 4 percent convertible cumulative preferred stock will be paid on February 1, 2016, to stockholders of record on January 15, 2016.  Full Article

Pitney Bowes Inc reaffirms FY 2015 EPS guidance; lowers FY 2015 revenue guidance
Thursday, 29 Oct 2015 07:00am EDT 

Pitney Bowes Inc:Reaffirms its FY 2015 adjusted EPS and GAAP EPS.Updates FY 2015 revenue guidance based on year-to-date results and the outlook for the remainder of the year.Expects FY 2015 annual revenue to be in the range of flat to a decline of 2 percent when compared to FY 2014 on a constant currency basis.Says that it still expects adjusted EPS to be in the range of $1.75 to $1.90 and GAAP EPS to be in the range of $2.06 to $2.21.  Full Article

Pitney Bowes Inc agrees to pay $9.4 million in postage underpayment case -U.S. - Reuters
Monday, 12 Oct 2015 08:00pm EDT 

Pitney Bowes Inc:Pitney Bowes Presort Services Inc. has agreed to pay the United States $9.4 million to settle allegations it underpaid postage for mail at its Reading, Pennsylvania plant, the Justice Department said on Tuesday - RTRS.Omaha, Nebraska-based Pitney Bowes, which helps prepare mailings for large mailers, claimed discounts to which it was not entitled, the department said in a statement - RTRS."Those who obtain government benefits are expected to comply with the terms of those benefits," said Principal Deputy Assistant Attorney General Benjamin C. Mizer, head of the Justice Department's Civil Division - RTRS.“This settlement demonstrates that there will be consequences for those who do not live up to their obligations.” - RTRS.  Full Article

Pitney Bowes Inc declares quarterly cash dividend
Thursday, 6 Aug 2015 11:15am EDT 

Pitney Bowes Inc:Declared a quarterly cash dividend on the company's common stock of $0.1875 per share.Dividend will be paid on September 11.Record date as on August 21.  Full Article

BRIEF-Pitney Bowes Parcel Shipping Index forecasts a 20 pct increase in volume by 2018

* Pitney Bowes Parcel Shipping Index forecasts a 20 percent increase in volume by 2018 Source text for Eikon: Further company coverage: