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Pitney Bowes Inc (PBI.N)

PBI.N on New York Stock Exchange

9.83USD
22 Nov 2017
Change (% chg)

$0.06 (+0.61%)
Prev Close
$9.77
Open
$9.77
Day's High
$9.97
Day's Low
$9.75
Volume
628,119
Avg. Vol
550,115
52-wk High
$16.60
52-wk Low
$9.56

Latest Key Developments (Source: Significant Developments)

Pitney Bowes Q3 adjusted earnings per share $0.33
Wednesday, 1 Nov 2017 07:00am EDT 

Nov 1 (Reuters) - Pitney Bowes Inc :Pitney Bowes announces third quarter 2017 financial results.Q3 adjusted earnings per share $0.33.Q3 GAAP earnings per share $0.31.Q3 revenue $843 million versus I/B/E/S view $831.5 million.Q3 earnings per share view $0.42 -- Thomson Reuters I/B/E/S.Sees FY 2017 adjusted earnings per share $1.38 to $1.46.Sees FY 2017 revenue up 3 to 5 percent.Pitney Bowes Inc - ‍lowering its annual guidance range for adjusted EPS and free cash flow​.Pitney Bowes Inc - ‍increasing its annual revenue guidance range to reflect Newgistics acquisition​.Pitney Bowes Inc - ‍announcing a $200 million spend reduction program over next 2 years​.Pitney Bowes Inc - ‍for FY 2017 revenue, on a constant currency basis, to be in range of 3 percent to 5 percent growth, when compared to 2016​.Pitney Bowes Inc - ‍for full year 2017 free cash flow to be in range of $350 million to $380 million​.Pitney Bowes Inc - ‍has initiated a review of strategic alternatives for company​.  Full Article

Pitney Bowes files prospectus supplement related to potential notes offering, size not disclosed
Thursday, 7 Sep 2017 10:29am EDT 

Sept 7 (Reuters) - Pitney Bowes Inc ::Pitney Bowes Inc files prospectus supplement related to potential notes offering; Size not disclosed - SEC filing‍​.  Full Article

Pitney Bowes acquires Newgistics Inc for about $475 million
Wednesday, 6 Sep 2017 10:31am EDT 

Sept 6 (Reuters) - Pitney Bowes Inc ::Says expands capabilities in growing ecommerce and parcel services space with acquisition of Newgistics Inc.Says deal for ‍approximately $475 million​.Says intends to continue to operate businesses as independent units through remainder of 2017 and into Q1 of 2018​.  Full Article

Pitney Bowes Q1 adjusted earnings per share $0.36
Tuesday, 2 May 2017 07:00am EDT 

May 2 (Reuters) - Pitney Bowes Inc :Reaffirming 2017 annual guidance.Pitney bowes announces first quarter 2017 financial results.Q1 adjusted earnings per share $0.36.Q1 gaap earnings per share $0.35.Q1 revenue $837 million versus i/b/e/s view $817.1 million.Sees fy 2017 adjusted earnings per share $1.70 to $1.85.Q1 earnings per share view $0.35 -- Thomson Reuters I/B/E/S.Fy2017 earnings per share view $1.74 -- Thomson Reuters I/B/E/S.  Full Article

Pitney Bowes announces new partnership with Scalable Systems
Tuesday, 18 Apr 2017 09:00am EDT 

April 18 (Reuters) - Pitney Bowes Inc :Pitney Bowes Inc - announced a new partnership with Scalable Systems.  Full Article

Pitney Bowes - CEO Marc Lautenbach's FY 2016 total compensation was $6.04 mln
Friday, 24 Mar 2017 10:36am EDT 

Pitney Bowes Inc : Pitney Bowes Inc - CEO Marc Lautenbach's FY 2016 total compensation was $6.04 million versus $10.8 million in FY 2015 - sec filing .Pitney Bowes Inc - CFO Michael Monahan's FY 2016 total compensation was $2.6 million versus $4.4 million in FY 2015.  Full Article

ECOMDASH ANNOUNCES STRATEGIC PARTNERSHIP WITH PITNEY BOWES
Wednesday, 1 Mar 2017 10:17am EST 

Ecomdash:ECOMDASH SAYS STRATEGIC PARTNERSHIP WITH PITNEY BOWES; PARTNERSHIP WILL SEE PITNEY BOWES ADDED TO ECOMDASH'S SUITE OF INTEGRATIONS.  Full Article

Incyte to replace Spectra Energy in S&P 500
Thursday, 23 Feb 2017 05:57pm EST 

: S&P Dow Jones Indices - Incyte will replace Spectra Energy in the S&P 500 effective at the open of trading on February 28 .S&P Dow Jones Indices - CBOE Holdings will replace Pitney Bowes in the S&P 500.  Full Article

Pitney Bowes says Stanley J. Sutula III appointed CFO
Wednesday, 14 Dec 2016 04:15pm EST 

Pitney Bowes Inc : Says Stanley J. Sutula III appointed CFO .Pitney bowes inc - sutula succeeds michael monahan, who will continue with pitney bowes as chief operating officer.  Full Article

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

Fitch: Pitney Bowes' Ratings Unaffected by Strategic Review Announcement

(The following statement was released by the rating agency) NEW YORK, November 02 (Fitch) According to Fitch Ratings, Pitney Bowes Inc.'s (PBI) ratings, including the 'BBB-' Long-Term Issuer Default Rating (IDR), are unaffected by the company's announcement that it is undergoing a review of strategic alternatives to enhance shareholder value. The Rating Outlook is Negative. Fitch does not believe the strategic review will result in actions that could lead to a downgrade to below investment grade