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Last €17.61 EUR
Change Today +0.322 / 1.86%
Volume 0.0
PBW On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 10:08 AM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

pitney bowes inc (PBW) Snapshot

Open
€17.34
Previous Close
€17.29
Day High
€17.61
Day Low
€17.34
52 Week High
04/10/15 - €22.37
52 Week Low
08/24/15 - €16.28
Market Cap
3.6B
Average Volume 10 Days
325.6
EPS TTM
--
Shares Outstanding
201.9M
EX-Date
08/19/15
P/E TM
--
Dividend
€0.75
Dividend Yield
3.71%
Current Stock Chart for PITNEY BOWES INC (PBW)

pitney bowes inc (PBW) Details

Pitney Bowes Inc. provides technology products and solutions in the United States and internationally. The company operates through Small and Medium Business Solutions, Enterprise Business Solutions, and Digital Commerce Solutions segments. The Small and Medium Business Solutions segment is involved in the sale, rental, financing, and servicing of mailing equipment and supplies, software, and postage meters; and provides revolving credit and deposit solutions, and support services. The Enterprise Business Solutions segment offers equipment and services that enable large enterprises to process inbound and outbound mail. This segment provides inserting equipment; sortation products for mail and parcels; and digital color printing systems, as well as mail presort services. The Digital Commerce Solutions segment provides a range of solutions, including customer information management, location intelligence, customer engagement, shipping management, and ecommerce solutions as traditional software licenses, enterprise platforms, software-as-a-service, and on-demand applications, as well as offers direct and digital marketing services. Pitney Bowes Inc. sells its products through sales force, direct mailings, outbound telemarketing, independent dealers and distributors, and Web channels to various business, governmental, institutional, and other organizations. The company was formerly known as Pitney Bowes Postage Meter Company. The company was founded in 1920 and is headquartered in Stamford, Connecticut.

15,200 Employees
Last Reported Date: 02/20/15
Founded in 1920

pitney bowes inc (PBW) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $891.7K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $602.5K
Executive Vice President and President of Pit...
Total Annual Compensation: $706.1K
Executive Vice President and President of Pit...
Total Annual Compensation: $568.9K
Chief Marketing Officer and Executive Vice Pr...
Total Annual Compensation: $960.0K
Compensation as of Fiscal Year 2014.

pitney bowes inc (PBW) Key Developments

Pitney Bowes Inc. Declares Quarterly Cash Dividend on Common Stock and Preferred Stock , Payable on September 11, 2015 and October 1, 2015 Respectively

Pitney Bowes Inc. announced that its Board of Directors has declared a quarterly cash dividend on the company’s common stock of $0.1875 per share. The dividend will be paid on September 11, 2015, to stockholders of record on August 21, 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 October 1, 2015, to stockholders of record on September 11, 2015, and a quarterly cash dividend of $0.50 per share on the company’s 4% convertible cumulative preferred stock will be paid on November 1, 2015, to stockholders of record on October 15, 2015.

Pitney Bowes Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for 2015

Pitney Bowes Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, total revenue was $880,891,000, income from continuing operations before income taxes was $209,453,000, income from continuing operations was $157,102,000 and net income - Pitney Bowes Inc. was $151,770,000 or $0.75 per diluted share against total revenue of $958,450,000, income from continuing operations before income taxes of $138,477,000, income from continuing operations of $92,142,000 and net income - Pitney Bowes Inc. of $94,265,000 or $0.46 per diluted share a year ago. Net income attributable to common stockholders from continuing operations was $152,509,000 or $0.75 per diluted share against $87,548,000 or $0.43 per diluted share a year ago. Income from continuing operations after income taxes, as adjusted was $90,664,000 or $0.45 per diluted share against $93,125,000 or $0.46 per diluted share a year ago. Free cash flow, as adjusted was $83,745,000 against $162,320,000 a year ago. Income from continuing operations before income taxes, as adjusted was $141,151,000 against $146,776,000 a year ago. Adjusted EBIT from continuing operations was $179,990,000 against $188,671,000 a year ago. Adjusted EBITDA from continuing operations was $222,647,000 against $237,793,000 a year ago. Free cash flow during the quarter was $84 million and $96 million on a GAAP basis. In comparison to the prior year, second quarter free cash flow was lower primarily due to the timing of working capital requirements; lower Reserve Account deposits and less of a decline in finance receivables as a result of a stabilizing portfolio. For the six months, total revenue was $1,771,572,000, income from continuing operations before income taxes was $345,049,000, income from continuing operations was $242,151,000 and net income - Pitney Bowes Inc. was $232,382,000 or $1.15 per diluted share against total revenue of $1,895,947,000, income from continuing operations before income taxes of $192,979,000, income from continuing operations of $138,608,000 and net income - Pitney Bowes Inc. of $138,938,000 or $0.68 per diluted share a year ago. Net income attributable to common stockholders from continuing operations was $232,964,000 or $1.15 per diluted share against $129,420,000 or $0.63 per diluted share a year ago. Income from continuing operations after income taxes, as adjusted was $171,066,000 or $0.84 per diluted share against $179,511,000 or $0.88 per diluted share a year ago. Free cash flow, as adjusted was $168,861,000 against $299,928,000 a year ago. Income from continuing operations before income taxes, as adjusted was $276,666,000 against $272,776,000 a year ago. Adjusted EBIT from continuing operations was $258,339,000 against $358,388,000 a year ago. Adjusted EBITDA from continuing operations was $443,492,000 against $451,251,000 a year ago. For the full year of 2015, the company expects trends in the business to improve in the second half of the year versus the first half of the year as a result of recent actions taken to position the portfolio for growth, including go-to-market improvements, new product launches, client wins and partnerships. Based on year-to-date results and the company’s expectation of constant currency revenue growth of 1% to 5% in the second half of the year, the company is adjusting its annual revenue guidance. The company now expects revenue to be in the range of 1% decline to 1% growth when compared to 2014 on a constant currency basis. The company is increasing its annual GAAP EPS guidance to be in the range of $2.06 to $2.21. This guidance includes the following: $0.44 per share of Other income related to the net gain from the sale of Imagitas; $0.05 per share of Other expense for the resolution in principle of an outstanding legal matter and transaction costs and fees related to the Borderfree and Imagitas transactions; $0.04 per share of Restructuring and asset impairment charges; $0.04 per share of compensation expense related to the vesting of options associated with the Borderfree acquisition; $0.06 per share of reduced earnings as a result of the sale of Imagitas; and $0.04 per share of reduced earnings related to Borderfree, which includes principally amortization of intangibles and integration investments net of early savings from expected synergies. The company is updating its adjusted EPS and free cash flow guidance solely to reflect the impacts of the Borderfree acquisition and Imagitas sale. Adjusted EPS is now expected to be in the range of $1.75 to $1.90. Free cash flow is now expected to be in the range of $450 million to $525 million.

General Electric Company and Pitney Bowes Announces an Alliance to Develop Asset Performance Management

General Electric Company and Pitney Bowes have announced an alliance to develop asset performance management, or APM, applications for Pitney Bowes and its enterprise business solutions customers. All of the services will be built on and powered by Predix, GE's software platform for the Industrial Internet. This will enable Pitney Bowes to analyze data generated from its own production mailing and shipping machines and those of its clients to provide client and productivity services, and job scheduling capabilities that improve business outcomes. Pitney Bowes clients, such as financial institutions, telecommunications providers, and insurance firms, are producing and mailing hundreds of thousands of transactional and direct mail pieces daily. By combining the physical and digital elements of high-speed production mail operations and leveraging big data analytics, they will gain greater visibility, increased productivity, significant operational efficiencies and more reliable services for their machines. With applications based on GE Predix, Pitney Bowes will also be able to improve asset performance and drive operational efficiencies for its on-site and on-call service models. The custom-built APM solutions will be designed to help Pitney Bowes proactively identify, diagnose and resolve asset service issues even before the client is aware, reducing and eliminating downtime. The applications will also help Pitney Bowes clients drive machine, personnel, factory site and company-wide operational productivity. These services will provide business opportunity for Pitney Bowes as they offer these applications and their benefits to customers.

 

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Industry Analysis

PBW

Industry Average

Valuation PBW Industry Range
Price/Earnings 9.7x
Price/Sales 1.1x
Price/Book 20.4x
Price/Cash Flow 9.1x
TEV/Sales NM Not Meaningful
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