Why Pitney Bowes Stock Popped 8% Monday [The Motley Fool]
Pitney Bowes Inc. (PBI)
Last pitney bowes inc. earnings: 2/4 07:00 am
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investorrelations.pitneybowes.com
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Source: The Motley Fool
Why Pitney Bowes Stock Popped 8% Monday Even with profits declining, have the company's shares become too cheap not to buy? Shares of postal solutions provider Pitney Bowes ( NYSE:PBI ) were up 8.1% as of 3:05 p.m. EDT today. Just like last year, the stock has fallen repeatedly on little or no obvious news. And today it's up -- also on no news. So instead of talking about "news," let's do some math. In last week's investor day PowerPoint presentation , Pitney Bowes hinted that it does not expect to return to growing free cash flow before 2022. According to S&P Global Market Intelligence data, however, last year Pitney Bowes generated $318 million in positive free cash flow (FCF). Analysts predict FCF will decline steeply to $216 million in cash profits this year, then to $164 million next year, before perking up to $167 million in 2021. That last number may actually go down a bit rather than up, now that Pitney Bowes has set 2022 as its first year of FCF growth. But for the sake of
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News
- Why This 1 Momentum Stock Could Be a Great Addition to Your Portfolio [Yahoo! Finance]Yahoo! Finance
- Pitney Bowes Announces Agreement in Principle with Unsecured Creditors’ Committee in DRF Logistics Bankruptcy Case to Resolve Outstanding DisputesBusiness Wire
- Don't Buy Pitney Bowes Inc. (NYSE:PBI) For Its Next Dividend Without Doing These Checks [Yahoo! Finance]Yahoo! Finance
- Pitney Bowes Inc. (PBI) Hits Fresh High: Is There Still Room to Run? [Yahoo! Finance]Yahoo! Finance
- Pitney Bowes Provides Additional Detail on Financial OutlookBusiness Wire
PBI
Earnings
- 11/7/24 - Beat
PBI
Sec Filings
- 11/8/24 - Form 10-Q
- 11/7/24 - Form 8-K
- 11/7/24 - Form 3
- PBI's page on the SEC website