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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PBI
News
- Down -11.43% in 4 Weeks, Here's Why Pitney Bowes (PBI) Looks Ripe for a Turnaround [Yahoo! Finance]Yahoo! Finance
- Pitney Bowes Inc.'s (NYSE:PBI) institutional investors lost 7.3% last week but have benefitted from longer-term gains [Yahoo! Finance]Yahoo! Finance
- ACTOR & AUTHOR ALAN CUMMING JOINS POWERTOFLY'S UPCOMING VIRTUAL PRIDE SUMMIT [Yahoo! Finance]Yahoo! Finance
- Pitney Bowes (PBI) is a Great Momentum Stock: Should You Buy? [Yahoo! Finance]Yahoo! Finance
- Pitney Bowes (PBI) Shows Fast-paced Momentum But Is Still a Bargain Stock [Yahoo! Finance]Yahoo! Finance
PBI
Earnings
- 5/2/24 - Beat
PBI
Sec Filings
- 5/28/24 - Form 4
- 5/28/24 - Form 4
- 5/28/24 - Form 4
- PBI's page on the SEC website