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Pitney Bowes stock reached a 52-week high, hitting 12.56 USD recently, with impressive gross profit margins of 53% and a market capitalization of $2.27 billion. According to InvestingPro analysis, the stock is currently showing signs of being overbought. This milestone reflects a significant upward trend for the company over the past year. The stock has experienced an impressive 1-year change of 85.85%, with particularly strong momentum showing in its 72.46% gain over the past six months. InvestingPro offers 15+ additional investment insights for Pitney Bowes, including detailed technical analysis and comprehensive valuation metrics in its Pro Research Report. This surge can be attributed to various strategic moves and market dynamics that have favored Pitney Bowes, positioning it as a notable performer in its sector. The company maintains a strong dividend track record, having paid dividends for 55 consecutive years, with a current yield of 2.25%.
In other recent news, Pitney Bowes Inc (NYSE:PBI). reported its first-quarter 2025 earnings with an adjusted earnings per share of $0.33, exceeding analysts’ forecast of $0.27. However, the company’s revenue was slightly below expectations, coming in at $493 million compared to the projected $501.4 million. In leadership developments, Kurt Wolf, head of Hestia Capital Management, is set to take over as CEO of Pitney Bowes, succeeding Lance Rosenzweig. This change follows Wolf’s involvement with the company as a board member since 2023. Additionally, Pitney Bowes shareholders approved all proposed items at their Annual Meeting, including the election of directors and the Amended 2024 Stock Plan. The company’s board includes Milena Alberti-Perez, Paul Evans, Todd Everett, Catherine Levene, Lance Rosenzweig, Julie Schoenfeld, and Kurt Wolf. Julie Schoenfeld recently resigned from the board, effective immediately, with no disputes or disagreements reported. Ancora Holdings Group has redeemed its investment in a special purpose vehicle managed by Hestia Capital to directly hold shares of Pitney Bowes, expressing confidence in the company’s leadership and strategic direction.
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