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In a recent transaction, Catherine Levene, a director at Pitney Bowes Inc . (NYSE:PBI), purchased 200 shares of the company’s common stock. The shares were acquired on May 9, 2025, at a price of $9.3655 per share, bringing the total value of the transaction to $1,873. Following this purchase, Levene owns a total of 200 shares directly. The stock, which has delivered an impressive 88.8% return over the past year, currently trades at $9.48 with a market capitalization of $1.72 billion. According to InvestingPro analysis, the stock appears slightly overvalued at current levels. This transaction is part of her ongoing involvement with the company, where she serves on the board of directors. The company maintains a solid 3.02% dividend yield and has consistently paid dividends for 55 consecutive years. InvestingPro subscribers can access 8 additional key insights and a comprehensive Pro Research Report about Pitney Bowes, helping investors make more informed decisions.
In other recent news, Pitney Bowes Inc. reported its first-quarter 2025 earnings, revealing an adjusted earnings per share (EPS) of $0.33, which surpassed analyst expectations of $0.27. Despite this earnings beat, the company’s revenue was slightly below projections, coming in at $493 million compared to the anticipated $501.4 million. Shipping revenue grew by 7%, which helped offset declines in other areas of the business. The company has increased its cost savings target to a range of $180-$200 million, reflecting its focus on cost efficiency. Pitney Bowes reaffirmed its full-year guidance, projecting free cash flow between $330 million and $370 million, and aims to reduce its leverage ratio below 3x by Q3 2025. The company also highlighted its strategic shift towards lease extensions in SendTech and a focus on high-margin revenue streams. Analyst firms have not provided any recent upgrades or downgrades for the company. These developments indicate Pitney Bowes’ strategic efforts to improve financial performance and operational efficiency.
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