These are top 10 stocks traded on the Robinhood UK platform in July
Following this sale, Pfeiffer holds 124,124 shares directly. The sale was executed on January 27, 2025, as disclosed in a recent SEC filing. With the company’s market capitalization at $1.62 billion and earnings report due on February 4, 2025, investors seeking deeper insights can access comprehensive insider trading analysis and 14+ additional ProTips through InvestingPro’s detailed research reports. With the company’s market capitalization at $1.62 billion and earnings report due on February 4, 2025, investors seeking deeper insights can access comprehensive insider trading analysis and 14+ additional ProTips through InvestingPro’s detailed research reports. Following this sale, Pfeiffer holds 124,124 shares directly. The sale was executed on January 27, 2025, as disclosed in a recent SEC filing.
In other recent news, Pitney Bowes (NYSE:PBI) has made several strategic moves, including the acquisition of Royal Alliances’ presort operations, which is expected to increase its annual mail volume by over 100 million First-Class™ Mail pieces. Despite an anticipated sales decline, analysts expect net income growth, suggesting operational efficiencies from such strategic moves. The company also paid down $75 million of its senior secured notes, issued by Oaktree Capital Management, as part of its ongoing efforts to reduce its total debt load. In addition, Pitney Bowes reached an agreement in principle with DRF Logistics LLC, marking a significant step towards DRF’s exit from bankruptcy, expected to be concluded by the end of 2024.
In terms of financial performance, Pitney Bowes reported a slight decrease in third-quarter revenue to $499 million from $503 million year-over-year. However, the company’s profitability improved, with adjusted EBITDA rising 22% to $103 million and adjusted EPS growing to $0.21, up from $0.16. These improvements are attributed to strategic initiatives to reduce costs and optimize cash flow. Looking forward, the full-year revenue for 2024 is projected to decline at a low-single-digit rate, while EBIT guidance has been raised to $355-$360 million. These are among the recent developments at Pitney Bowes.
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