Added to YB: 2024-09-23
Pitch date: 2024-09-23
PBI [bullish]
Pitney Bowes Inc.
+49.27%
current return
Author Info
No bio for this author
Company Info
Pitney Bowes Inc., operates as a technology-driven company that provides SaaS shipping solutions, mailing innovation, and financial services to small businesses, large enterprises, and government entities around the world.
Market Cap
$1.5B
Pitch Price
$6.85
Price Target
N/A
Dividend
3.49%
EV/EBITDA
7.55
P/E
21.71
EV/Sales
1.74
Sector
Commercial Services and Supplies
Category
turnaround
Pitney Bowes ($PBI)
PBI: GEC exit by 2025 for $150M max. Cost cuts $120M-$160M, up from $60M-$100M. Presort EBIT +40% YoY, SendTech digital +33%. USPS package focus benefits PBI. 2024 EBIT guide $340M-$355M. Conservative 2025 EPS $1.08, 10x P/E = $10.80. Moody's outlook revised to stable. Upside from debt refinancing, buybacks, acquisitions.