Added to YB: 2024-09-23
Pitch date: 2024-09-23
PBI [bullish]
Pitney Bowes Inc.
+139.73%
current return
Author Info
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Company Info
Pitney Bowes Inc. provides digital shipping solutions, mailing innovation, and financial services worldwide.
Market Cap
$2.5B
Pitch Price
$6.71
Price Target
N/A
Dividend
2.21%
EV/EBITDA
7.60
P/E
14.81
EV/Sales
2.33
Sector
Commercial Services and Supplies
Category
turnaround
Show full summary:
Pitney Bowes ($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.