Added to YB: 2024-07-31
Pitch date: 2024-07-29
PBI [bullish]
Pitney Bowes Inc.
+145.25%
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
$2.1B
Pitch Price
$6.32
Price Target
N/A
Dividend
2.54%
EV/EBITDA
7.41
P/E
15.37
EV/Sales
2.18
Sector
Commercial Services and Supplies
Category
turnaround
Show full summary:
Pitney Bowes: Projected Profit Surge and Cost Savings Drive Optimism
PBI: 2023 -$40M loss. 2025 projected +$216M profit (+$1.21 EPS) from GEC removal ($136M) & cost cuts ($120M). Q2 achieved $70M cuts. 2025 est. $200M+ net income. $164M interest expense (2023) to decrease. Potential buybacks. $62M 2023 restructuring charges likely gone by 2025. Key: What PE multiple for $200M+ annual earnings?
Read full article (1 min)