PBI Pitney Bowes Inc

Citizens JMP maintains a Market Outperform rating on Pitney Bowes, citing the company's attractive valuation and ongoing strategic buyback program. Analysts believe that these factors present a compelling investment opportunity despite recent market trends. The report highlights the potential for significant upside in Pitney Bowes shares as the company continues to execute its financial strategy.

Pitney Bowes Inc. (NYSE: PBI) has initiated cash tender offers to purchase up to $75 million aggregate principal amount of its outstanding 6.70% Notes due 2043 and 5.250% Medium-Term Notes due 2037. The tender offers are set to expire on December 19, 2025, and are designed to provide holders with an opportunity to sell their notes at specified prices. The company intends to finance these purchases using cash on hand.

Pitney Bowes Inc. (NYSE:PBI) is approaching its ex-dividend date, meaning investors need to purchase shares by November 10th to receive the next US$0.09 dividend, payable December 8th. The company shows a solid trailing yield of 3.3% and a sustainable payout ratio, with dividends covered by both profit (61%) and free cash flow (20%). Despite a historical dividend decline over the past decade, earnings per share have grown annually by 16% over the last five years, suggesting potential for future dividend increases.

Pitney Bowes launched ShipAccel, a new digital platform designed to simplify and enhance shipping operations for ecommerce businesses of all sizes. The solution, which leverages Pitney Bowes' Shipping 360 platform, offers features like seamless integration with carriers and marketplaces, automation for rate comparison and label generation, real-time insights, branded tracking, and cost savings on shipping rates. ShipAccel aims to help businesses optimize shipping strategies, reduce costs, and improve customer experiences.

Pitney Bowes (PBI) is undergoing a turnaround under new management, which is expected to improve business fundamentals and lead to a market reevaluation. The company's exit from GEC and successful deleveraging are key factors contributing to this positive outlook. Despite strong year-to-date performance, the stock's valuation remains attractive as the market underappreciates the progress made.

Pitney Bowes Inc. announced the appointment of Lance Rosenzweig as its permanent Chief Executive Officer, effective immediately. The Board of Directors also appointed Milena Alberti-Perez as non-executive Chair and added Paul Evans, Catherine Levene, and Julie Schoenfeld as new directors. These leadership changes are intended to drive the company's transformation, focusing on cash management, deleveraging, and maximizing shareholder value.