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Pitney Bowes
(NYSE:PBI)
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Rating:54Neutral
Price Target:
$16.50
▼(-3.40% Downside)
Action:Reiterated
Date:09/30/26
The score is held back primarily by high balance-sheet risk (negative equity and elevated debt) and continued revenue contraction despite improved margins and cash flow. Technical indicators also show weak momentum (below key moving averages with negative MACD). Offsetting these are reasonable valuation, raised guidance with demonstrated execution (including debt reduction), and recent financing actions that modestly lower interest expense and improve credit profile.
Positive Factors
Strong Cash Generation
Strong operating and free cash flow show that improved profitability is converting into cash, providing resources for debt repayment, investment, and operations. Although cash generation has varied historically, the current conversion offers meaningful support for financial execution over the next several quarters.
Negative Factors
High Leverage and Negative Equity
Negative equity leaves the company with little capital cushion, making its elevated debt burden more consequential if earnings or cash flow weaken. Leverage can constrain future investment and capital allocation, while refinancing and interest obligations remain important risks despite recent debt reduction.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Cash Generation
Strong operating and free cash flow show that improved profitability is converting into cash, providing resources for debt repayment, investment, and operations. Although cash generation has varied historically, the current conversion offers meaningful support for financial execution over the next several quarters.
Read all positive factors
Pitney Bowes Key Performance Indicators (KPIs)
Any
Revenue by Geography
Breaks down revenue by region (for example U.S., EMEA, APAC), revealing where Pitney Bowes earns most of its sales and where growth or exposure to local economic cycles and currency moves matter. A concentrated footprint increases sensitivity to domestic postage/shipping trends, while stronger international growth can signal e‑commerce expansion and diversification.
Breaks down revenue by region (for example U.S., EMEA, APAC), revealing where Pitney Bowes earns most of its sales and where growth or exposure to local economic cycles and currency moves matter. A concentrated footprint increases sensitivity to domestic postage/shipping trends, while stronger international growth can signal e‑commerce expansion and diversification.
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The Fly
The FlyPitney Bowes (PBI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.38B
Dividend Yield2.19%
Average Volume (3M)1.72M
Price to Earnings (P/E)14.2
Beta (1Y)1.06
Revenue Growth-5.31%
EPS Growth115.80%
CountryUS
Employees6,600
SectorIndustrials
Sector Strength72
IndustryIntegrated Freight & Logistics
Share Statistics
EPS (TTM)1.22
Shares Outstanding137,090,210
10 Day Avg. Volume1,533,408
30 Day Avg. Volume1,720,452
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)-2.28
Price to Sales (P/S)0.97
P/FCF Ratio6.10
Enterprise Value/Market Cap1.81
Enterprise Value/Revenue2.31
Enterprise Value/Gross Profit4.28
Enterprise Value/Ebitda9.32
Forecast
1Y Price Target
$18.57Price Target Upside8.70% Upside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)1.68
Revenue Forecast (FY)$1.85B
Pitney Bowes Business Overview & Revenue Model
Company Description
Pitney Bowes Inc. (PBI) operates as a prominent global provider of shipping and mailing services. The company delivers a comprehensive array of technology, logistics, and financial solutions to a varied client base, including small and medium-size...
How the Company Makes Money
Pitney Bowes makes money primarily by selling and supporting shipping and mailing solutions and by providing ecommerce/shipping-related services. Key revenue streams include: (1) Shipping and mailing technology revenue: fees from subscription-base...
Pitney Bowes Earnings Call Summary
Earnings Call Date:Jul 29, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 28, 2026
Earnings Call Sentiment Neutral
The call balanced meaningful operational and financial progress (debt reduction, raised guidance, SendTech margin recovery, Presort sales momentum, and bank pilots) against persistent and material near-term headwinds (elevated transportation/fuel costs, CDL driver shortages, SendTech revenue pressure from noncore customer exits, and a deliberate bank shrink reducing near-term revenue). Management expressed cautious, long-term-focused optimism and demonstrated execution, but several structural and macro pressures temper near-term outlook.Positive Updates
Raised Financial Guidance
Management raised adjusted EBIT, adjusted EPS and adjusted free cash flow guidance for FY2026, citing continued execution and momentum from Q1 into Q2.
Negative Updates
Presort Profitability Impacted by Transportation Costs
Higher transportation and fuel costs materially impacted Presort profitability in Q2; management disclosed an approximate $6 million Q2 impact from elevated fuel costs and expects elevated transportation costs to persist into the second half.
Read all updates
Q2-2026 Updates
Positive
Negative
Raised Financial Guidance
Management raised adjusted EBIT, adjusted EPS and adjusted free cash flow guidance for FY2026, citing continued execution and momentum from Q1 into Q2.
Read all positive updates
Company Guidance
Management said it has raised its adjusted EBIT, adjusted EPS and adjusted free cash flow guidance off stronger-than-expected Q2 execution (no dollar amounts were provided), even while absorbing a roughly $6 million Q2 fuel/transportation headwind and expecting elevated fuel costs into H2; the company highlighted more than $200 million of debt reduction over the past four months (approximately $55 million year‑to‑date) and pushed its nearest maturity to March 2029, noted Presort is targeting positive volume growth in Q3 with a robust pipeline and mail‑exchange advantages, called SendTech long‑run margins “mid‑30s” with bookings up year‑over‑year, and said Pitney Bowes Bank is now originating loans through three pilot programs as it cautiously reshapes the balance sheet (possible bank carve‑out next year).Pitney Bowes Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
22
Negative
Cash Flow
66
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.87B | 1.89B | 2.03B | 2.08B | 3.54B | 3.67B |
| Gross Profit | 1.01B | 1.02B | 1.06B | 1.03B | 1.08B | 1.12B |
| EBITDA | 463.13M | 405.56M | 182.38M | 177.28M | 294.23M | 251.96M |
| Net Income | 187.35M | 144.70M | 10.24M | -385.63M | 36.94M | 3.51M |
Balance Sheet | ||||||
| Total Assets | 3.02B | 3.17B | 3.40B | 4.27B | 4.74B | 4.96B |
| Cash, Cash Equivalents and Short-Term Investments | 278.75M | 297.12M | 486.10M | 622.22M | 681.15M | 746.92M |
| Total Debt | 2.16B | 2.22B | 2.05B | 2.30B | 2.52B | 2.56B |
| Total Liabilities | 3.88B | 3.97B | 3.98B | 4.64B | 4.68B | 4.85B |
| Stockholders Equity | -863.28M | -802.36M | -578.43M | -368.58M | 60.65M | 112.63M |
Cash Flow | ||||||
| Free Cash Flow | 421.45M | 299.71M | 156.77M | -23.41M | 51.14M | 117.47M |
| Operating Cash Flow | 491.82M | 365.99M | 229.17M | 79.47M | 175.98M | 301.51M |
| Investing Cash Flow | -77.71M | -125.10M | -49.06M | -122.83M | -24.27M | -155.25M |
| Financing Cash Flow | -430.58M | -428.09M | -305.45M | -31.27M | -198.08M | -330.37M |
Pitney Bowes Technical Analysis
Positive
17.08
Price Trends
16.88
Positive
17.16
Positive
14.63
Positive
Market Momentum
0.14
Negative
54.89
Neutral
79.94
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PBI, the sentiment is Positive. The current price of 17.08 is above the 20-day moving average (MA) of 16.92, above the 50-day MA of 16.88, and above the 200-day MA of 14.63, indicating a bullish trend. The MACD of 0.14 indicates Negative momentum. The RSI at 54.89 is Neutral, neither overbought nor oversold. The STOCH value of 79.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PBI.
Pitney Bowes Risk Analysis
Pitney Bowes disclosed 26 risk factors in its most recent earnings report. Pitney Bowes reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Pitney Bowes Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $70.70B | 16.27 | 15.11% | 1.60% | 7.73% | 10.07% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | $16.30B | 26.59 | 36.01% | 1.79% | -0.09% | 19.50% | |
62 Neutral | $85.98B | 18.75 | 29.07% | 6.49% | -0.18% | -19.99% | |
54 Neutral | $2.38B | 14.22 | -23.27% | 2.19% | -5.31% | 115.80% | |
54 Neutral | $5.55B | 42.30 | 4.41% | ― | 7.55% | 114.56% |
* Industrials Sector Average
PBI
Pitney Bowes
17.26
5.74
49.85%
CHRW
CH Robinson
140.15
13.03
10.25%
FDX
FedEx
300.58
104.73
53.48%
UPS
United Parcel
100.32
16.60
19.83%
GXO
GXO Logistics
49.31
-5.37
-9.82%
Pitney Bowes Corporate Events
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Pitney Bowes Reprices Term Loan, Cuts Interest Costs
Positive
Sep 30, 2026
On September 29, 2026, Pitney Bowes repriced its $585 million Term Loan B due March 2032, cutting the interest margin by 75 basis points to SOFR plus 300, or 3.00 percent for Term SOFR loans and 2.00 percent for Base Rate loans. The transaction, w...
Business Operations and StrategyPrivate Placements and Financing
Pitney Bowes Announces Results of Long-Dated Debt Tender
Positive
Sep 21, 2026
On September 21, 2026, Pitney Bowes reported the results of cash tender offers that expired on September 18, 2026, targeting up to $50 million of its 6.70% Notes due 2043 and 5.250% Medium-Term Notes due 2037. At expiration, holders had validly te...
Business Operations and StrategyPrivate Placements and Financing
Pitney Bowes Announces Cash Tender Offer for Notes
Positive
Aug 20, 2026
On August 20, 2026, Pitney Bowes Inc. launched cash tender offers to repurchase up to $50 million in aggregate principal of its outstanding 6.70% notes due 2043 and 5.250% medium-term notes due 2037, with the tender period set to expire on Septemb...
Business Operations and StrategyExecutive/Board Changes
Pitney Bowes Strengthens Board with Strategic New Director
Positive
Jul 27, 2026
Pitney Bowes Inc. is a technology-driven provider of digital shipping solutions, mailing innovation and financial services to clients worldwide, including more than 90 percent of the Fortune 500. The company serves small businesses, large enterpri...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.