PITNEY BOWES Reports Earnings for Q2 FY2023 on August 3, 2023
August 9, 2023
🌥️Earnings Overview
PITNEY BOWES ($NYSE:PBI) announced its earnings results for Q2 FY2023 on August 3 2023. Revenue for the period ending June 30 2023 totaled USD 776.5 million, showing a 10.9% decrease compared to the same time last year. Net income was reported at USD -141.5 million, a significant decline from the 4.3 million reported in the previous year.
Market Price
The stock opened at $3.5 and, despite a strong market day overall, closed at $3.4, a drop of 10.0% from its previous closing price of $3.8. This marks a decrease in stock price for the company over the course of the day, indicating that investors may have doubts about the company’s financial health going forward. Despite its diverse offerings and international reach, the company is facing difficulties in this quarter as evidenced by the drop in stock price. Investors will be paying close attention to the company’s financials to get a better understanding of where the company is headed in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Pitney Bowes. More…
| Total Revenues | Net Income | Net Margin |
| 3.35k | -137.49 | -0.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Pitney Bowes. More…
| Operations | Investing | Financing |
| 90.53 | -57.45 | -64.13 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Pitney Bowes. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.42k | 4.5k | -0.43 |
Key Ratios Snapshot
Some of the financial key ratios for Pitney Bowes are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 1.0% | -19.8% | -1.6% |
| FCF Margin | ROE | ROA |
| -0.7% | 421.0% | -0.7% |
Analysis
GoodWhale has conducted an analysis of PITNEY BOWES‘s fundamentals, using our proprietary Star Chart. The analysis revealed a strong dividend score, medium profitability score, and weak asset and growth scores. On balance, however, PITNEY BOWES has a high health score of 8/10, indicating that it is well-equipped to ride out any economic crisis without the risk of bankruptcy. As such, we classify PITNEY BOWES as a ‘cow’, a type of company with a track record of paying out consistent and sustainable dividends. This makes PITNEY BOWES an attractive prospect for investors interested in dividend stocks. These investors may be looking for steady returns on their investments, or seeking to build up a passive income stream. In either case, PITNEY BOWES’s strong dividend score and high health score make it an attractive option. Additionally, investors who seek stability in their portfolios may also find PITNEY BOWES to be a good fit. More…
Peers
Pitney Bowes Inc is in competition with Yellow Corp, Kawasaki Kisen Kaisha Ltd, and Konoike Transport Co Ltd. Each company is striving to be the best in the industry, and they are all fighting for market share. This competition is good for consumers because it keeps prices down and forces each company to innovate and offer better products and services.
– Yellow Corp ($NASDAQ:YELL)
Yellow Corp is a leading provider of transportation and logistics services. The company operates in a variety of industries, including manufacturing, retail, and healthcare. Yellow Corp has a market cap of 214.25M as of 2022 and a Return on Equity of -24.52%. The company has been struggling in recent years, due in part to competition from other transportation and logistics providers. Yellow Corp is attempting to turnaround its business by investing in new technology and expanding its operations into new markets.
– Kawasaki Kisen Kaisha Ltd ($TSE:9107)
Kawasaki Kisen Kaisha is a Japanese transportation company with a market cap of 664.71B as of 2022. The company operates through three segments: Marine, Land, and Air. The Marine segment offers liner and bulk carrier shipping services. The Land segment provides logistics services. The Air segment offers airfreight services. Kawasaki Kisen Kaisha has a Return on Equity of 50.05%.
– Konoike Transport Co Ltd ($TSE:9025)
Konoike Transport Co Ltd is a Japanese transportation company with a market cap of 82.81B as of 2022. The company has a Return on Equity of 6.81%. Konoike Transport Co Ltd is a transportation company that provides land, sea, and air transportation services. The company was founded in 1948 and is headquartered in Tokyo, Japan.
Summary
Pitney Bowes reported a 10.9% decrease in total revenue for the second quarter of FY2023, ending June 30th 2023. With a net income of -141.5 million, compared to 4.3 million in the previous year, the company’s stock price reacted negatively and moved down for the day. As such, investors should be wary of investing in Pitney Bowes at this time, as the company has reported a decreased revenue and a negative net income.
However, it is important to note that the company is still investing heavily in its digital transformation projects, which may lead to long-term growth. Therefore, investors should assess the company’s financials and recent initiatives before making any decisions.
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