Pitney Bowes has received a BB- credit rating from Fitch and extended maturities on its revolving credit facility and Term Loan A to 2031, developments that Citizens cited in reiterating its Outperform rating on the stock. The improved debt profile could lower the company's cost of capital over time, supporting catalysts such as SaaS growth, margin improvement, and a $750,000,000 buyback authorization. However, the core challenge of declining mail volumes persists, with some analysts projecting revenue to fall about 2.6 percent annually to $1.8 billion by 2028. Pitney Bowes' own narrative targets $1.8 billion in revenue and $239.7 million in earnings by 2029, implying a 1.8 percent annual revenue decline and a $95.0 million earnings increase from $144.7 million today.
Pitney Bowes IncPitney Bowes received a BB- credit rating from Fitch, extended loan maturities to 2031, and has a $750M buyback authorization, improving its debt profile and cost of capital.
Citizens Financial Group, Inc.