Poste Italiane S.p.A. (PST.VI)
| Previous Close | 12.94 |
| Open | 13.02 |
| Bid | 12.89 x 0 |
| Ask | 13.02 x 0 |
| Day's Range | 12.91 - 13.02 |
| 52 Week Range | 9.34 - 13.02 |
| Volume | |
| Avg. Volume | 14 |
| Market Cap | 16.772B |
| Beta (5Y Monthly) | 0.89 |
| PE Ratio (TTM) | 9.32 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.80 (6.18%) |
| Ex-Dividend Date | Jun 24, 2024 |
| 1y Target Est | N/A |
- Reuters
Italy targets savers in planned $2.6 billion Poste share sale, decree shows
ROME (Reuters) -Italy will target domestic savers in its planned public offering of around 14% of Poste Italiane, a government decree seen by Reuters showed on Tuesday. The Italian postal service is valued at around 16.2 billion at current market prices and the proposed share sale is therefore expected to cut Italy's huge public debt by 2.3 billion euros ($2.6 billion). Under the decree, which has yet to be published, the sale procedure will give "priority to savers resident in Italy, including Poste Italiane employees, encouraging their participation through incentives" such as stock price discounts.
- Reuters
Italy approves decree to sell around 14% stake in Poste Italiane
Italy approved on Tuesday a decree allowing the Treasury to sell a stake of up to 14% in postal service Poste Italiane, Prime Minister Giorgia Meloni's office said in a statement. Under the decree, the state plans to retain more than 50% stake in Poste, the statement said. The Treasury directly owns a 29.3% stake in the postal service, while another 35% stake is held through state lender Cassa Depositi e Prestiti (CDP).
- Reuters
Italy's Poste improves outlook after Q2 profit beats forecast
MILAN (Reuters) -Poste Italiane slightly raised its full year profit goal on Tuesday, after operating profit fell less than expected in the second quarter supported by a strong performance of the postal service's traditional parcel and mail business. Earnings before interest and tax (EBIT) came in at 782 million euros ($846 million) in the three months to the end of June, down year-on-year but well above a 713 million euro forecast in an analyst consensus compiled by the company. In 2023, second quarter EBIT stood at 799 million euros boosted by a non-cash capital gain on an acquisition.
