Piper Sandler Companies (PIPR) Set to Announce Earnings on Friday

by · The Markets Daily

Piper Sandler Companies (NYSE:PIPR – Get Free Report) is scheduled to issue its quarterly earnings data before the market opens on Friday, October 25th. Analysts expect the company to announce earnings of $2.53 per share for the quarter.

Piper Sandler Companies (NYSE:PIPR – Get Free Report) last issued its earnings results on Friday, August 2nd. The financial services provider reported $2.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.26. The firm had revenue of $357.00 million for the quarter, compared to analysts’ expectations of $338.90 million. Piper Sandler Companies had a net margin of 9.23% and a return on equity of 15.36%. Piper Sandler Companies’s revenue was up 23.7% on a year-over-year basis. During the same quarter last year, the company posted $1.13 earnings per share. On average, analysts expect Piper Sandler Companies to post $12 EPS for the current fiscal year and $15 EPS for the next fiscal year.

Piper Sandler Companies Stock Down 0.7 %

Shares of NYSE:PIPR traded down $2.23 during trading on Friday, hitting $301.39. 4,914 shares of the company traded hands, compared to its average volume of 106,434. The stock has a market capitalization of $5.33 billion, a price-to-earnings ratio of 51.47 and a beta of 1.39. Piper Sandler Companies has a one year low of $130.89 and a one year high of $305.54. The business’s fifty day moving average is $285.60 and its 200-day moving average is $269.42.

Piper Sandler Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Thursday, August 29th were given a $0.65 dividend. The ex-dividend date was Thursday, August 29th. This is a positive change from Piper Sandler Companies’s previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a yield of 0.86%. Piper Sandler Companies’s dividend payout ratio (DPR) is currently 44.22%.

Analysts Set New Price Targets

Separately, JMP Securities restated a “market perform” rating on shares of Piper Sandler Companies in a research report on Tuesday, September 17th.

Check Out Our Latest Research Report on PIPR

Insider Transactions at Piper Sandler Companies

In related news, Director Philip Soran sold 1,792 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $263.92, for a total value of $472,944.64. Following the sale, the director now directly owns 18,341 shares in the company, valued at $4,840,556.72. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Philip Soran sold 1,792 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $263.92, for a total value of $472,944.64. Following the completion of the transaction, the director now owns 18,341 shares of the company’s stock, valued at approximately $4,840,556.72. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, General Counsel John W. Geelan sold 1,789 shares of Piper Sandler Companies stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $256.73, for a total transaction of $459,289.97. Following the sale, the general counsel now owns 15,065 shares in the company, valued at approximately $3,867,637.45. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,276 shares of company stock worth $3,936,252. Company insiders own 3.00% of the company’s stock.

Piper Sandler Companies Company Profile

(Get Free Report)

Piper Sandler Companies operates as an investment bank and institutional securities firm that serves corporations, private equity groups, public entities, non-profit entities, and institutional investors in the United States and internationally. It offers investment banking services and institutional sales, trading, and research services for various equity and fixed income products; advisory services, such as mergers and acquisitions, equity and debt private placements, and debt and restructuring advisory; raises capital through equity and debt financings; underwrites municipal issuances; and municipal financial advisory and loan placement services, as well as various over-the-counter derivative products.

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