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

Piper Sandler Companies (NYSE:PIPR) is set to post its quarterly earnings results before the market opens on Friday, April 26th. Analysts expect Piper Sandler Companies to post earnings of $1.89 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Piper Sandler Companies (NYSE:PIPR) last issued its earnings results on Friday, February 2nd. The financial services provider reported $4.03 EPS for the quarter, topping the consensus estimate of $2.61 by $1.42. Piper Sandler Companies had a return on equity of 13.27% and a net margin of 6.33%. The business had revenue of $457.39 million during the quarter, compared to analysts’ expectations of $370.12 million. During the same quarter last year, the firm posted $3.33 earnings per share. Piper Sandler Companies’s revenue was up 17.0% compared to the same quarter last year.

Piper Sandler Companies Trading Down 0.1 %

Shares of NYSE PIPR opened at $195.48 on Thursday. The business has a 50-day moving average price of $194.19 and a two-hundred day moving average price of $187.69. The firm has a market capitalization of $3.46 billion, a PE ratio of 39.57 and a beta of 1.42. Piper Sandler Companies has a one year low of $120.97 and a one year high of $202.76.

Piper Sandler Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend was Friday, March 1st. Piper Sandler Companies’s dividend payout ratio (DPR) is presently 48.58%.

Insider Activity at Piper Sandler Companies

In related news, CEO Chad R. Abraham sold 11,307 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $180.18, for a total value of $2,037,295.26. Following the completion of the transaction, the chief executive officer now directly owns 24,116 shares of the company’s stock, valued at approximately $4,345,220.88. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Chad R. Abraham sold 6,662 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $185.03, for a total transaction of $1,232,669.86. Following the sale, the chief executive officer now owns 36,454 shares in the company, valued at approximately $6,745,083.62. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Chad R. Abraham sold 11,307 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $180.18, for a total transaction of $2,037,295.26. Following the completion of the sale, the chief executive officer now directly owns 24,116 shares in the company, valued at $4,345,220.88. The disclosure for this sale can be found here. In the last three months, insiders sold 53,524 shares of company stock worth $9,838,711. 3.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PIPR. JMP Securities reiterated a “market perform” rating on shares of Piper Sandler Companies in a research note on Tuesday, April 9th. StockNews.com upgraded Piper Sandler Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th.

Piper Sandler Companies Company Profile

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.