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

Piper Sandler Companies (NYSE:PIPR) is scheduled to be releasing its earnings data 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 quarterly earnings data on Friday, February 2nd. The financial services provider reported $4.03 EPS for the quarter, topping analysts’ consensus estimates of $2.61 by $1.42. The business had revenue of $457.39 million for the quarter, compared to analyst estimates of $370.12 million. Piper Sandler Companies had a net margin of 6.33% and a return on equity of 13.27%. The firm’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period last year, the business posted $3.33 earnings per share.

Piper Sandler Companies Trading Down 0.1 %

Shares of NYSE PIPR opened at $195.48 on Thursday. The company has a fifty day moving average price of $194.19 and a 200 day moving average price of $187.69. The firm has a market cap of $3.46 billion, a PE ratio of 39.57 and a beta of 1.42. Piper Sandler Companies has a 1-year low of $120.97 and a 1-year high of $202.76.

Piper Sandler Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $2.40 annualized dividend and a dividend yield of 1.23%. Piper Sandler Companies’s dividend payout ratio is currently 48.58%.

Insider Buying and Selling at Piper Sandler Companies

In related news, President Debbra L. Schoneman sold 4,795 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $190.72, for a total value of $914,502.40. Following the completion of the transaction, the president now directly owns 12,140 shares of the company’s stock, valued at $2,315,340.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, President Debbra L. Schoneman sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $184.13, for a total value of $920,650.00. Following the completion of the sale, the president now directly owns 48,083 shares of the company’s stock, valued at $8,853,522.79. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Debbra L. Schoneman sold 4,795 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $190.72, for a total value of $914,502.40. Following the transaction, the president now directly owns 12,140 shares in the company, valued at $2,315,340.80. The disclosure for this sale can be found here. Insiders sold a total of 53,524 shares of company stock worth $9,838,711 over the last ninety days. 3.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. StockNews.com raised Piper Sandler Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, February 28th. JMP Securities restated a “market perform” rating on shares of Piper Sandler Companies in a report on Tuesday, April 9th.

About Piper Sandler Companies

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.