Piper Sandler Companies (PIPR) to Release Earnings on Friday

Piper Sandler Companies (NYSE:PIPR) is scheduled to be posting 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. Persons interested in listening to the company’s earnings 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 earnings per share for the quarter, beating analysts’ consensus estimates of $2.61 by $1.42. The firm had revenue of $457.39 million for the quarter, compared to analysts’ expectations of $370.12 million. Piper Sandler Companies had a return on equity of 13.27% and a net margin of 6.33%. The firm’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter last year, the firm earned $3.33 earnings per share.

Piper Sandler Companies Trading Down 0.1 %

NYSE:PIPR opened at $195.48 on Thursday. The firm’s fifty day simple moving average is $194.19 and its 200 day simple moving average is $187.69. Piper Sandler Companies has a twelve month low of $120.97 and a twelve month high of $202.76. The firm has a market capitalization of $3.46 billion, a price-to-earnings ratio of 39.57 and a beta of 1.42.

Piper Sandler Companies Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 1.23%. Piper Sandler Companies’s payout ratio is currently 48.58%.

Analysts Set New Price Targets

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

Insider Activity

In related 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 directly owns 36,454 shares of the company’s stock, valued at approximately $6,745,083.62. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Piper Sandler Companies news, insider Jonathan J. Doyle sold 19,987 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $183.90, for a total value of $3,675,609.30. Following the sale, the insider now directly owns 176,227 shares of the company’s stock, valued at $32,408,145.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Chad R. Abraham sold 6,662 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 36,454 shares of the company’s stock, valued at approximately $6,745,083.62. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 53,524 shares of company stock worth $9,838,711. 3.00% of the stock is currently owned by corporate insiders.

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.