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

Piper Sandler Companies (NYSE:PIPR) is expected to be releasing its earnings data before the market opens on Friday, April 25th. Analysts expect Piper Sandler Companies to post earnings of $2.42 per share and revenue of $366.99 million for the quarter.

Piper Sandler Companies (NYSE:PIPR) last posted its earnings results on Friday, January 31st. The financial services provider reported $4.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.99 by $0.81. Piper Sandler Companies had a return on equity of 17.00% and a net margin of 11.87%. During the same quarter in the prior year, the company earned $4.03 EPS.

Piper Sandler Companies Stock Performance

NYSE:PIPR opened at $224.81 on Friday. Piper Sandler Companies has a 52-week low of $183.58 and a 52-week high of $351.80. The business’s fifty day moving average is $239.35 and its 200 day moving average is $273.83. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of 22.00 and a beta of 1.38.

Piper Sandler Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 1.16%. The ex-dividend date was Tuesday, March 4th. Piper Sandler Companies’s payout ratio is 25.44%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on PIPR. StockNews.com cut shares of Piper Sandler Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. JMP Securities reaffirmed a “market perform” rating on shares of Piper Sandler Companies in a report on Monday, February 3rd. Finally, The Goldman Sachs Group reduced their target price on Piper Sandler Companies from $321.00 to $286.00 and set a “neutral” rating on the stock in a research note on Friday, March 14th.

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.