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

Piper Sandler Companies (NYSE:PIPR) is scheduled 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. Individual interested in listening to the company’s earnings conference call can do so using this link.

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

Piper Sandler Companies Trading Down 0.1 %

Shares of Piper Sandler Companies stock opened at $195.48 on Thursday. The stock has a fifty day simple moving average of $194.19 and a 200 day simple moving average of $187.69. Piper Sandler Companies has a 12-month low of $120.97 and a 12-month high of $202.76. The company has a market capitalization of $3.46 billion, a P/E ratio of 39.57 and a beta of 1.42.

Piper Sandler Companies Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on PIPR shares. JMP Securities reiterated a “market perform” rating on shares of Piper Sandler Companies in a research note on Tuesday, April 9th. StockNews.com raised shares of Piper Sandler Companies from a “hold” rating to a “buy” rating in a report on Wednesday, February 28th.

Insiders Place Their Bets

In related news, President Debbra L. Schoneman sold 4,795 shares of the firm’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 transaction of $914,502.40. Following the transaction, the president now directly owns 12,140 shares in the company, valued at approximately $2,315,340.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Piper Sandler Companies news, CEO Chad R. Abraham sold 6,662 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $185.03, for a total value of $1,232,669.86. Following the completion of the transaction, the chief executive officer now owns 36,454 shares of the company’s stock, valued at approximately $6,745,083.62. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, President Debbra L. Schoneman sold 4,795 shares of the firm’s stock in a transaction 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 completion of the transaction, the president now owns 12,140 shares in the company, valued at $2,315,340.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 53,524 shares of company stock valued at $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.