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

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

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

Piper Sandler Companies Trading Up 0.6 %

Shares of PIPR opened at $224.81 on Friday. The stock’s fifty day simple moving average is $239.35 and its 200 day simple moving average is $273.83. Piper Sandler Companies has a twelve month low of $183.58 and a twelve month high of $351.80. The firm has a market capitalization of $3.99 billion, a P/E ratio of 22.00 and a beta of 1.38.

Piper Sandler Companies Dividend Announcement

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

Analysts Set New Price Targets

Several research firms recently commented on PIPR. JMP Securities restated a “market perform” rating on shares of Piper Sandler Companies in a report on Monday, February 3rd. StockNews.com lowered shares of Piper Sandler Companies from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. Finally, The Goldman Sachs Group lowered their price target on Piper Sandler Companies from $321.00 to $286.00 and set a “neutral” rating for the company in a report 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.