Piper Sandler Companies (PIPR) to Release Quarterly Earnings on Friday

Piper Sandler Companies (NYSE:PIPR) is set to post its quarterly earnings results before the market opens on Friday, October 25th. Analysts expect Piper Sandler Companies to post earnings of $2.53 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Piper Sandler Companies (NYSE:PIPR) last issued its earnings results on Friday, August 2nd. The financial services provider reported $2.52 EPS for the quarter, topping the consensus estimate of $2.26 by $0.26. Piper Sandler Companies had a return on equity of 15.36% and a net margin of 9.23%. The business had revenue of $357.00 million during the quarter, compared to the consensus estimate of $338.90 million. During the same quarter last year, the company earned $1.13 EPS. The firm’s revenue was up 23.7% compared to the same quarter last year. On average, analysts expect Piper Sandler Companies to post $12 EPS for the current fiscal year and $15 EPS for the next fiscal year.

Piper Sandler Companies Stock Down 2.7 %

Shares of PIPR opened at $288.39 on Thursday. Piper Sandler Companies has a twelve month low of $130.89 and a twelve month high of $306.10. The stock has a market cap of $5.10 billion, a PE ratio of 37.85 and a beta of 1.39. The business’s 50-day moving average price is $289.50 and its 200-day moving average price is $272.47.

Piper Sandler Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Thursday, August 29th were given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date was Thursday, August 29th. This is an increase from Piper Sandler Companies’s previous quarterly dividend of $0.60. Piper Sandler Companies’s dividend payout ratio (DPR) is 34.12%.

Insiders Place Their Bets

In related news, Director Philip Soran sold 1,792 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $263.92, for a total value of $472,944.64. Following the transaction, the director now owns 18,341 shares of the company’s stock, valued at $4,840,556.72. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, General Counsel John W. Geelan sold 1,789 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $256.73, for a total value of $459,289.97. Following the completion of the sale, the general counsel now owns 15,065 shares of the company’s stock, valued at approximately $3,867,637.45. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Philip Soran sold 1,792 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $263.92, for a total value of $472,944.64. Following the completion of the sale, the director now owns 18,341 shares of the company’s stock, valued at $4,840,556.72. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,276 shares of company stock valued at $3,936,252 in the last quarter. Corporate insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

Separately, JMP Securities restated a “market perform” rating on shares of Piper Sandler Companies in a research report on Tuesday, September 17th.

Piper Sandler Companies Company Profile

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.