Piper Sandler Companies (NYSE:PIPR) Releases Earnings Results, Beats Estimates By $0.90 EPS

Piper Sandler Companies (NYSE:PIPR) issued its quarterly earnings data on Friday. The financial services provider reported $2.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.90, Briefing.com reports. Piper Sandler Companies had a net margin of 6.33% and a return on equity of 13.27%. The firm had revenue of $335.29 million for the quarter, compared to the consensus estimate of $314.97 million. During the same quarter in the previous year, the firm earned $2.35 EPS. The company’s quarterly revenue was up 15.5% compared to the same quarter last year.

Piper Sandler Companies Stock Performance

PIPR stock traded up $5.13 during trading on Friday, reaching $197.16. The company had a trading volume of 153,700 shares, compared to its average volume of 91,872. The firm has a 50-day simple moving average of $194.02 and a 200-day simple moving average of $188.73. The company has a market cap of $3.49 billion, a price-to-earnings ratio of 33.53 and a beta of 1.42. Piper Sandler Companies has a twelve month low of $120.97 and a twelve month high of $202.76.

Piper Sandler Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Friday, March 1st. Piper Sandler Companies’s dividend payout ratio (DPR) is presently 40.82%.

Insider Buying and Selling

In related news, President Debbra L. Schoneman sold 4,795 shares of Piper Sandler Companies stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $190.72, for a total value of $914,502.40. Following the completion of the sale, the president now directly owns 12,140 shares in the company, valued at approximately $2,315,340.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Piper Sandler Companies news, President Debbra L. Schoneman sold 205 shares of Piper Sandler Companies stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $190.05, for a total transaction of $38,960.25. Following the completion of the sale, the president now directly owns 16,935 shares in the company, valued at approximately $3,218,496.75. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Debbra L. Schoneman sold 4,795 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $190.72, for a total transaction of $914,502.40. Following the completion of the transaction, the president now owns 12,140 shares of the company’s stock, valued at $2,315,340.80. The disclosure for this sale can be found here. Insiders sold 53,524 shares of company stock worth $9,838,711 in the last three months. Corporate insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.