Piper Sandler Companies Q1 2023 Earnings Report

Piper Sandler Companies EPS Results

• Actual EPS: $2.35
• Consensus EPS: $1.39
• Beat/Miss: Beat by +$0.96
• One Year Ago EPS: $3.12

Piper Sandler Companies Revenue Results

• Actual Revenue: $290.24 million
• Expected Revenue: $299.34 million
• Beat/Miss: Missed by -$9.10 million
• YoY Revenue Growth: -19.90%

Piper Sandler Companies Announcement Details

• Quarter: Q1 2023
• Date: 5/2/2023
• Time: Before Market Opens

Piper Sandler Companies (NYSE:PIPR) 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. It also provides public finance investment banking services that focus on state and local governments, and cultural and social service non-profit entities, as well as the education, healthcare, hospitality, senior living, housing, and transportation sectors. In addition, the company offers equity and fixed income advisory and trade execution services for institutional investors, corporations, and government and non-profit entities. Further, it is involved in the alternative asset management funds merchant banking and healthcare to invest firm capital and to manage capital from outside investors. The company was formerly known as Piper Jaffray Companies and changed its name to Piper Sandler Companies in January 2020. Piper Sandler Companies was founded in 1895 and is headquartered in Minneapolis, Minnesota.