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

Piper Sandler Companies (NYSE:PIPR - Get Free Report) will release its earnings data before the market opens on Friday, October 25th. Analysts expect Piper Sandler Companies to post earnings of $2.53 per share for the quarter. Persons that wish to listen to the company's earnings conference call can do so using this link.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last announced its earnings results on Friday, August 2nd. The financial services provider reported $2.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.26 by $0.26. The business had revenue of $357.00 million for the quarter, compared to analyst estimates of $338.90 million. Piper Sandler Companies had a return on equity of 15.36% and a net margin of 9.23%. The company's revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.13 earnings per share. 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 Trading Down 0.1 %

Piper Sandler Companies stock traded down $0.42 during midday trading on Friday, hitting $303.20. The stock had a trading volume of 100,900 shares, compared to its average volume of 106,913. The stock has a market cap of $5.37 billion, a P/E ratio of 39.79 and a beta of 1.39. Piper Sandler Companies has a 12 month low of $130.89 and a 12 month high of $306.10. The business has a fifty day moving average price of $287.03 and a 200 day moving average price of $270.36.

Piper Sandler Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Thursday, August 29th were issued a dividend of $0.65 per share. The ex-dividend date of this dividend was Thursday, August 29th. This is a positive change from Piper Sandler Companies's previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a dividend yield of 0.86%. Piper Sandler Companies's dividend payout ratio is 34.12%.

Insiders Place Their Bets

In other Piper Sandler Companies news, Director Philip Soran sold 1,792 shares of the company's 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 approximately $4,840,556.72. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Piper Sandler Companies news, insider Jonathan J. Doyle sold 12,695 shares of the business's stock in a transaction on Monday, August 5th. The shares were sold at an average price of $236.63, for a total transaction of $3,004,017.85. Following the sale, the insider now directly owns 160,095 shares of the company's stock, valued at $37,883,279.85. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Philip Soran sold 1,792 shares of the business's stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $263.92, for a total transaction of $472,944.64. Following the sale, the director now directly owns 18,341 shares in the company, valued at approximately $4,840,556.72. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,276 shares of company stock worth $3,936,252 over the last ninety days. Company insiders own 3.00% of the company's stock.

Analyst Ratings Changes

Separately, JMP Securities reiterated 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.