Piper Sandler Companies (PIPR) Scheduled to Post Quarterly Earnings on Friday

Piper Sandler Companies (NYSE:PIPR - Get Free Report) will be announcing its earnings results before the market opens on Friday, October 25th. Analysts expect the company to announce earnings of $2.53 per share for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last announced its quarterly earnings data on Friday, August 2nd. The financial services provider reported $2.52 EPS for the quarter, topping analysts' consensus estimates of $2.26 by $0.26. Piper Sandler Companies had a net margin of 9.23% and a return on equity of 15.36%. The company had revenue of $357.00 million during the quarter, compared to the consensus estimate of $338.90 million. During the same quarter in the prior year, the firm earned $1.13 EPS. Piper Sandler Companies's quarterly revenue was up 23.7% on a year-over-year basis. 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 Price Performance

Shares of PIPR stock traded up $1.09 during mid-day trading on Thursday, hitting $289.48. The stock had a trading volume of 150,300 shares, compared to its average volume of 106,836. Piper Sandler Companies has a fifty-two week low of $130.89 and a fifty-two week high of $306.10. The company's 50-day simple moving average is $289.50 and its 200-day simple moving average is $272.47. The firm has a market cap of $5.12 billion, a PE ratio of 37.99 and a beta of 1.39.

Piper Sandler Companies Increases Dividend

The company 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. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $2.60 dividend on an annualized basis and a yield of 0.90%. This is an increase from Piper Sandler Companies's previous quarterly dividend of $0.60. Piper Sandler Companies's dividend payout ratio (DPR) is presently 34.12%.

Insider Transactions at Piper Sandler Companies

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

Wall Street Analysts Forecast Growth

Separately, JMP Securities reissued a "market perform" rating on shares of Piper Sandler Companies in a research note 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.