Piper Sandler Companies (NYSE:PIPR – Get Free Report) released its earnings results on Friday. The financial services provider reported $2.79 EPS for the quarter, beating the consensus estimate of $1.89 by $0.90, Briefing.com reports. The company had revenue of $335.29 million during the quarter, compared to analysts’ expectations of $314.97 million. Piper Sandler Companies had a return on equity of 13.27% and a net margin of 6.33%. The business’s revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.35 EPS.
Piper Sandler Companies Stock Up 2.7 %
NYSE PIPR traded up $5.13 during trading hours on Friday, hitting $197.16. The company had a trading volume of 153,700 shares, compared to its average volume of 91,872. Piper Sandler Companies has a fifty-two week low of $120.97 and a fifty-two week high of $202.76. The business has a fifty day simple moving average of $194.02 and a 200-day simple moving average of $188.73. The firm has a market cap of $3.49 billion, a P/E ratio of 33.53 and a beta of 1.42.
Piper Sandler Companies Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Friday, March 1st. Piper Sandler Companies’s dividend payout ratio is currently 40.82%.
Insiders Place Their Bets
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on PIPR shares. StockNews.com raised Piper Sandler Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, February 28th. JMP Securities reissued a “market perform” rating on shares of Piper Sandler Companies in a research report on Tuesday, April 9th.
View Our Latest Report on PIPR
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.
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