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

Piper Sandler Companies (NYSE:PIPR) is projected to release its earnings data before the market opens on Friday, January 31st. Analysts expect Piper Sandler Companies to post earnings of $3.99 per share and revenue of $454.36 million for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Piper Sandler Companies (NYSE:PIPR) last posted its quarterly earnings results on Friday, October 25th. The financial services provider reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.04. Piper Sandler Companies had a net margin of 10.84% and a return on equity of 16.06%. The business had revenue of $359.57 million for the quarter, compared to the consensus estimate of $365.07 million. On average, analysts expect Piper Sandler Companies to post $11 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Piper Sandler Companies Stock Performance

Shares of NYSE PIPR traded up $8.81 during mid-day trading on Tuesday, reaching $311.07. The company had a trading volume of 38,197 shares, compared to its average volume of 86,951. Piper Sandler Companies has a twelve month low of $171.70 and a twelve month high of $351.80. The stock has a market capitalization of $5.53 billion, a PE ratio of 33.23 and a beta of 1.46. The stock’s 50 day moving average is $300.00 and its 200-day moving average is $312.45.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PIPR. StockNews.com downgraded shares of Piper Sandler Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. The Goldman Sachs Group cut shares of Piper Sandler Companies from a “buy” rating to a “neutral” rating and set a $317.00 price objective for the company. in a report on Monday, January 6th.

About Piper Sandler Companies

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.