Piper Sandler Companies (NYSE:PIPR – Get Free Report) issued its quarterly earnings data on Friday. The financial services provider reported $2.79 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.90, Briefing.com reports. Piper Sandler Companies had a net margin of 6.33% and a return on equity of 13.27%. The firm had revenue of $335.29 million for the quarter, compared to analysts’ expectations of $314.97 million. During the same period in the prior year, the firm earned $2.35 earnings per share. The company’s quarterly revenue was up 15.5% compared to the same quarter last year.
Piper Sandler Companies Trading Up 2.7 %
Shares of PIPR traded up $5.13 during trading hours on Friday, hitting $197.16. 153,700 shares of the stock traded hands, compared to its average volume of 91,872. Piper Sandler Companies has a 1-year low of $120.97 and a 1-year high of $202.76. The firm has a market capitalization of $3.49 billion, a PE ratio of 33.53 and a beta of 1.42. The business has a fifty day moving average of $194.02 and a 200-day moving average of $188.73.
Piper Sandler Companies Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were paid a $0.60 dividend. The ex-dividend date was Friday, March 1st. This represents a $2.40 annualized dividend and a dividend yield of 1.22%. Piper Sandler Companies’s dividend payout ratio (DPR) is currently 40.82%.
Insider Activity at Piper Sandler Companies
Wall Street Analyst Weigh In
PIPR has been the subject of several research analyst reports. JMP Securities reiterated a “market perform” rating on shares of Piper Sandler Companies in a research report on Tuesday, April 9th. StockNews.com upgraded shares of Piper Sandler Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, February 28th.
Get Our Latest Analysis on Piper Sandler Companies
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.
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