Piper Sandler Companies (PIPR) Expected to Announce Quarterly Earnings on Friday

Piper Sandler Companies (NYSE:PIPR) is expected to post its quarterly earnings results 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. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Piper Sandler Companies (NYSE:PIPR) last issued its quarterly earnings data on Friday, October 25th. The financial services provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.53 by $0.04. The firm had revenue of $359.57 million during the quarter, compared to the consensus estimate of $365.07 million. Piper Sandler Companies had a return on equity of 16.06% and a net margin of 10.84%. 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 Piper Sandler Companies stock traded up $8.81 on Tuesday, hitting $311.07. The company had a trading volume of 38,197 shares, compared to its average volume of 86,951. The stock has a market capitalization of $5.53 billion, a price-to-earnings ratio of 33.23 and a beta of 1.46. Piper Sandler Companies has a 1 year low of $171.70 and a 1 year high of $351.80. The stock has a 50 day moving average of $300.00 and a 200-day moving average of $312.45.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. StockNews.com lowered Piper Sandler Companies from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. The Goldman Sachs Group lowered Piper Sandler Companies from a “buy” rating to a “neutral” rating and set a $317.00 target price for the company. in a report on Monday, January 6th.

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.