Piper Sandler Companies (NYSE:PIPR - Get Free Report) posted its earnings results on Friday. The financial services provider reported $4.09 EPS for the quarter, topping the consensus estimate of $2.85 by $1.24, Zacks reports. The firm had revenue of $357.27 million during the quarter, compared to analysts' expectations of $366.99 million. Piper Sandler Companies had a net margin of 11.87% and a return on equity of 17.00%. The company's quarterly revenue was up 14.7% compared to the same quarter last year. During the same period last year, the company posted $2.79 EPS.
Piper Sandler Companies Price Performance
Shares of PIPR opened at $252.00 on Friday. Piper Sandler Companies has a 52 week low of $201.97 and a 52 week high of $351.80. The stock has a market capitalization of $4.48 billion, a price-to-earnings ratio of 24.66 and a beta of 1.50.
Wall Street Analyst Weigh In
PIPR has been the topic of several research reports. The Goldman Sachs Group dropped their price target on Piper Sandler Companies from $321.00 to $286.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. JMP Securities restated a "market perform" rating on shares of Piper Sandler Companies in a research note on Monday, February 3rd. Finally, StockNews.com cut shares of Piper Sandler Companies from a "buy" rating to a "hold" rating in a report on Tuesday, January 7th.
Read Our Latest Stock Analysis on Piper Sandler Companies
Piper Sandler Companies Company Profile
(
Get Free Report)
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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