Piper Sandler Companies (NYSE:PIPR - Get Free Report) announced its quarterly earnings results on Friday, May 2nd. The financial services provider reported $4.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.85 by $1.24, Zacks reports. Piper Sandler Companies had a return on equity of 17.00% and a net margin of 11.87%. The company had revenue of $357.27 million during the quarter, compared to the consensus estimate of $366.99 million. During the same period in the previous year, the company posted $2.79 earnings per share. Piper Sandler Companies's revenue for the quarter was up 14.7% on a year-over-year basis.
Piper Sandler Companies Price Performance
NYSE PIPR traded down $5.14 during mid-day trading on Friday, hitting $251.05. The stock had a trading volume of 80,538 shares, compared to its average volume of 120,021. The company has a market capitalization of $4.46 billion, a P/E ratio of 24.56 and a beta of 1.50. Piper Sandler Companies has a 52-week low of $201.97 and a 52-week high of $351.80.
Piper Sandler Companies Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.04%. Piper Sandler Companies's payout ratio is 22.73%.
Analysts Set New Price Targets
PIPR has been the topic of a number of research reports. JMP Securities restated a "market perform" rating on shares of Piper Sandler Companies in a report on Monday. The Goldman Sachs Group decreased their target price on shares of 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.
View Our Latest Research Report on Piper Sandler Companies
About Piper Sandler Companies
(
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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