Piper Sandler Companies (NYSE:PIPR) Announces Earnings Results

Piper Sandler Companies (NYSE:PIPR) announced its quarterly earnings data on Friday. The financial services provider reported $4.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.99 by $0.81, Zacks reports. Piper Sandler Companies had a return on equity of 16.06% and a net margin of 10.84%. During the same period in the previous year, the firm posted $4.03 earnings per share.

Piper Sandler Companies Stock Performance

PIPR opened at $317.62 on Friday. Piper Sandler Companies has a one year low of $171.70 and a one year high of $351.80. The company has a market cap of $5.65 billion, a P/E ratio of 33.93 and a beta of 1.46. The business’s 50-day simple moving average is $301.34 and its 200-day simple moving average is $313.16.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. The Goldman Sachs Group cut shares of Piper Sandler Companies from a “buy” rating to a “neutral” rating and set a $317.00 target price on the stock. in a report on Monday, January 6th. StockNews.com lowered shares of Piper Sandler Companies from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th.

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.