Piper Sandler Companies (PIPR) Projected to Post Quarterly Earnings on Friday

Piper Sandler Companies (NYSE:PIPR) is expected to be announcing its earnings results before the market opens on Friday, January 31st. Analysts expect the company to announce earnings of $3.99 per share and revenue of $454.36 million for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Piper Sandler Companies (NYSE:PIPR) last posted its earnings results on Friday, October 25th. The financial services provider reported $2.57 earnings per share for the quarter, beating 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 net margin of 10.84% and a return on equity of 16.06%. 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 Trading Up 2.9 %

Shares of NYSE PIPR traded up $8.81 during midday trading on Tuesday, reaching $311.07. 38,197 shares of the stock were exchanged, compared to its average volume of 86,951. The company has a market capitalization of $5.53 billion, a P/E ratio of 33.23 and a beta of 1.46. Piper Sandler Companies has a 52-week low of $171.70 and a 52-week high of $351.80. The stock has a 50 day moving average price of $300.00 and a 200-day moving average price of $312.45.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PIPR. StockNews.com downgraded shares of Piper Sandler Companies from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. The Goldman Sachs Group downgraded shares of Piper Sandler Companies from a “buy” rating to a “neutral” rating and set a $317.00 price target 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.