Piper Sandler Companies (NYSE:PIPR) Issues Earnings Results, Beats Estimates By $0.26 EPS

Piper Sandler Companies (NYSE:PIPR) posted its quarterly earnings results on Friday. The financial services provider reported $2.52 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.26, Briefing.com reports. Piper Sandler Companies had a return on equity of 13.65% and a net margin of 7.33%. The business had revenue of $357.00 million for the quarter, compared to the consensus estimate of $338.90 million. During the same period in the prior year, the business earned $1.13 EPS. The firm’s revenue for the quarter was up 23.7% on a year-over-year basis.

Piper Sandler Companies Trading Down 6.7 %

PIPR stock traded down $17.57 during trading on Friday, reaching $244.54. 320,900 shares of the stock were exchanged, compared to its average volume of 169,562. The firm has a market cap of $4.33 billion, a P/E ratio of 41.59 and a beta of 1.41. Piper Sandler Companies has a twelve month low of $130.89 and a twelve month high of $280.45. The firm’s 50 day moving average is $251.60 and its 200 day moving average is $224.33.

Insider Transactions at Piper Sandler Companies

In other news, President Debbra L. Schoneman sold 1,022 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $213.27, for a total value of $217,961.94. Following the completion of the sale, the president now directly owns 43,083 shares of the company’s stock, valued at $9,188,311.41. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, General Counsel John W. Geelan sold 1,570 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $211.14, for a total value of $331,489.80. Following the completion of the sale, the general counsel now directly owns 16,854 shares of the company’s stock, valued at $3,558,553.56. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Debbra L. Schoneman sold 1,022 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $213.27, for a total value of $217,961.94. Following the sale, the president now directly owns 43,083 shares of the company’s stock, valued at $9,188,311.41. The disclosure for this sale can be found here. Insiders sold a total of 6,570 shares of company stock valued at $1,393,941 over the last ninety days. 3.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, JMP Securities reaffirmed a “market perform” rating on shares of Piper Sandler Companies in a research note on Tuesday, June 11th.

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.