Piper Sandler Companies (NYSE:PIPR – Get Free Report) has been given a consensus rating of “Hold” by the six brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $95.06.
Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Piper Sandler Companies in a research note on Monday, August 17th.
Check Out Our Latest Research Report on Piper Sandler Companies
Institutional Investors Weigh In On Piper Sandler Companies
Piper Sandler Companies Stock Performance
NYSE PIPR opened at $70.90 on Friday. The firm has a market capitalization of $5.01 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 1.68 and a beta of 1.40. Piper Sandler Companies has a one year low of $68.70 and a one year high of $95.07. The company’s 50 day moving average price is $75.18 and its 200 day moving average price is $77.46.
Piper Sandler Companies (NYSE:PIPR – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.16. The company had revenue of $491.14 million during the quarter, compared to analyst estimates of $445.28 million. Piper Sandler Companies had a net margin of 14.51% and a return on equity of 21.92%. The business’s quarterly revenue was up 24.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.92 earnings per share. Sell-side analysts forecast that Piper Sandler Companies will post 4.51 EPS for the current fiscal year.
Piper Sandler Companies Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Friday, August 28th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, August 28th. Piper Sandler Companies’s payout ratio is presently 18.52%.
About Piper Sandler Companies
Piper Sandler Companies (NYSE:PIPR) is an investment banking and financial services firm that provides advisory, capital markets, institutional sales and trading, research, and public finance services. The company serves corporations, private equity firms, institutional investors, government entities, and other public-sector organizations.
Its investment banking activities include mergers and acquisitions advice, equity and debt offerings, private placements, and strategic and financial advisory services.
Further Reading
- Five stocks we like better than Piper Sandler Companies
- Super Micro’s Vera Rubin Shipments Put Its AI Infrastructure Advantage to the Test
- Cintas Raises Guidance as a Major Catalyst Moves Closer
- 3 Space Stocks to Watch as SpaceX Reshapes the Launch Market
- Dave’s Success Has Investors Split
Receive News & Ratings for Piper Sandler Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Piper Sandler Companies and related companies with MarketBeat.com's FREE daily email newsletter.
