Piper Sandler Companies (NYSE:PIPR) Releases Earnings Results

Posted by Tech Dows on Jan 31st, 2025

Piper Sandler Companies (NYSE:PIPR – Get Free Report) announced its quarterly earnings data on Friday. The financial services provider reported $4.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.99 by $0.81, Zacks reports. Piper Sandler Companies had a net margin of 10.84% and a return on equity of 16.06%.

Piper Sandler Companies Stock Up 4.9 %

Piper Sandler Companies stock traded up $15.15 during mid-day trading on Friday, hitting $325.16. 74,829 shares of the company’s stock were exchanged, compared to its average volume of 87,921. The firm has a market capitalization of $5.78 billion, a P/E ratio of 34.77 and a beta of 1.46. The company’s 50 day simple moving average is $300.81 and its 200-day simple moving average is $312.77. Piper Sandler Companies has a fifty-two week low of $171.70 and a fifty-two week high of $351.80.

Analysts Set New Price Targets

A number of research analysts have issued reports on PIPR shares. StockNews.com cut 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.

Check Out Our Latest Stock Report on PIPR

Piper Sandler Companies Company Profile

(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.