Piper Sandler Companies (NYSE:PIPR) Issues Earnings Results

Piper Sandler Companies (NYSE:PIPR) announced its earnings results on Friday. The financial services provider reported $4.80 earnings per share 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%.

Piper Sandler Companies Stock Up 5.0 %

NYSE PIPR traded up $15.36 during trading hours on Friday, hitting $325.37. The company had a trading volume of 74,829 shares, compared to its average volume of 87,921. The business has a fifty day simple moving average of $300.81 and a 200-day simple moving average of $312.77. The firm has a market cap of $5.79 billion, a P/E ratio of 34.77 and a beta of 1.46. Piper Sandler Companies has a fifty-two week low of $171.70 and a fifty-two week high of $351.80.

Analyst Ratings Changes

A number of equities research analysts have weighed in on PIPR shares. The Goldman Sachs Group lowered Piper Sandler Companies from a “buy” rating to a “neutral” rating and set a $317.00 price objective for the company. in a research note on Monday, January 6th. StockNews.com cut shares of Piper Sandler Companies from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th.

About Piper Sandler Companies

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.