Piper Sandler Companies (NYSE:PIPR) has earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Brokers have set a one year consensus target price of $70.00 for the company and are expecting that the company will post $0.55 earnings per share for the current quarter, according to Zacks. Zacks has also given Piper Sandler Companies an industry rank of 72 out of 254 based on the ratings given to its competitors.

Separately, ValuEngine downgraded Piper Sandler Companies from a “hold” rating to a “sell” rating in a report on Thursday, April 2nd.

NYSE:PIPR traded down $0.57 on Thursday, reaching $61.04. 715,194 shares of the company’s stock were exchanged, compared to its average volume of 111,423. The business has a fifty day simple moving average of $58.41. The company has a quick ratio of 0.27, a current ratio of 1.38 and a debt-to-equity ratio of 0.22. Piper Sandler Companies has a 52-week low of $31.95 and a 52-week high of $87.45. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 8.33 and a beta of 1.37.

Piper Sandler Companies (NYSE:PIPR) last released its earnings results on Friday, May 1st. The company reported $1.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.23. Piper Sandler Companies had a net margin of 8.58% and a return on equity of 14.01%. The firm had revenue of $240.38 million for the quarter, compared to analyst estimates of $245.30 million. As a group, research analysts anticipate that Piper Sandler Companies will post 4.07 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date was Thursday, May 28th. Piper Sandler Companies’s dividend payout ratio (DPR) is 10.87%.

About Piper Sandler Companies

Piper Sandler Companies operates as an investment bank and asset management firm that serves corporations, private equity groups, public entities, non-profit entities, and institutional investors in the United States and internationally. The company's Capital Markets segment offers investment banking and institutional sales, trading, and research services for various equity and fixed income products.

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