Piper Sandler

The following is a summary of the Piper Sandler Companies (PIPR) Q4 2023 Earnings Call Transcript: Financial Performance: Piper Sandler reported Q4 net revenues of $457 million, up 49% from the prior quarter and 17% from the same time last year, largely due to strong performance in their advisory business. Net revenues for the year totaled $1.3 billion, a decrease of 7% compared to 2022. The company had an operating income of $99 million and an operating margin of 21.7% for Q4 2023; for the year, these figures were $213 million and 16% respectively. Income tax rate for the quarter was 26.7% and for the year was 19.9% with net income being at $72 million for the quarter and $166 million for the year. The GAAP results for Q4 2023 include a $5.2 million non-compensation-related expense related to potential regulatory settlements and a $3.8 million restructuring charge associated with headcount […]

Piper Sandler (NYSE:PIPR) reported quarterly earnings of $4.03 per share which beat the analyst consensus estimate of $2.60 by 55 percent. This is a 21.02 percent increase over earnings of $3.33 per share from the same period last year. The company reported quarterly sales of $471.85 million which beat the analyst consensus estimate of $370.12 million by 27.49 percent. This is a 20.66 percent increase over sales of $391.05 million the same period last year.

Piper Sandler Companies (NYSE:PIPR) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/10/2024 — JMP Securities Downgrades Market Outperform → Market Perform 12/19/2023 — Northland Capital Markets Downgrades Outperform → Market Perform 12/19/2023 14.2% Goldman Sachs $171 → $193 Maintains Buy 10/30/2023 0.59% JMP Securities → $170 Reiterates Market Outperform → Market Outperform 10/10/2023 0.59% JMP Securities → $170 Reiterates Market Outperform → Market Outperform 07/31/2023 0.59% JMP Securities → $170 Reiterates Market Outperform → Market Outperform 07/10/2023 0.59% JMP Securities $174 → $170 Maintains Market Outperform 05/03/2023 2.96% JMP Securities → $174 Reiterates → Market Outperform 04/10/2023 2.96% JMP Securities $180 → $174 Maintains Market Outperform 03/29/2023 -11.24% Northland Capital Markets $160 → $150 Maintains Outperform 02/06/2023 1.78% Goldman Sachs $153 → $172 Maintains Buy 02/06/2023 -5.33% Northland Capital Markets $135 → $160 Maintains Outperform 02/06/2023 6.51% JMP Securities $160 →

Piper Sandler Companies (NYSE:PIPR) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/19/2023 11.75% Goldman Sachs $171 → $193 Maintains Buy 10/30/2023 -1.56% JMP Securities → $170 Reiterates Market Outperform → Market Outperform 10/10/2023 -1.56% JMP Securities → $170 Reiterates Market Outperform → Market Outperform 07/31/2023 -1.56% JMP Securities → $170 Reiterates Market Outperform → Market Outperform 07/10/2023 -1.56% JMP Securities $174 → $170 Maintains Market Outperform 05/03/2023 0.75% JMP Securities → $174 Reiterates → Market Outperform 04/10/2023 0.75% JMP Securities $180 → $174 Maintains Market Outperform 03/29/2023 -13.14% Northland Capital Markets $160 → $150 Maintains Outperform 02/06/2023 -0.41% Goldman Sachs $153 → $172 Maintains Buy 02/06/2023 -7.35% Northland Capital Markets $135 → $160 Maintains Outperform 02/06/2023 4.23% JMP Securities $160 → $180 Maintains Market Outperform 01/10/2023 -7.35% JMP Securities $178 → $160 Maintains Market Outperform 07/12/2022 3.07% JMP Securities $182 →

Piper Sandler Companies Q3 Adj. EPS $1.76 Beats $1.58 Estimate, Revenue $306.2M Beats $298.822M Estimate。

Piper Sandler (PIPR) reported Q3 adjusted earnings Friday of $1.76 per diluted share, down from $2.32 a year earlier. Four analysts polled by Capital IQ expected $1.58. Total revenue for the quarter ended Sept. 30 was $292 million, down from $334.4 million a year earlier. Four analysts surveyed by Capital IQ expected $298.8 million. The investment firm said it has retained its quarterly dividend at $0.60, payable Dec. 8 to shareholders of record on Nov. 21.