Earnings results for Piper Sandler Companies (NYSE:PIPR)
Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJun 2020 , the consensus EPS* forecast has remained the same over the past week at 0.55 and remained the same over the past month at 0.55. none raised and none lowered their forecast. For the fiscal year ending Dec 2020 , the consensus EPS* forecast has remained the same over the past week at 4.07 and remained the same over the past month at 4.07 . none raised and none lowered their forecast.
Piper Sandler Companies last posted its earnings results on May 1st, 2020. The reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.23. The business earned $240.38 million during the quarter, compared to analyst estimates of $245.30 million. Piper Sandler Companies has generated $7.36 earnings per share over the last year and currently has a price-to-earnings ratio of 12.0.
Analyst Opinion on Piper Sandler Companies (NYSE:PIPR)
2 Wall Street analysts have issued ratings and price targets for Piper Sandler Companies in the last 12 months. Their average twelve-month price target is $77.50, suggesting that the stock has a possible upside of 20.16%. The high price target for PIPR is $87.00 and the low price target for PIPR is $68.00. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus rating of “Buy.”
Piper Sandler Companies has received a consensus rating of Buy. The company’s average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $77.50, Piper Sandler Companies has a potential upside of 20.2% from its current price of $64.50. Piper Sandler Companies has only been the subject of 1 research reports in the past 90 days.
Dividend Strength: Piper Sandler Companies (NYSE:PIPR)
Piper Sandler Companies has a dividend yield of 1.25%, which is in the bottom 25% of all stocks that pay dividends. Piper Sandler Companies does not have a long track record of dividend growth. The dividend payout ratio of Piper Sandler Companies is 10.87%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Piper Sandler Companies will have a dividend payout ratio of 15.07% next year. This indicates that Piper Sandler Companies will be able to sustain or increase its dividend.
Insiders buying/selling: Piper Sandler Companies (NYSE:PIPR)
In the past three months, Piper Sandler Companies insiders have not sold or bought any company stock. Only 3.80% of the stock of Piper Sandler Companies is held by insiders. 62.52% of the stock of Piper Sandler Companies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of Piper Sandler Companies (NYSE:PIPR
Earnings for Piper Sandler Companies are expected to grow by 30.47% in the coming year, from $4.07 to $5.31 per share. The P/E ratio of Piper Sandler Companies is 12.03, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.93. The P/E ratio of Piper Sandler Companies is 12.03, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.93. Piper Sandler Companies has a P/B Ratio of 1.15. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
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