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Piper Sandler (PIPR)
NYSE:PIPR
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Earnings Data
Report Date
Jan 31, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
3.94Last Year’s EPS
4.03Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 01, 2020
|% Change Since: 5.34%
|Next Earnings Date:Jan 31, 2020
Earnings Call Sentiment|Positive
The earnings call highlighted significant revenue growth across multiple segments, particularly in Corporate Investment Banking, Advisory Services, and Public Finance. However, there were notable challenges in the corporate financing area and the healthcare advisory sector. Overall, the company demonstrated strong performance with positive outlooks in most areas.Company Guidance
During the Piper Sandler Companies Third Quarter 2024 Earnings Conference Call, management provided a comprehensive overview of their financial results and future guidance. The company reported adjusted net revenues of $352 million, an 18.4% operating margin, and an adjusted EPS of $2.57. Corporate Investment Banking revenues were $206 million, marking a 7% year-over-year increase, with M&A and restructuring activities contributing 68% of these revenues. Advisory services also saw a strong performance, with revenues of $188 million, up 22% from the previous year. The public finance business recorded $36 million in municipal financing revenues, up 78% year-over-year, while the equity brokerage business generated $52 million in revenues. Fixed income revenues were $48 million, reflecting a 20% increase from the prior year. The company's Managing Director headcount reached 184, the highest in its history, following the acquisition of Aviditi Advisors. Looking ahead, Piper Sandler anticipates a strong fourth quarter, with expectations for revenues to mirror those of the previous year. The Board approved a quarterly cash dividend of $0.65 per share, reflecting their ongoing commitment to shareholder returns.Record Net Revenues and Growth
Adjusted net revenues of $352 million, a 15% increase compared to the third quarter of last year, and up 19% for the first 9 months of 2024.
Strong Performance in Corporate Investment Banking
Corporate Investment Banking revenues of $206 million during the third quarter increased 7% year-over-year. For the first 9 months of 2024, revenues were up 24%.
Robust Advisory Services Growth
Advisory services revenues were $188 million during the third quarter, up 22% year-over-year, driven by more completed transactions, especially in healthcare and other key verticals.
Public Finance Revenues Surge
Municipal financing revenues were $36 million, up 78% from the prior year quarter, marking the best quarter since 2021.
Increase in Brokerage and Fixed Income Revenues
Equity brokerage revenues grew by 4% over the prior year, while fixed income revenues increased 20% year-over-year.
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PIPR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PIPR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 25, 2024 | $288.93 | $279.99 | -3.09% |
| Aug 02, 2024 | $260.97 | $243.48 | -6.70% |
| Apr 26, 2024 | $190.66 | $195.75 | +2.67% |
| Feb 02, 2024 | $174.58 | $187.79 | +7.57% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Piper Sandler (PIPR) report earnings?
Piper Sandler (PIPR) is schdueled to report earning on Jan 31, 2025, TBA Not Confirmed.
What is Piper Sandler (PIPR) earnings time?
Piper Sandler (PIPR) earnings time is at Jan 31, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PIPR EPS forecast?
PIPR EPS forecast for the fiscal quarter 2024 (Q4) is 3.94.
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