PIPR Stock - Piper Sandler Companies
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $1.48B | $1.31B | $1.38B | $1.98B | $1.20B |
| Gross Profit | $1.48B | $1.30B | $1.37B | $1.97B | $1.18B |
| Gross Margin | 99.6% | 99.2% | 99.3% | 99.5% | 98.8% |
| Operating Income | $218.41M | $122.59M | $134.37M | $441.51M | $68.55M |
| Net Income | $181.11M | $85.49M | $110.67M | $278.51M | $40.50M |
| Net Margin | 12.2% | 6.5% | 8.0% | 14.0% | 3.4% |
| EPS | $11.44 | $5.72 | $7.92 | $19.52 | $2.94 |
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. The company offers investment banking and institutional sales, trading, and research services for various equity and fixed income products. It provides advisory services, such as mergers and acquisitions, equity private placements, and debt and restructuring advisory; raises capital through equity and debt financings; underwrites municipal issuances; and offers municipal financial advisory and loan placement services, as well as various over-the-counter derivative products. The company also offers public finance investment banking services that focus on state and local governments, and cultural and social service non-profit entities, as well as the education, healthcare, hospitality, senior living, and transportation sectors. In addition, it provides equity and fixed income advisory and trade execution services for institutional investors, and government and non-profit entities. Further, the company is involved in the alternative asset management funds merchant banking and healthcare to invest firm capital and to manage capital from outside investors, as well as trading activities. The company was formerly known as Piper Jaffray Companies and changed its name to Piper Sandler Companies in January 2020. Piper Sandler Companies was founded in 1895 and is headquartered in Minneapolis, Minnesota.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| November 10th 2025 | Goldman | Upgrade | Buy | $386 |
| July 10th 2025 | Wolfe Research | Upgrade | Outperform | $339 |
| January 6th 2025 | Goldman | Downgrade | Neutral | $317 |
| January 10th 2024 | JMP Securities | Downgrade | Market Perform | - |
| December 19th 2023 | Northland Capital | Downgrade | Market Perform | - |
| July 11th 2022 | Wolfe Research | Downgrade | Peer Perform | $132 |
Earnings History & Surprises
PIPREPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 30, 2026 | — | — | — | — |
Q1 2026 | Jan 30, 2026 | $4.67 | — | — | — |
Q4 2025 | Oct 31, 2025 | $2.96 | $3.82 | +29.1% | ✓ BEAT |
Q3 2025 | Aug 1, 2025 | $1.99 | $2.95 | +48.2% | ✓ BEAT |
Q2 2025 | May 2, 2025 | $2.42 | $4.09 | +69.0% | ✓ BEAT |
Q1 2025 | Jan 31, 2025 | $3.99 | $4.80 | +20.3% | ✓ BEAT |
Q4 2024 | Oct 25, 2024 | $2.68 | $2.57 | -4.1% | ✗ MISS |
Q3 2024 | Aug 2, 2024 | $2.25 | $2.52 | +12.0% | ✓ BEAT |
Q2 2024 | Apr 26, 2024 | $2.19 | $2.79 | +27.4% | ✓ BEAT |
Q1 2024 | Feb 2, 2024 | $2.60 | $4.03 | +55.0% | ✓ BEAT |
Q4 2023 | Oct 27, 2023 | $1.70 | $1.76 | +3.5% | ✓ BEAT |
Q3 2023 | Jul 28, 2023 | $1.07 | $1.13 | +5.6% | ✓ BEAT |
Q2 2023 | May 2, 2023 | $1.39 | $2.35 | +69.1% | ✓ BEAT |
Q1 2023 | Feb 3, 2023 | $2.54 | $3.33 | +31.1% | ✓ BEAT |
Q4 2022 | Oct 28, 2022 | $2.08 | $2.32 | +11.5% | ✓ BEAT |
Q3 2022 | Jul 29, 2022 | $2.29 | $2.47 | +7.9% | ✓ BEAT |
Q2 2022 | Apr 29, 2022 | $2.80 | $3.12 | +11.4% | ✓ BEAT |
Q1 2022 | Feb 10, 2022 | $5.23 | $7.84 | +49.9% | ✓ BEAT |
Q4 2021 | Oct 29, 2021 | $3.60 | $4.55 | +26.4% | ✓ BEAT |
Q3 2021 | Jul 30, 2021 | $3.45 | $5.37 | +55.7% | ✓ BEAT |
Latest News
Goldman Sachs Upgrades Piper Sandler to Buy, Raises Price Target to $386
📈 PositivePiper Sandler Q3 Adj. EPS $3.82 Beats $3.21 Estimate, Sales $479.276M Beat $413.917M Estimate
📈 PositivePiper Sandler Enters Definitive Agreement To Acquire MENA Growth Partners; Financial Terms Not Disclosed
📈 PositiveFrequently Asked Questions about PIPR
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