Piper Sandler Companies (NYSE:PIPR) Posts Earnings Results, Misses Expectations By $0.06 EPS

Piper Sandler Companies (NYSE:PIPR) issued its quarterly earnings data on Friday. The company reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.06), FiscalAI reports. The business had revenue of $456.04 million during the quarter, compared to analysts’ expectations of $467.39 million. Piper Sandler Companies had a return on equity of 21.92% and a net margin of 14.51%. The company’s quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter last year, the business posted $3.82 EPS.

Here are the key takeaways from Piper Sandler Companies’ conference call:

• Piper Sandler reported record third-quarter advisory revenue of $250 million, up 18% year over year, supported by financial services, energy, power and infrastructure, and healthcare. Corporate investment banking revenue reached a quarterly record of $307 million.
• Private equity advisory revenue grew 17% year over year despite declines in broader sponsor-market activity, while the private capital advisory group posted its best quarter and has already surpassed its full-year 2025 revenue.
• Management expects fourth-quarter advisory revenue to be the strongest of 2026, but still below the prior-year record. Corporate financing is expected to remain below last year as investors become more selective, while fixed-income revenue is projected to be consistent with the third quarter.
• Higher interest rates significantly pressured public finance, with municipal financing revenue down 36% year over year and 50% sequentially as transactions were delayed or downsized. Management expects only a modest fourth-quarter improvement while issuers adjust to the rate environment.
• The company returned $268 million to shareholders during the first nine months and approved a new $200 million share-repurchase authorization through 2028, along with a quarterly dividend of $0.20 per share.

Piper Sandler Companies Trading Down 7.6%

PIPR traded down $5.21 during trading on Friday, reaching $63.51. The stock had a trading volume of 1,575,127 shares, compared to its average volume of 682,650. The company has a market capitalization of $4.49 billion, a price-to-earnings ratio of 14.72, a P/E/G ratio of 2.02 and a beta of 1.43. The stock’s 50 day moving average is $70.04 and its two-hundred day moving average is $77.30. Piper Sandler Companies has a one year low of $61.35 and a one year high of $95.07.

Analyst Ratings Changes

A number of analysts have recently issued reports on PIPR shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Piper Sandler Companies in a report on Monday, August 17th. Zacks Research lowered Piper Sandler Companies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 13th. Finally, The Goldman Sachs Group set a $80.00 target price on shares of Piper Sandler Companies and gave the stock a “buy” rating in a research note on Thursday, October 1st. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Piper Sandler Companies presently has an average rating of “Hold” and a consensus target price of $90.81.

Piper Sandler Companies Company Profile

Piper Sandler Companies (NYSE:PIPR) is an investment banking and institutional securities firm that provides financial services to corporations, financial institutions, public-sector entities, institutional investors and private equity firms. The company offers advisory and capital-raising services, including mergers and acquisitions, equity and debt offerings, restructuring and other strategic transactions.

Its institutional securities activities include equity research, sales and trading, fixed-income services and market-making.