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

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

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 Stock Down 7.6%

Shares of PIPR opened at $63.51 on Friday. The firm’s fifty day moving average is $69.85 and its two-hundred day moving average is $77.16. The stock has a market cap of $4.49 billion, a PE ratio of 14.94, a price-to-earnings-growth ratio of 1.93 and a beta of 1.43. Piper Sandler Companies has a 52-week low of $61.35 and a 52-week high of $95.07.

Wall Street Analysts Forecast Growth

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

Trending Headlines about Piper Sandler Companies

Here are the key news stories impacting Piper Sandler Companies this week:

• Positive Sentiment: Piper Sandler’s board authorized up to $200 million in common-stock repurchases through December 31, 2028. The company also repurchased $39.4 million of stock during the quarter at an average price of $74.59 per share, which could support earnings per share and signal management confidence. Piper Sandler Announces $200 Million Share Buyback
• Positive Sentiment: The company declared a quarterly cash dividend of $0.20 per share, payable December 11 to shareholders of record November 24. Advisory services revenue increased 18% year over year to $250.3 million, while fixed-income services revenue rose 5% to $59.8 million. Piper Sandler Reports Third Quarter 2026 Results
• Negative Sentiment: Third-quarter adjusted EPS was $0.87, below the $0.93 consensus estimate, while revenue of $456.0 million missed the $467.4 million forecast. Revenue declined 4.9% year over year, and EPS fell sharply from the prior-year quarter. A separate GAAP presentation reported $443.7 million of revenue and $0.78 diluted EPS, underscoring weaker underlying results. Piper Sandler Q3 Earnings and Revenues Lag Estimates
• Negative Sentiment: Northland Securities cut its EPS forecasts for the fourth quarter of 2026 to $1.22 from $1.44, first quarter of 2027 to $0.97 from $1.17, and second quarter of 2027 to $1.05 from $1.26. The reductions reinforce concerns about weaker earnings momentum and leave the firm’s estimates below prior expectations. Northland Securities Lowers Piper Sandler Earnings Estimates

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.