Stocks · Financial Services · Investment - Banking & Investment Services
Piper Sandler Companies PIPR
$65.63 +0.41% Close, Oct 5, 2026 · NYSE · Market cap $4.41B
Strong growthHigh qualityWeak trendInexpensive vs sector
Next earnings report: Oct 30, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Operating margin widened to 23.2% from 13.9% a year earlier.
- Diluted EPS over the last four quarters was $4.31, up 45.7% year over year.
- Revenue over the last four quarters was $2.10B, up 34.7% from a year earlier.
PromtFinance scores
Each score is a percentile within the Financial Services sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 6, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 11%
- EPS growth (TTM, YoY)Top 22%
- FCF growth (TTM, YoY)Top 1%
- Revenue growth, 3-year CAGRBottom 35%
- Revenue growth accelerationTop 31%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 6%
- Gross marginTop 3%
- Operating marginTop 46%
- Cash conversion (OCF / net income)Top 19%
- Accruals (lower is better)Top 8%
- Net debt / EBITDA (lower is better)Top 24%
- Interest coverTop 2%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 50%
- Free-cash-flow yieldTop 21%
- EBITDA / enterprise valueTop 19%
- Sales / enterprise valueTop 28%
- P/E vs own 5-year history (lower is better)Top 25%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 17%
- 6-month returnBottom 7%
- 1-year return vs S&P 500Bottom 14%
- Distance from 52-week highBottom 16%
- Trend checklist (0–4)Bottom 9%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 11%
- Consecutive EPS beatsTop 20%
- Share of analysts rating BuyBottom 12%
- Upside to consensus price targetTop 32%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 21%
- Maximum drawdown, 3 yearsBottom 26%
- Beta vs S&P 500 (lower is better)Bottom 8%
- Net debt / EBITDA (lower is better)Top 24%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 33.1% | 34.7% | ↑ |
| EPS growth (YoY) | 38.5% | 45.7% | ↑ |
| Gross margin | 99.6% | 96.5% | ↓ |
| Operating margin | 13.9% | 23.2% | ↑ |
| FCF margin | 2.1% | 28.8% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 34.7% | 33.1% | ↑ | Top 11% |
| EPS growth (TTM, YoY) | 45.7% | 38.5% | ↑ | Top 22% |
| Gross margin | 96.5% | 99.6% | ↓ | Top 3% |
| Operating margin | 23.2% | 13.9% | ↑ | Top 46% |
| Net margin | 14.6% | 13.5% | ↑ | — |
| Free-cash-flow margin | 28.8% | 2.1% | ↑ | — |
| Return on invested capital | 19.9% | — | Top 6% | |
| Revenue growth, 3-year CAGR | 11.2% | — | Bottom 35% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 2.03×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -13.6%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 3.8%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -134.7 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- -0.25×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 150.6×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.95%
- Net buyback yield (TTM)
- 2.74%
- Shareholder yield
- 3.70%
- Share count change, 1 year
- +0.5%
- Share count change, 3-year CAGR
- +1.4%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 5, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 6
- Beats in the last 8 reports
- 7 of 8
- Average EPS surprise, last 4
- +25.5%
- Average 2-day reaction, last 8
- +0.4%
- Positive 20 days after report
- 5 of 8
Analysts
- Consensus price target
- $80.00
- Target vs current price
- +21.9%
- Analysts with a rating
- 11
- Share rating Buy or Strong Buy
- 18%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 30, 2026 | +18.9% | +3.2% | +3.2% | +0.8% | — |
| May 1, 2026 | +17.6% | -8.9% | -7.7% | -10.1% | -11.2% |
| Feb 6, 2026 | +45.8% | +9.9% | -3.1% | -11.5% | -6.3% |
| Oct 31, 2025 | +19.8% | -2.4% | +0.5% | +2.7% | +8.1% |
| Aug 1, 2025 | +31.7% | -1.2% | +1.9% | +7.3% | +10.8% |
| May 2, 2025 | +53.8% | +3.7% | +5.5% | +3.6% | +30.4% |
| Jan 31, 2025 | -69.9% | +2.3% | +3.0% | -6.6% | -22.8% |
| Oct 25, 2024 | +1.6% | -3.1% | -2.0% | +17.6% | +5.4% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 30, 2026 | $1.04 | $0.88 | +18.9% | $495.5M |
| May 1, 2026 | $1.00 | $0.85 | +17.6% | $474.4M |
| Feb 6, 2026 | $1.72 | $1.18 | +45.8% | $635.0M |
| Oct 31, 2025 | $0.95 | $0.79 | +19.8% | $455.3M |
| Aug 1, 2025 | $0.74 | $0.56 | +31.7% | $405.4M |
| May 2, 2025 | $1.02 | $0.66 | +53.8% | $357.3M |
| Jan 31, 2025 | $1.20 | $3.99 | -69.9% | $484.1M |
| Oct 25, 2024 | $0.64 | $0.63 | +1.6% | $351.8M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 15.2× | 22.4× | 29th | Top 50% |
| P/E (forward) | 14.2× | — | — | — |
| EV / EBITDA | 8.3× | — | — | Top 19% |
| EV / Sales | 2.04× | — | — | Top 28% |
| Free-cash-flow yield | 13.70% | — | — | Top 21% |
| Earnings yield | 6.57% | — | — | Top 50% |
P/E over the past five years
Range 8.1× – 37.4× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -23.2%
- Earnings per share growth (TTM)
- +45.7%
- Change in P/E multiple
- -35.2%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -1.5%
- 200-day average slope (20 days)
- -1.6%
- Distance from 50-day average
- -11.2%
- Distance from 200-day average
- -17.3%
- RSI (14)
- 31.3
- Relative volume
- 1.02×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 34.3%
- Volatility vs own 5-year history
- 54th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.44
- Correlation with S&P 500
- 0.60
- Current drawdown from 1-year high
- -30.6%
- Maximum drawdown, 3 years
- -39.6%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Nov 19, 2021 | Jul 14, 2022 | -45.6% | 161 days | 391 days (Feb 2, 2024) |
| Nov 25, 2024 | Apr 8, 2025 | -39.6% | 90 days | 109 days (Sep 15, 2025) |
| Jan 22, 2026 | Sep 29, 2026 | -31.5% | 172 days | Not yet recovered |
| Sep 18, 2025 | Nov 17, 2025 | -14.8% | 42 days | 40 days (Jan 15, 2026) |
| Jun 25, 2021 | Jul 19, 2021 | -14.4% | 15 days | 13 days (Aug 5, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $4.41B
- P/E (TTM)
- 15.2
- EPS, diluted (TTM)
- $4.32
- Revenue (TTM)
- $2.10B
- Dividend yield
- 10.36%
- 52-week range
- $62.96 – $95.07
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $1.98B | $1.38B | $1.31B | $1.48B | $1.90B |
| Gross profit | $1.97B | $1.37B | $1.30B | $1.48B | $1.78B |
| Operating income | $441.5M | $134.4M | $122.6M | $218.4M | $385.5M |
| Net income | $278.5M | $110.7M | $85.5M | $181.1M | $281.3M |
| EPS (diluted) | $4.11 | $1.63 | $1.24 | $2.56 | $3.96 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $349.7M | $468.0M | $347.9M | $393.9M | $462.4M | $667.0M | $475.1M | $496.3M |
| Net income | $34.8M | $69.1M | $64.9M | $42.2M | $60.3M | $114.0M | $65.2M | $67.8M |
| EPS (diluted) | $0.49 | $0.97 | $0.91 | $0.60 | $0.85 | $1.60 | $0.92 | $0.95 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $707.1M | -$224.9M | $275.6M | $313.3M | $732.2M |
| Capital expenditure | -$20.6M | -$30.6M | -$10.1M | -$15.5M | -$34.7M |
| Free cash flow | $686.5M | -$255.5M | $265.6M | $297.8M | $697.5M |
| Dividends paid | -$99.3M | -$107.5M | -$84.4M | -$73.7M | -$114.1M |
| Net share buybacks | -$69.9M | -$187.3M | -$70.7M | -$66.4M | -$120.8M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $304.2M
- Total assets
- $2.33B
- Total liabilities
- $759.4M
- Total debt
- $175.0M
- Net debt
- -$129.2M
- Shareholders’ equity
- $1.37B
As of Jun 30, 2026 (filed Aug 5, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Aug 28, 2026 | $0.20 | Sep 11, 2026 |
| May 29, 2026 | $0.20 | Jun 12, 2026 |
| Mar 3, 2026 | $5.70 | Mar 13, 2026 |
| Nov 25, 2025 | $0.70 | Dec 12, 2025 |
| Aug 29, 2025 | $0.70 | Sep 12, 2025 |
| May 30, 2025 | $0.65 | Jun 13, 2025 |
| Mar 4, 2025 | $3.65 | Mar 14, 2025 |
| Nov 22, 2024 | $0.65 | Dec 13, 2024 |
Short interest
- Shares sold short
- 2,410,080
- Days to cover
- 3.89
- Change vs previous report
- -2.4%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Mar 24, 2026
- 4-for-1