Piper Sandler Q4 Non-GAAP EPS Exceeds Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2d ago
0mins
Should l Buy PIPR?
Source: seekingalpha
- Earnings Beat: Piper Sandler reported a Q4 Non-GAAP EPS of $6.88, surpassing expectations by $2.12, indicating robust profitability and operational efficiency.
- Significant Revenue Growth: Adjusted revenue reached $635 million, reflecting a 27.3% year-over-year increase and exceeding forecasts by $116.83 million, showcasing the firm's competitive strength in the market.
- Net Revenue Performance: The net revenues for Q4 amounted to $666 million, highlighting successful financial management and market expansion, which further solidifies its position in the financial services sector.
- Optimistic Market Outlook: With biotech funding showing signs of recovery, Piper Sandler is poised for market share gains, and analysts maintain a positive outlook on its future performance, especially with Goldman’s upgrade to Buy.
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Analyst Views on PIPR
Wall Street analysts forecast PIPR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PIPR is 386.00 USD with a low forecast of 386.00 USD and a high forecast of 386.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 331.630
Low
386.00
Averages
386.00
High
386.00
Current: 331.630
Low
386.00
Averages
386.00
High
386.00
About PIPR
Piper Sandler Companies is an investment bank and institutional securities firm, serving the needs of corporations, private equity groups, public entities, non-profit entities and institutional investors in the United States and internationally. The Company operates in one segment, providing investment banking services, institutional sales and trading services for various equity and fixed income products, and research services. It provides a broad set of products and services, including financial advisory services; equity and debt capital markets products; public finance services; institutional brokerage services; fundamental equity and macro research services; fixed income services; and alternative asset management strategies. The Company operates alternative asset management funds in merchant banking and healthcare in order to invest firm capital and to manage capital from outside investors. It offers both equity and fixed income advisory and trade execution services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Piper Sandler Q4 2025 Earnings Highlights
- Record Performance: Piper Sandler achieved adjusted net revenues of $635 million in Q4 2025, reflecting a 27% year-over-year increase and a 27.2% operating margin, demonstrating strong market execution and growth potential.
- Strong Advisory Business: The company reported over $1 billion in advisory revenues, accounting for 55% of total net revenues, marking its sustained leadership in the advisory sector and laying the groundwork for future revenue growth.
- Increased Shareholder Returns: In 2025, Piper Sandler returned $239 million to shareholders through stock buybacks and dividends, and the Board approved a 4-for-1 stock split to enhance liquidity and attract a broader range of investors.
- Optimistic Outlook: Management expressed a positive outlook for 2026, anticipating continued growth in advisory revenues and setting a target to exceed $2 billion in annual investment banking revenues in the coming years, reflecting confidence in market opportunities.
See More
Piper Sandler Declares Quarterly and Special Cash Dividends
- Quarterly Dividend Consistency: Piper Sandler declares a quarterly dividend of $0.70 per share, consistent with previous distributions, indicating stable cash flow and profitability, which enhances investor confidence.
- Special Cash Dividend Announcement: The company also announces a special cash dividend of $5.00 per share, bringing the total dividend for fiscal year 2025 to $7.70 per share, with a payout ratio of 43% of adjusted net income, reflecting the company's commitment to shareholder returns.
- Dividend Yield Analysis: The forward yield stands at 0.84%, which, while relatively low, may attract income-seeking investors due to the stable dividend policy, thereby enhancing the company's appeal in the capital markets.
- Shareholder Record and Payment Dates: The dividend will be payable on March 13, with a record date of March 3 and an ex-dividend date also on March 3, ensuring shareholders receive their dividends promptly, further solidifying shareholder relations.
See More
Piper Sandler Q4 Non-GAAP EPS Exceeds Expectations
- Earnings Beat: Piper Sandler reported a Q4 Non-GAAP EPS of $6.88, surpassing expectations by $2.12, indicating robust profitability and operational efficiency.
- Significant Revenue Growth: Adjusted revenue reached $635 million, reflecting a 27.3% year-over-year increase and exceeding forecasts by $116.83 million, showcasing the firm's competitive strength in the market.
- Net Revenue Performance: The net revenues for Q4 amounted to $666 million, highlighting successful financial management and market expansion, which further solidifies its position in the financial services sector.
- Optimistic Market Outlook: With biotech funding showing signs of recovery, Piper Sandler is poised for market share gains, and analysts maintain a positive outlook on its future performance, especially with Goldman’s upgrade to Buy.
See More
Piper Sandler Releases Latest Financial Results
- Earnings Release: Piper Sandler Companies (NYSE: PIPR) has released its latest financial results, which can be accessed on their website, indicating the firm's ongoing performance in the investment banking sector.
- Conference Call Scheduled: The company will hold an earnings conference call on February 6, 2026, at 7:00 a.m. CT, allowing investors to dial in at 800 330-6710 (U.S.) or +1 312 471-1353 (international) to receive timely financial updates.
- Playback Availability: A playback of the call will be available approximately three hours after the event on the company's website, enhancing transparency and meeting investor demand for information.
- Shareholder Information: Additional details regarding the stock split can be found on the shareholder information page of the company’s website, reflecting the firm's commitment to shareholder interests and transparency.
See More
Piper Sandler Companies Releases Financial Results
- Earnings Release: Piper Sandler Companies released its latest financial results on February 6, 2026, with detailed information available on its website, indicating the firm's continued stable performance in the investment banking sector.
- Conference Call Schedule: The company will hold an earnings conference call on February 6, 2026, at 7:00 a.m. CT, allowing investors to dial in at 800 330-6710 (U.S.) or +1 312 471-1353 (international) to ensure transparent communication of information.
- Playback Availability: A playback of the earnings call will be accessible on the company's website approximately three hours after the event, providing investors with further insights into the company's financial status and future outlook.
- Shareholder Information: For more details regarding the stock split, investors can visit the shareholder information page on the company's website, ensuring timely updates on corporate developments for shareholders.
See More
Roblox Viewed as a High-Potential Stock by Cathie Wood
- Market Volatility Impact: Roblox Corporation (NYSE:RBLX) has been affected by recent market volatility, with Piper Sandler describing the January 30 selloff as exaggerated, reflecting concerns over broader software weakness and new AI capabilities.
- Discounted Valuation: Despite challenges, Piper Sandler notes that Roblox is currently trading at a discounted valuation relative to its earnings, suggesting potential investment opportunities ahead of upcoming earnings reports.
- Price Target Adjustment: Wedbush lowered its price target for Roblox from $165 to $110 while maintaining an 'Outperform' rating, indicating strong user engagement despite headwinds from summer comparisons.
- Financial Forecast Downgrade: Wedbush revised its FY26 estimates, cutting bookings growth from 24% to 18% and adjusting EBITDA margin from 23% to 21%, signaling that management may guide below Street expectations for the fourth quarter.
See More
Piper Sandler Q4 2025 Earnings Highlights
- Record Performance: Piper Sandler achieved adjusted net revenues of $635 million in Q4 2025, reflecting a 27% year-over-year increase and a 27.2% operating margin, demonstrating strong market execution and growth potential.
- Strong Advisory Business: The company reported over $1 billion in advisory revenues, accounting for 55% of total net revenues, marking its sustained leadership in the advisory sector and laying the groundwork for future revenue growth.
- Increased Shareholder Returns: In 2025, Piper Sandler returned $239 million to shareholders through stock buybacks and dividends, and the Board approved a 4-for-1 stock split to enhance liquidity and attract a broader range of investors.
- Optimistic Outlook: Management expressed a positive outlook for 2026, anticipating continued growth in advisory revenues and setting a target to exceed $2 billion in annual investment banking revenues in the coming years, reflecting confidence in market opportunities.
See More
Piper Sandler Declares Quarterly and Special Cash Dividends
- Quarterly Dividend Consistency: Piper Sandler declares a quarterly dividend of $0.70 per share, consistent with previous distributions, indicating stable cash flow and profitability, which enhances investor confidence.
- Special Cash Dividend Announcement: The company also announces a special cash dividend of $5.00 per share, bringing the total dividend for fiscal year 2025 to $7.70 per share, with a payout ratio of 43% of adjusted net income, reflecting the company's commitment to shareholder returns.
- Dividend Yield Analysis: The forward yield stands at 0.84%, which, while relatively low, may attract income-seeking investors due to the stable dividend policy, thereby enhancing the company's appeal in the capital markets.
- Shareholder Record and Payment Dates: The dividend will be payable on March 13, with a record date of March 3 and an ex-dividend date also on March 3, ensuring shareholders receive their dividends promptly, further solidifying shareholder relations.
See More
Piper Sandler Q4 Non-GAAP EPS Exceeds Expectations
- Earnings Beat: Piper Sandler reported a Q4 Non-GAAP EPS of $6.88, surpassing expectations by $2.12, indicating robust profitability and operational efficiency.
- Significant Revenue Growth: Adjusted revenue reached $635 million, reflecting a 27.3% year-over-year increase and exceeding forecasts by $116.83 million, showcasing the firm's competitive strength in the market.
- Net Revenue Performance: The net revenues for Q4 amounted to $666 million, highlighting successful financial management and market expansion, which further solidifies its position in the financial services sector.
- Optimistic Market Outlook: With biotech funding showing signs of recovery, Piper Sandler is poised for market share gains, and analysts maintain a positive outlook on its future performance, especially with Goldman’s upgrade to Buy.
See More
Piper Sandler Releases Latest Financial Results
- Earnings Release: Piper Sandler Companies (NYSE: PIPR) has released its latest financial results, which can be accessed on their website, indicating the firm's ongoing performance in the investment banking sector.
- Conference Call Scheduled: The company will hold an earnings conference call on February 6, 2026, at 7:00 a.m. CT, allowing investors to dial in at 800 330-6710 (U.S.) or +1 312 471-1353 (international) to receive timely financial updates.
- Playback Availability: A playback of the call will be available approximately three hours after the event on the company's website, enhancing transparency and meeting investor demand for information.
- Shareholder Information: Additional details regarding the stock split can be found on the shareholder information page of the company’s website, reflecting the firm's commitment to shareholder interests and transparency.
See More
Piper Sandler Companies Releases Financial Results
- Earnings Release: Piper Sandler Companies released its latest financial results on February 6, 2026, with detailed information available on its website, indicating the firm's continued stable performance in the investment banking sector.
- Conference Call Schedule: The company will hold an earnings conference call on February 6, 2026, at 7:00 a.m. CT, allowing investors to dial in at 800 330-6710 (U.S.) or +1 312 471-1353 (international) to ensure transparent communication of information.
- Playback Availability: A playback of the earnings call will be accessible on the company's website approximately three hours after the event, providing investors with further insights into the company's financial status and future outlook.
- Shareholder Information: For more details regarding the stock split, investors can visit the shareholder information page on the company's website, ensuring timely updates on corporate developments for shareholders.
See More
Roblox Viewed as a High-Potential Stock by Cathie Wood
- Market Volatility Impact: Roblox Corporation (NYSE:RBLX) has been affected by recent market volatility, with Piper Sandler describing the January 30 selloff as exaggerated, reflecting concerns over broader software weakness and new AI capabilities.
- Discounted Valuation: Despite challenges, Piper Sandler notes that Roblox is currently trading at a discounted valuation relative to its earnings, suggesting potential investment opportunities ahead of upcoming earnings reports.
- Price Target Adjustment: Wedbush lowered its price target for Roblox from $165 to $110 while maintaining an 'Outperform' rating, indicating strong user engagement despite headwinds from summer comparisons.
- Financial Forecast Downgrade: Wedbush revised its FY26 estimates, cutting bookings growth from 24% to 18% and adjusting EBITDA margin from 23% to 21%, signaling that management may guide below Street expectations for the fourth quarter.
See More
