Piper Jaffray Companies (PJC) Releases Earnings Results, Misses Expectations By $-0.16 EPS

Piper Jaffray Companies (PJC) reported quarterly earnings results on Thursday, Apr-28-2016. The company reported $0.70 earnings per share for the quarter, missing the analyst consensus estimate by $-0.16. Analysts had a consensus of $0.86. The company posted revenue of $152.20 million in the period, compared to analysts expectations of $153.06 million. The company’s revenue was down -2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.14 EPS.

Piper Jaffray Companies closed down -0.27 points or -0.55% at $48.7 with 1,43,805 shares getting traded on Wednesday. Post opening the session at $48.81, the shares hit an intraday low of $48.07 and an intraday high of $49.19 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Mar 4, 2016, Martin Bradley Winges (CIO and Head of Fixed Income) sold 5,500 shares at $41.35 per share price. According to the SEC, on Nov 25, 2015, Addison L Piper (director) sold 156 shares at $39.48 per share price. On Nov 18, 2015, R Scott Larue (Co-Head Global IB and Cap Mkts) purchased 15,000 shares at $34.58 per share price, according to the Form-4 filing with the securities and exchange commission.

Piper Jaffray Companies is an investment bank and asset management 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 provides products and services including equity and debt capital markets products public finance services financial advisory services equity and fixed income institutional brokerage equity and fixed income research and asset management services. The Company operates through two segments Capital Markets and Asset Management. The Company’s capital markets segment provides investment banking and institutional sales trading and research services for equity and fixed income products. The Company’s Asset Management segment includes traditional asset management business and seed investments in registered funds and private funds or partnerships.

Piper Jaffray Companies

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