Piper Sandler reports Q1 EPS $2.79, consensus $2.19

Reports Q1 revenue $343.06M, consensus $314.96M. “Net revenues of over $330 million for the first quarter of 2024 represent a solid start to the year. While market headwinds persist, we are encouraged by the improvement in advisory and equity capital markets,” said Chad Abraham, chairman and chief executive officer. “We continue to focus on growing our platform for the long term while providing near-term value to our shareholders. During the quarter, we added several senior hires, and we returned $88 million of capital to our shareholders through share repurchases and dividends.”