Piper Jaffray Companies (NYSE:PJC) boutique investment bank reported results for the quarter ended on Sept. 30, 2012.
Company swung to a third-quarter profit easily beating expectations on stronger banking and brokerage results. Andrew Duff Chief Executive of the company said that strong fixed-income performance in its institutional-brokerage business leads towards support for the results.
From continuing operations net income was$13.5 million, or $0.72 per diluted common share versus $3.8 million, or $0.22 per diluted common share, in the same period of previous year.
Piper Jaffray Companies (NYSE:PJC) traded with volume of 290,900 shares in last session which was unexpectedly higher versus average trading capacity of 74,684.00 shares. The stock traded with opening bell at $27.51, gained the maximum price level of $29.44 and then finished the day at $28.46 by scoring +7.27%.
PJC remained successful in generating revenue of $449.47 million in the trailing twelve months and made net income of -$111.60 million. The Company maintained a negative -23.88% for the net profit margin and in its operating margin it scored -23.21%. Company’s yearly revenue change for the last five years was -1.84%.
The PJC’s price to sales ratio is 1.12 and price to cash ratio is 8.93 for the past 12 months. As far as the returns from the company is concerned, return on assets remained as -5.09%.
The stock showed upbeat performance of +10.40% for the week which was maintained for the month at +5.80%. Likewise the positive performance for the trailing 3 months was recorded as +30.37% and in last year was+ 41.03% while the performance so far in current year remains at +40.89%.
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