PJT Partners (PJT) to Release Quarterly Earnings on Tuesday

PJT Partners (NYSE:PJT) is set to announce its earnings results before the market opens on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.74 per share for the quarter.

PJT Partners (NYSE:PJT) last announced its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.49. PJT Partners had a net margin of 7.96% and a return on equity of 18.04%. The company had revenue of $360.00 million during the quarter, compared to the consensus estimate of $281.93 million. During the same quarter in the previous year, the company posted $0.99 earnings per share. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, analysts expect PJT Partners to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

PJT Partners Trading Down 0.6 %

PJT traded down $0.85 during trading hours on Tuesday, hitting $146.16. The company’s stock had a trading volume of 1,537 shares, compared to its average volume of 231,647. PJT Partners has a fifty-two week low of $71.47 and a fifty-two week high of $151.10. The company has a 50-day simple moving average of $130.18 and a 200 day simple moving average of $115.05. The firm has a market capitalization of $3.51 billion, a PE ratio of 40.62 and a beta of 0.61.

PJT Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend was Wednesday, September 4th. PJT Partners’s dividend payout ratio is presently 27.55%.

Insider Activity at PJT Partners

In related news, Director Emily K. Rafferty sold 1,696 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $130.79, for a total value of $221,819.84. Following the completion of the transaction, the director now directly owns 7,404 shares in the company, valued at approximately $968,369.16. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other PJT Partners news, Director Emily K. Rafferty sold 1,696 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $130.79, for a total transaction of $221,819.84. Following the completion of the transaction, the director now owns 7,404 shares in the company, valued at $968,369.16. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Grace Reksten Skaugen sold 2,015 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $124.86, for a total value of $251,592.90. Following the completion of the sale, the director now owns 500 shares in the company, valued at $62,430. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,297 shares of company stock worth $3,092,668 over the last three months. Company insiders own 10.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $128.00 price target (up previously from $108.00) on shares of PJT Partners in a research report on Wednesday, July 31st. UBS Group lifted their price target on PJT Partners from $110.00 to $120.00 and gave the company a “sell” rating in a report on Tuesday, October 8th. JMP Securities increased their target price on shares of PJT Partners from $142.00 to $150.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 9th. Finally, The Goldman Sachs Group increased their price target on PJT Partners from $115.00 to $132.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $123.80.

PJT Partners Company Profile

PJT Partners Inc, an investment bank, provides various strategic and capital markets advisory, restructuring and special situations, and shareholder advisory services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers advisory services to clients on various transactions, including mergers and acquisitions (M&A), spin-offs, activism defense, contested M&A, joint ventures, minority investments, and divestitures.