PJT Partners (PJT) to Release Earnings on Tuesday

PJT Partners (NYSE:PJT) will be releasing its earnings data before the market opens on Tuesday, October 29th. Analysts expect PJT Partners to post earnings of $0.74 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

PJT Partners (NYSE:PJT) last issued its earnings results on Tuesday, July 30th. The financial services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.49. The firm had revenue of $360.00 million for the quarter, compared to analysts’ expectations of $281.93 million. PJT Partners had a net margin of 7.96% and a return on equity of 18.04%. The firm’s revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.99 earnings per share. 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 Stock Down 1.6 %

Shares of NYSE:PJT opened at $139.64 on Friday. The firm’s 50 day moving average price is $131.79 and its 200 day moving average price is $116.18. The stock has a market cap of $3.35 billion, a price-to-earnings ratio of 38.47 and a beta of 0.61. PJT Partners has a fifty-two week low of $71.47 and a fifty-two week high of $151.10.

PJT Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th were paid a $0.25 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $1.00 annualized dividend and a yield of 0.72%. PJT Partners’s dividend payout ratio is currently 27.55%.

Insider Buying and Selling

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

Analysts Set New Price Targets

PJT has been the topic of several recent analyst reports. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $128.00 price target (up from $108.00) on shares of PJT Partners in a research note on Wednesday, July 31st. The Goldman Sachs Group increased their price target on shares of PJT Partners from $115.00 to $132.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. UBS Group increased their price target on shares of PJT Partners from $110.00 to $120.00 and gave the company a “sell” rating in a research note on Tuesday, October 8th. Finally, JMP Securities increased their price target on shares of PJT Partners from $142.00 to $150.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.