Perella Weinberg Partners (NASDAQ:PWP) Posts Earnings Results, Beats Estimates By $0.22 EPS

Perella Weinberg Partners (NASDAQ:PWP) posted its quarterly earnings results on Thursday. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.22, Zacks reports. Perella Weinberg Partners had a negative return on equity of 35.84% and a net margin of 3.19%. The company had revenue of $251.37 million for the quarter, compared to the consensus estimate of $172.82 million.

Here are the key takeaways from Perella Weinberg Partners’ conference call:

• Third-quarter revenue rose 53% year over year to $251 million, led by M&A, which nearly doubled from the prior-year quarter and increased more than 40% year to date. Management cited strength in consumer, industrials, energy, and financial institutions.
• Visibility into future revenue improved, with announced and pending backlog nearly three times last year’s level, total booked plus announced and pending backlog up about 30%, and gross backlog under engagement letters up 40%. Management expects some of this backlog to convert in early 2027.
• The firm reported broad-based activity, including a 50% increase in fee-paying clients and nearly 80% growth in fee events exceeding $5 million. The Gleacher Shacklock acquisition has already contributed six announced U.K. transactions since closing on September 1.
• Management reiterated its 67% full-year adjusted compensation margin target and expects full-year adjusted non-compensation expenses to decline by a single-digit percentage from 2025. The company ended the quarter with $150 million of cash and no debt.
• Perella Weinberg said it is focused on long-term standalone growth through hiring, internal promotions, and selective acquisitions, while denying that it has initiated a sale process. Executives expect higher rates to be manageable if increases are gradual, but warned that sharp rate moves could pressure valuations and highly leveraged transactions.

Perella Weinberg Partners Stock Performance

NASDAQ:PWP traded up $1.10 on Thursday, reaching $14.04. The company’s stock had a trading volume of 1,784,804 shares, compared to its average volume of 1,291,863. Perella Weinberg Partners has a 1-year low of $12.13 and a 1-year high of $25.92. The business’s 50-day moving average price is $14.85 and its two-hundred day moving average price is $17.48. The firm has a market cap of $1.32 billion, a PE ratio of 53.99 and a beta of 1.63.

Perella Weinberg Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Friday, August 28th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Friday, August 28th. Perella Weinberg Partners’s payout ratio is presently 107.69%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PWP. Weiss Ratings lowered Perella Weinberg Partners from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, October 14th. Wall Street Zen lowered Perella Weinberg Partners from a “buy” rating to a “hold” rating in a research report on Saturday, October 3rd. The Goldman Sachs Group upped their price target on Perella Weinberg Partners from $14.50 to $16.00 and gave the company a “sell” rating in a research note on Monday, August 3rd. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $21.00 price target (up from $19.00) on shares of Perella Weinberg Partners in a research report on Monday, August 3rd. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Perella Weinberg Partners presently has a consensus rating of “Hold” and an average price target of $22.00.

Insider Activity at Perella Weinberg Partners

In other news, CEO Andrew Bednar sold 77,753 shares of Perella Weinberg Partners stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $17.41, for a total transaction of $1,353,679.73. Following the transaction, the chief executive officer owned 1,061,260 shares in the company, valued at $18,476,536.60. The trade was a 6.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 235,697 shares of company stock worth $4,080,379 over the last quarter. Company insiders own 26.10% of the company’s stock.

About Perella Weinberg Partners

Perella Weinberg Partners (NASDAQ: PWP) is an independent investment banking and financial services firm that provides strategic and financial advice to corporations, financial institutions, governments, and other organizations. The firm focuses on complex, high-value transactions and situations that require specialized advice and senior-level expertise.

Its services include mergers and acquisitions, strategic transactions, financial restructurings, capital markets advisory, and private capital advisory.