Pershing Square (NYSE:PS) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Pershing Square (NYSE:PS) issued its quarterly earnings results on Monday. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.01), FiscalAI reports. The company had revenue of $56.60 million for the quarter.

Pershing Square Trading Up 7.8%

PS stock traded up $3.63 during midday trading on Wednesday, hitting $50.29. The stock had a trading volume of 133,186 shares, compared to its average volume of 404,719. The stock has a market cap of $20.12 billion and a price-to-earnings ratio of 359.21. The stock’s 50-day moving average price is $46.66. Pershing Square has a 52-week low of $22.01 and a 52-week high of $60.40.

Pershing Square Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 20th. Shareholders of record on Monday, October 12th were issued a $0.1030 dividend. This is a drop from Pershing Square’s previous quarterly dividend of $0.1220. The ex-dividend date was Friday, October 9th. This represents a $0.41 annualized dividend and a yield of 0.8%. Pershing Square’s dividend payout ratio (DPR) is currently 292.86%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC purchased a new stake in Pershing Square in the 2nd quarter worth $132,000. Ancora Advisors LLC bought a new stake in shares of Pershing Square during the 2nd quarter worth approximately $302,000. Wedbush Securities Inc. bought a new position in shares of Pershing Square in the second quarter worth about $529,000. Hsbc Holdings PLC purchased a new position in shares of Pershing Square during the second quarter worth approximately $775,000. Finally, Readystate Asset Management LP bought a new stake in Pershing Square during the 2nd quarter valued at $822,000.

Wall Street Analyst Weigh In

A number of analysts have recently commented on PS shares. Weiss Ratings raised shares of Pershing Square from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. UBS Group boosted their price target on Pershing Square from $39.00 to $44.00 and gave the company a “neutral” rating in a research note on Friday, October 23rd. Wall Street Zen downgraded Pershing Square from a “hold” rating to a “sell” rating in a research report on Sunday, October 11th. Citigroup downgraded Pershing Square from a “neutral” rating to a “sell” rating and set a $45.00 price objective on the stock. in a report on Friday, October 9th. Finally, Tigress Financial increased their price objective on Pershing Square from $39.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, September 3rd. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $42.56.

More Pershing Square News

Here are the key news stories impacting Pershing Square this week:

• Positive Sentiment: Underlying results showed growth: Q3 fee-related earnings rose 13% year over year to $63.7 million, while pre-tax distributable earnings increased 8% to $61 million. A separate analysis also pointed to higher fee-paying assets under management and a permanent-capital structure that can limit outflows. Pershing Square’s Q3 2026 Investor Letter
• Positive Sentiment: Pershing Square defended the long-term growth potential of hyperscalers despite their heavy AI infrastructure spending. That view may support its investment thesis, though the articles do not quantify the impact on PS. Pershing Square’s view on hyperscaler spending
• Neutral Sentiment: Pershing Square added seven investments in 2026, but the provided coverage gives limited detail on how the additions may affect portfolio returns. Ackman’s Pershing Square adds seven investments
• Negative Sentiment: Q3 after-tax distributable earnings fell 12% year over year to $49.5 million, or $0.12 per share; EPS also missed the $0.13 consensus estimate. The decline in after-tax earnings contrasts with growth in pre-tax measures. Q3 investor letter
• Negative Sentiment: Valuation is another potential headwind: recent commentary questions whether PS’s price is too high, including as Bill Ackman pursues an exit from housing finance investments. Pershing Square stock valuation and housing finance exit

Pershing Square Company Profile

Pershing Square Holdings, Ltd. is an investment holding company that seeks long-term capital appreciation through a concentrated portfolio of investments in publicly traded companies. The company is managed by Pershing Square Capital Management, L.P., an investment management firm that typically takes significant positions in a limited number of businesses and engages with their management teams and boards.

Pershing Square’s investment approach emphasizes fundamental research, long-term ownership and active involvement with portfolio companies.