Brokerages Expect PJT Partners Inc. (NYSE:PJT) Will Announce Quarterly Sales of $247.51 Million


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Equities research analysts expect that PJT Partners Inc. (NYSE:PJT) will report $247.51 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for PJT Partners’ earnings. The lowest sales estimate is $246.51 million and the highest is $248.50 million. PJT Partners reported sales of $248.65 million in the same quarter last year, which would suggest a negative year over year growth rate of 0.5%. The business is scheduled to issue its next earnings results on Thursday, February 4th.

On average, analysts expect that PJT Partners will report full-year sales of $977.81 million for the current fiscal year, with estimates ranging from $976.81 million to $978.80 million. For the next financial year, analysts anticipate that the firm will report sales of $1.00 billion, with estimates ranging from $955.74 million to $1.05 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that cover PJT Partners.

PJT Partners (NYSE:PJT) last announced its earnings results on Tuesday, October 27th. The financial services provider reported $1.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.56. The company had revenue of $297.56 million for the quarter, compared to analyst estimates of $205.99 million. PJT Partners had a return on equity of 23.22% and a net margin of 7.50%.

A number of equities research analysts have recently issued reports on PJT shares. ValuEngine cut shares of PJT Partners from a “hold” rating to a “sell” rating in a research report on Saturday, November 21st. Seaport Global Securities assumed coverage on shares of PJT Partners in a research note on Wednesday, December 16th. They issued a “buy” rating and a $91.00 price objective for the company. Zacks Investment Research upgraded shares of PJT Partners from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a research report on Friday, December 18th. JMP Securities lifted their price target on shares of PJT Partners from $70.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday, October 28th. Finally, BidaskClub downgraded PJT Partners from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 30th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $72.50.

Institutional investors have recently modified their holdings of the company. Private Advisor Group LLC bought a new position in PJT Partners in the second quarter valued at approximately $33,000. Nisa Investment Advisors LLC increased its stake in shares of PJT Partners by 145.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,265 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 750 shares during the last quarter. Smith Asset Management Group LP bought a new position in shares of PJT Partners in the 3rd quarter valued at $101,000. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of PJT Partners during the 3rd quarter worth $103,000. Finally, Prospera Financial Services Inc bought a new stake in shares of PJT Partners during the 3rd quarter worth $106,000. 68.35% of the stock is owned by institutional investors.

Shares of NYSE PJT opened at $78.07 on Thursday. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 30.62 and a beta of 0.95. The stock’s fifty day moving average price is $74.92 and its two-hundred day moving average price is $63.73. PJT Partners has a one year low of $23.63 and a one year high of $79.39.

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 16th. Shareholders of record on Wednesday, December 2nd were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend was Tuesday, December 1st. PJT Partners’s dividend payout ratio is currently 8.30%.

PJT Partners Company Profile

PJT Partners Inc, an investment bank, provides various strategic and shareholder advisory, restructuring and special situations, and private fund advisory and fundraising services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers a range of financial advisory and transaction execution capability, including mergers and acquisitions, joint ventures, minority investments, asset swaps, divestitures, takeover defenses, corporate finance advisory, private placements, and distressed sales.

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Earnings History and Estimates for PJT Partners (NYSE:PJT)

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