PJT Partners (NYSE:PJT) Issues Quarterly Earnings Results, Beats Expectations By $0.02 EPS

PJT Partners (NYSE:PJT) announced its quarterly earnings data on Tuesday. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.02, Zacks reports. The firm had revenue of $385.12 million during the quarter, compared to analysts’ expectations of $409.74 million. PJT Partners had a net margin of 10.57% and a return on equity of 32.66%. The company’s revenue for the quarter was down 13.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.85 earnings per share.

Here are the key takeaways from PJT Partners’ conference call:

• Third-quarter results declined: Revenue fell 14% year over year to $385 million, while adjusted EPS declined 24% to $1.41, reflecting fewer transaction completions across all businesses.
• Nine-month performance remained record-setting: Revenue rose 9% to $1.29 billion, adjusted EPS increased 11% to $4.92, and management expects all three principal businesses to deliver record full-year performance.
• Restructuring demand remains elevated amid higher interest rates, debt maturities, challenged business models, and technological disruption; PJT cited a record pipeline and potential for further growth if credit conditions deteriorate.
• PJT Park Hill’s Private Capital Solutions business is driving growth as asset managers seek alternative liquidity and secondary-market solutions, offsetting continued challenges in primary fundraising.
• M&A activity is improving but remains difficult to convert into completed deals: Management expects 2026 to be the second-best year on record for announced global M&A volumes, while volatility, financing costs, geopolitical risks, and regulatory uncertainty continue to weigh on conversion rates.

PJT Partners Stock Down 3.4%

PJT traded down $5.25 during trading hours on Tuesday, reaching $148.33. 26,741 shares of the company’s stock traded hands, compared to its average volume of 403,016. The firm has a 50-day moving average price of $153.64 and a 200 day moving average price of $156.60. The firm has a market capitalization of $3.79 billion, a PE ratio of 20.34 and a beta of 0.89. PJT Partners has a 52-week low of $127.73 and a 52-week high of $195.62.

Insider Transactions at PJT Partners

In other PJT Partners news, Director Kievdi Cornwell sold 7,845 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $173.48, for a total transaction of $1,360,950.60. Following the transaction, the director owned 18,865 shares of the company’s stock, valued at approximately $3,272,700.20. This trade represents a 29.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Emily K. Rafferty sold 1,100 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $167.35, for a total transaction of $184,085.00. Following the completion of the transaction, the director directly owned 9,568 shares of the company’s stock, valued at $1,601,204.80. This trade represents a 10.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 10,668 shares of company stock valued at $1,846,561. 10.98% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on PJT shares. Capital One Financial set a $160.00 target price on PJT Partners in a research note on Tuesday, October 6th. The Goldman Sachs Group cut their target price on shares of PJT Partners from $203.00 to $182.00 and set a “buy” rating for the company in a research note on Thursday, October 1st. BMO Capital Markets reiterated an “outperform” rating on shares of PJT Partners in a report on Tuesday, October 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of PJT Partners in a research note on Wednesday, August 26th. Finally, Keefe, Bruyette & Woods downgraded shares of PJT Partners from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $195.00 to $159.00 in a report on Wednesday, October 7th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $168.33.

About PJT Partners

PJT Partners Inc (NYSE:PJT) is a global, advisory-focused investment banking and financial services firm. The company provides strategic advice to corporations, financial sponsors, institutional investors and other clients on mergers and acquisitions, divestitures, capital raising, liability management and other complex financial matters.

Its businesses also include restructuring and special situations advisory, private capital advisory and placement services, and shareholder engagement and governance advice.