PJT Partners (PJT) Scheduled to Post Quarterly Earnings on Thursday

PJT Partners (NYSE:PJT) will be issuing its quarterly earnings data before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.45 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

PJT Partners (NYSE:PJT) last issued its quarterly earnings results on Tuesday, February 6th. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.20. PJT Partners had a return on equity of 17.44% and a net margin of 7.09%. The firm had revenue of $328.60 million for the quarter, compared to analyst estimates of $304.26 million. During the same period last year, the company earned $1.08 EPS. The firm’s quarterly revenue was up 17.4% on a year-over-year basis. 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 Trading Up 0.1 %

Shares of NYSE:PJT opened at $95.94 on Thursday. The stock’s 50-day moving average price is $97.59 and its two-hundred day moving average price is $93.03. PJT Partners has a 12-month low of $59.61 and a 12-month high of $107.35. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of 31.15 and a beta of 0.68.

PJT Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, March 6th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date was Tuesday, March 5th. PJT Partners’s payout ratio is 32.47%.

Insider Transactions at PJT Partners

In other news, insider Ji-Yeun Lee sold 10,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $104.58, for a total value of $1,045,800.00. Following the transaction, the insider now directly owns 73,421 shares in the company, valued at approximately $7,678,368.18. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Ji-Yeun Lee sold 10,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $104.58, for a total transaction of $1,045,800.00. Following the sale, the insider now directly owns 73,421 shares in the company, valued at approximately $7,678,368.18. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Helen T. Meates sold 12,926 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $105.51, for a total value of $1,363,822.26. Following the sale, the chief financial officer now owns 48,821 shares in the company, valued at $5,151,103.71. The disclosure for this sale can be found here. Insiders have sold a total of 27,926 shares of company stock worth $2,875,672 in the last three months. 10.67% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on PJT shares. The Goldman Sachs Group reissued a “neutral” rating and issued a $99.00 price target (down from $108.00) on shares of PJT Partners in a research note on Tuesday, January 9th. UBS Group restated a “sell” rating and issued a $75.00 price objective (down from $100.00) on shares of PJT Partners in a report on Tuesday, March 26th. JMP Securities restated a “market outperform” rating and issued a $110.00 price objective on shares of PJT Partners in a report on Tuesday, April 9th. Finally, Wolfe Research restated an “underperform” rating and issued a $89.00 price objective on shares of PJT Partners in a report on Wednesday, January 3rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, PJT Partners currently has an average rating of “Hold” and a consensus price target of $93.25.

About PJT Partners

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.