Perella Weinberg Partners (PWP) To Go Ex-Dividend on September 5th

Perella Weinberg Partners (NASDAQ:PWP) declared a quarterly dividend on Friday, August 2nd, Wall Street Journal reports. Investors of record on Thursday, September 5th will be given a dividend of 0.07 per share on Monday, September 16th. This represents a $0.28 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Thursday, September 5th.

Perella Weinberg Partners has a dividend payout ratio of 21.1% indicating that its dividend is sufficiently covered by earnings.

Perella Weinberg Partners Price Performance

Shares of PWP stock opened at $19.55 on Tuesday. Perella Weinberg Partners has a one year low of $9.30 and a one year high of $20.58. The stock has a fifty day moving average price of $17.91 and a 200 day moving average price of $15.73. The stock has a market cap of $1.84 billion, a P/E ratio of -10.51 and a beta of 1.50.

Perella Weinberg Partners (NASDAQ:PWP) last released its quarterly earnings data on Friday, August 2nd. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.26. The company had revenue of $272.00 million during the quarter, compared to the consensus estimate of $179.35 million. Perella Weinberg Partners had a negative net margin of 15.75% and a positive return on equity of 56.85%. The firm’s revenue for the quarter was up 64.3% compared to the same quarter last year. During the same period last year, the firm earned $0.16 EPS.

Wall Street Analysts Forecast Growth

Several analysts recently commented on PWP shares. Keefe, Bruyette & Woods boosted their price target on Perella Weinberg Partners from $18.00 to $19.00 and gave the company an “outperform” rating in a research note on Friday, July 12th. JMP Securities restated a “market outperform” rating and issued a $22.00 target price on shares of Perella Weinberg Partners in a research note on Monday, August 5th.

About Perella Weinberg Partners

Perella Weinberg Partners, an independent investment banking company, provides strategic and financial advice services in the United States and internationally. The company offers advisory services related to strategic and financial decisions, mergers and acquisition execution, shareholder and defense advisory, and financing and capital solutions advice with resources focused on restructuring, liability management, and capital markets advisory, as well as underwriting and research services primarily for the energy and related industries.