PJT Partners (PJT) Set to Announce Earnings on Tuesday

PJT Partners (NYSE:PJT) will issue its quarterly earnings data before the market opens on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.74 per share for the quarter.

PJT Partners (NYSE:PJT) last released its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $0.70 by $0.49. PJT Partners had a return on equity of 18.04% and a net margin of 7.96%. The firm had revenue of $360.00 million during the quarter, compared to analyst estimates of $281.93 million. During the same period in the previous year, the company posted $0.99 EPS. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. 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 Stock Performance

PJT traded down $0.85 on Tuesday, hitting $146.16. The company had a trading volume of 1,537 shares, compared to its average volume of 231,647. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of 40.62 and a beta of 0.61. The stock has a fifty day moving average price of $130.18 and a 200-day moving average price of $115.05. PJT Partners has a 12-month low of $71.47 and a 12-month high of $151.10.

PJT Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were paid a dividend of $0.25 per share. The ex-dividend date was Wednesday, September 4th. This represents a $1.00 annualized dividend and a dividend yield of 0.68%. PJT Partners’s dividend payout ratio (DPR) is presently 27.55%.

Analysts Set New Price Targets

Several research analysts recently issued reports on PJT shares. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $128.00 target price (up from $108.00) on shares of PJT Partners in a research report on Wednesday, July 31st. JMP Securities upped their price objective on shares of PJT Partners from $142.00 to $150.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group lifted their target price on shares of PJT Partners from $115.00 to $132.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Finally, UBS Group raised their price target on shares of PJT Partners from $110.00 to $120.00 and gave the stock a “sell” rating in a research note on Tuesday, October 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $123.80.

Insider Transactions at PJT Partners

In other news, Director Emily K. Rafferty sold 1,696 shares of PJT Partners stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $130.79, for a total transaction of $221,819.84. Following the sale, the director now owns 7,404 shares in the company, valued at approximately $968,369.16. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Emily K. Rafferty sold 1,696 shares of PJT Partners stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $130.79, for a total value of $221,819.84. Following the sale, the director now owns 7,404 shares of the company’s stock, valued at $968,369.16. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Grace Reksten Skaugen sold 2,015 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $124.86, for a total transaction of $251,592.90. Following the sale, the director now owns 500 shares in the company, valued at $62,430. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,297 shares of company stock worth $3,092,668. 10.67% of the stock is currently owned by insiders.

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.