Q3 2024 Earnings Estimate for PJT Partners Inc. Issued By Seaport Res Ptn (NYSE:PJT)

PJT Partners Inc. (NYSE:PJT) – Investment analysts at Seaport Res Ptn cut their Q3 2024 EPS estimates for PJT Partners in a report issued on Wednesday, October 9th. Seaport Res Ptn analyst J. Mitchell now forecasts that the financial services provider will post earnings per share of $0.74 for the quarter, down from their prior estimate of $0.77. The consensus estimate for PJT Partners’ current full-year earnings is $4.35 per share. Seaport Res Ptn also issued estimates for PJT Partners’ Q4 2024 earnings at $1.43 EPS and Q3 2025 earnings at $1.27 EPS.

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

PJT Partners Stock Up 3.3 %

Shares of PJT opened at $144.23 on Monday. The company has a market cap of $3.46 billion, a price-to-earnings ratio of 39.73 and a beta of 0.61. PJT Partners has a twelve month low of $71.47 and a twelve month high of $146.04. The company has a 50 day moving average of $126.94 and a two-hundred day moving average of $112.69.

PJT Partners (NYSE:PJT) last released its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.49. The firm had revenue of $360.00 million for the quarter, compared to the consensus estimate of $281.93 million. PJT Partners had a net margin of 7.96% and a return on equity of 18.04%. The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period last year, the firm earned $0.99 earnings per share.

Institutional Trading of PJT Partners

Several hedge funds and other institutional investors have recently made changes to their positions in the company. SouthState Corp acquired a new stake in shares of PJT Partners in the second quarter valued at about $26,000. Opal Wealth Advisors LLC purchased a new stake in PJT Partners in the second quarter valued at approximately $30,000. Fidelis Capital Partners LLC purchased a new stake in PJT Partners in the first quarter valued at approximately $39,000. GAMMA Investing LLC grew its holdings in PJT Partners by 76.4% in the third quarter. GAMMA Investing LLC now owns 337 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 146 shares during the period. Finally, EntryPoint Capital LLC grew its stake in PJT Partners by 27.6% during the first quarter. EntryPoint Capital LLC now owns 1,662 shares of the financial services provider’s stock worth $157,000 after buying an additional 359 shares during the period. Hedge funds and other institutional investors own 89.23% of the company’s stock.

Insider Buying and Selling

In other news, Director Emily K. Rafferty sold 1,696 shares of the firm’s stock in a transaction on 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 directly owns 7,404 shares in the company, valued at approximately $968,369.16. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Kievdi Don Cornwell sold 11,586 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $123.49, for a total value of $1,430,755.14. Following the transaction, the director now directly owns 8,339 shares of the company’s stock, valued at $1,029,783.11. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Emily K. Rafferty sold 1,696 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $130.79, for a total transaction of $221,819.84. Following the transaction, the director now directly owns 7,404 shares in the company, valued at $968,369.16. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,297 shares of company stock valued at $3,092,668 in the last ninety days. Company insiders own 10.67% of the company’s stock.

PJT Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date was Wednesday, September 4th. PJT Partners’s dividend payout ratio (DPR) is 27.55%.

PJT Partners Company Profile

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.