PJT Partners (PJT) to Release Earnings on Tuesday

PJT Partners (NYSE:PJT) is scheduled to post its quarterly earnings results before the market opens on Tuesday, October 29th. Analysts expect PJT Partners to post earnings of $0.74 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

PJT Partners (NYSE:PJT) last posted its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.19 EPS for the quarter, beating 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 the consensus estimate of $281.93 million. During the same period in the prior year, the company earned $0.99 EPS. The firm’s revenue 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

NYSE PJT opened at $139.64 on Friday. The business has a fifty day moving average price of $131.79 and a 200 day moving average price of $116.18. PJT Partners has a one year low of $71.47 and a one year high of $151.10. The company has a market cap of $3.35 billion, a P/E ratio of 38.47 and a beta of 0.61.

PJT Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders 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 0.72%. The ex-dividend date was Wednesday, September 4th. PJT Partners’s dividend payout ratio (DPR) is presently 27.55%.

Analysts Set New Price Targets

PJT has been the subject of a number of analyst reports. UBS Group upped their price objective on shares of PJT Partners from $110.00 to $120.00 and gave the company a “sell” rating in a report on Tuesday, October 8th. JMP Securities increased their price target 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. The Goldman Sachs Group lifted their price target 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, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $128.00 price objective (up from $108.00) on shares of PJT Partners in a research 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 assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $123.80.

Insider Buying and Selling at PJT Partners

In other PJT Partners news, Director Emily K. Rafferty sold 1,696 shares of the company’s 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 transaction, the director now owns 7,404 shares of the company’s stock, valued at $968,369.16. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Director Grace Reksten Skaugen sold 2,015 shares of the stock in a transaction dated Monday, August 26th. The shares were 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 of the company’s stock, valued at approximately $62,430. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Emily K. Rafferty sold 1,696 shares of the 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 directly owns 7,404 shares in the company, valued at $968,369.16. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,297 shares of company stock valued at $3,092,668 over the last 90 days. 10.67% of the stock is owned by insiders.

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.