Perella Weinberg Partners (PWP) Projected to Post Quarterly Earnings on Friday

Perella Weinberg Partners (NASDAQ:PWP) is anticipated to announce its earnings results before the market opens on Friday, February 7th. Analysts expect the company to announce earnings of $0.28 per share and revenue of $220.78 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Perella Weinberg Partners (NASDAQ:PWP) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.14. The company had revenue of $278.20 million during the quarter, compared to the consensus estimate of $196.42 million. Perella Weinberg Partners had a negative return on equity of 295.65% and a negative net margin of 11.09%. The firm’s quarterly revenue was up 100.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.12 EPS.

Perella Weinberg Partners Stock Up 1.8 %

NASDAQ PWP opened at $26.07 on Friday. The company has a market cap of $2.30 billion, a PE ratio of -11.00 and a beta of 1.58. Perella Weinberg Partners has a 52 week low of $11.44 and a 52 week high of $27.03. The firm’s 50-day simple moving average is $24.66 and its two-hundred day simple moving average is $21.67.

Perella Weinberg Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend was Wednesday, December 4th. Perella Weinberg Partners’s payout ratio is currently -11.81%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Keefe, Bruyette & Woods dropped their target price on Perella Weinberg Partners from $28.00 to $27.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 14th. JMP Securities raised their target price on Perella Weinberg Partners from $22.00 to $26.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 9th.

Insider Activity at Perella Weinberg Partners

In related news, President Dietrich Becker sold 442,889 shares of Perella Weinberg Partners stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $24.48, for a total value of $10,841,922.72. Following the transaction, the president now owns 379,140 shares in the company, valued at $9,281,347.20. This trade represents a 53.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew Bednar sold 300,579 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $24.48, for a total value of $7,358,173.92. Following the transaction, the chief executive officer now directly owns 566,386 shares of the company’s stock, valued at $13,865,129.28. The trade was a 34.67 % decrease in their position. The disclosure for this sale can be found here. 43.53% of the stock is owned by corporate insiders.

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.