PJT Partners (PJT) Scheduled to Post Quarterly Earnings on Thursday

PJT Partners (NYSE:PJT) is scheduled to release its earnings data before the market opens on Thursday, May 2nd. Analysts expect PJT Partners to post earnings of $0.45 per share for the quarter. Persons 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, February 6th. The financial services provider reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.20. PJT Partners had a return on equity of 17.44% and a net margin of 7.09%. The business had revenue of $328.60 million during the quarter, compared to analysts’ expectations of $304.26 million. During the same quarter in the previous year, the firm earned $1.08 EPS. The firm’s revenue was up 17.4% 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 $95.94 on Thursday. PJT Partners has a twelve month low of $59.61 and a twelve month high of $107.35. The stock has a market capitalization of $2.29 billion, a PE ratio of 31.15 and a beta of 0.68. The stock has a 50-day simple moving average of $97.59 and a 200 day simple moving average of $93.03.

PJT Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, March 6th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $1.00 annualized dividend and a dividend yield of 1.04%. PJT Partners’s dividend payout ratio is presently 32.47%.

Insider Activity

In other news, CFO Helen T. Meates sold 12,926 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $105.51, for a total value of $1,363,822.26. Following the sale, the chief financial officer now directly owns 48,821 shares in the company, valued at approximately $5,151,103.71. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, General Counsel David Adam Travin sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $93.21, for a total value of $466,050.00. Following the sale, the general counsel now directly owns 1,541 shares in the company, valued at approximately $143,636.61. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Helen T. Meates sold 12,926 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $105.51, for a total value of $1,363,822.26. Following the completion of the sale, the chief financial officer now owns 48,821 shares in the company, valued at $5,151,103.71. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,926 shares of company stock worth $2,875,672. Company insiders own 10.67% of the company’s stock.

Wall Street Analyst Weigh In

PJT has been the subject of several recent research reports. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $99.00 price target (down previously from $108.00) on shares of PJT Partners in a report on Tuesday, January 9th. UBS Group reaffirmed a “sell” rating and issued a $75.00 price target (down previously from $100.00) on shares of PJT Partners in a report on Tuesday, March 26th. Wolfe Research reaffirmed an “underperform” rating and issued a $89.00 price target on shares of PJT Partners in a report on Wednesday, January 3rd. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $110.00 price target on shares of PJT Partners in a report on Tuesday, April 9th. Two 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $93.25.

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.