Brokerages Anticipate PJT Partners Inc (PJT) to Post $0.35 EPS

Equities research analysts predict that PJT Partners Inc (NYSE:PJT) will announce earnings per share of $0.35 for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for PJT Partners’ earnings. The highest EPS estimate is $0.46 and the lowest is $0.24. PJT Partners reported earnings of $0.38 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 7.9%. The company is expected to report its next earnings results on Tuesday, May 1st.

On average, analysts expect that PJT Partners will report full year earnings of $2.16 per share for the current financial year, with EPS estimates ranging from $1.81 to $2.50. For the next year, analysts expect that the company will report earnings of $3.13 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover PJT Partners.

PJT Partners (NYSE:PJT) last released its earnings results on Wednesday, February 7th. The financial services provider reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.12. PJT Partners had a negative net margin of 6.52% and a negative return on equity of 50.51%. The business had revenue of $190.55 million during the quarter.

A number of research analysts have commented on the stock. Buckingham Research assumed coverage on shares of PJT Partners in a research note on Wednesday, January 3rd. They set a “neutral” rating and a $51.00 price target for the company. Zacks Investment Research upgraded shares of PJT Partners from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th. Finally, Sandler O’Neill set a $55.00 price target on shares of PJT Partners and gave the stock a “buy” rating in a research note on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $48.60.

PJT Partners (PJT) traded down $0.38 during midday trading on Monday, hitting $48.45. 124,100 shares of the company traded hands, compared to its average volume of 127,645. PJT Partners has a twelve month low of $32.61 and a twelve month high of $50.35. The company has a market capitalization of $900.94, a PE ratio of -27.84, a PEG ratio of 0.84 and a beta of 0.41.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Wednesday, March 7th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend is Tuesday, March 6th. PJT Partners’s dividend payout ratio is -11.49%.

PJT Partners declared that its Board of Directors has approved a share repurchase program on Tuesday, October 31st that allows the company to buyback $100.00 million in shares. This buyback authorization allows the financial services provider to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

A number of institutional investors and hedge funds have recently made changes to their positions in PJT. SG Americas Securities LLC bought a new position in PJT Partners during the third quarter worth about $168,000. UBS Asset Management Americas Inc. bought a new position in PJT Partners during the second quarter worth about $213,000. Trexquant Investment LP bought a new position in PJT Partners during the third quarter worth about $245,000. Teacher Retirement System of Texas bought a new position in PJT Partners during the fourth quarter worth about $275,000. Finally, Archford Capital Strategies LLC lifted its stake in PJT Partners by 85,486.4% during the second quarter. Archford Capital Strategies LLC now owns 18,829 shares of the financial services provider’s stock worth $300,000 after purchasing an additional 18,807 shares during the period. Hedge funds and other institutional investors own 60.14% of the company’s stock.

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PJT Partners Company Profile

PJT Partners Inc is an advisory-focused investment bank. The Company offers an array of strategic advisory, restructuring and special situations and private fund advisory and placement services to corporations, financial sponsors, institutional investors and governments. It provides, through Park Hill Group, private fund advisory and placement services for alternative investment managers, including private equity funds, real estate funds and hedge funds.

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