Zacks: Brokerages Anticipate PJT Partners Inc (PJT) to Announce $0.32 Earnings Per Share

Brokerages expect PJT Partners Inc (NYSE:PJT) to announce $0.32 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for PJT Partners’ earnings. PJT Partners reported earnings of $0.44 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 27.3%. The business is expected to report its next earnings report on Wednesday, May 1st.

According to Zacks, analysts expect that PJT Partners will report full-year earnings of $2.43 per share for the current financial year. For the next fiscal year, analysts forecast that the firm will post earnings of $3.09 per share. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for PJT Partners.

PJT Partners (NYSE:PJT) last released its quarterly earnings data on Thursday, February 7th. The financial services provider reported $0.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.18). The company had revenue of $175.39 million for the quarter. PJT Partners had a return on equity of 17.81% and a net margin of 4.68%.

Separately, Zacks Investment Research raised PJT Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, December 19th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $59.50.

In other news, Chairman Paul J. Taubman bought 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were purchased at an average price of $42.92 per share, with a total value of $171,680.00. Following the purchase, the chairman now owns 453,200 shares in the company, valued at $19,451,344. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel James W. Cuminale sold 4,462 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $40.60, for a total value of $181,157.20. Following the transaction, the general counsel now directly owns 51,463 shares in the company, valued at approximately $2,089,397.80. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in PJT Partners by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 913,355 shares of the financial services provider’s stock worth $47,813,000 after purchasing an additional 11,394 shares during the period. MetLife Investment Advisors LLC increased its holdings in shares of PJT Partners by 51.5% in the 3rd quarter. MetLife Investment Advisors LLC now owns 14,136 shares of the financial services provider’s stock valued at $740,000 after acquiring an additional 4,806 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of PJT Partners by 44.5% in the 3rd quarter. Wells Fargo & Company MN now owns 67,141 shares of the financial services provider’s stock valued at $3,515,000 after acquiring an additional 20,692 shares during the last quarter. Edge Wealth Management LLC increased its holdings in shares of PJT Partners by 42.5% in the 4th quarter. Edge Wealth Management LLC now owns 1,425 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 425 shares during the last quarter. Finally, First Bank & Trust purchased a new position in shares of PJT Partners in the 4th quarter valued at about $94,000. Institutional investors own 63.69% of the company’s stock.

NYSE PJT opened at $41.13 on Friday. The firm has a market cap of $916.22 million, a price-to-earnings ratio of 21.53, a P/E/G ratio of 0.70 and a beta of 1.14. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.06. PJT Partners has a fifty-two week low of $35.28 and a fifty-two week high of $61.18.

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 6th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.49%. The ex-dividend date was Tuesday, March 5th. PJT Partners’s payout ratio is 10.47%.

PJT Partners Company Profile

PJT Partners Inc, an investment bank, provides various strategic advisory, shareholder engagement, restructuring and special situations, and private fund advisory and placement services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers a range of financial advisory and transaction execution capability, including mergers and acquisitions, joint ventures, minority investments, asset swaps, divestitures, takeover defenses, corporate finance advisory, private placements, and distressed sales.

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