Perella Weinberg Partners (NASDAQ:PWP) Announces Earnings Results

Perella Weinberg Partners (NASDAQ:PWP) posted its earnings results on Friday. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.06 by $0.14, FiscalAI reports. Perella Weinberg Partners had a negative return on equity of 19.90% and a net margin of 2.82%.The firm had revenue of $156.53 million during the quarter, compared to the consensus estimate of $144.76 million.

Here are the key takeaways from Perella Weinberg Partners’ conference call:

• Business momentum accelerated: year-to-date announcements increased sharply, with nearly 40% occurring since the start of June. Announced and pending backlog is up nearly 2.5 times year over year, while booked revenue plus backlog is up more than 30%.
• Second-quarter revenue rose 1% year over year to $157 million, but first-half revenue fell 17% to $305 million. Management expects revenue to be weighted toward the second half, although some large fee events may not be recognized until 2027 and timing remains uncertain.
• Restructuring and liability-management activity remains strong, supported by upcoming 2028–2029 debt maturities and rising rating-agency pressure. The firm also closed its first private funds advisory transactions and reported encouraging client and pipeline traction.
• Management reiterated its full-year adjusted compensation-ratio target of 67%, while full-year adjusted non-compensation expense is expected to decline by a single-digit percentage from 2025. The firm also returned $73 million to equity holders year to date and ended the quarter with $116 million in cash and no debt.
• Perella Weinberg continues investing in talent, with six partners expected to join and eight internal promotions announced. Management said more than one-third of partners are still in the early ramp-up phase, creating long-term growth potential but also requiring time before reaching the firm’s targeted mature productivity level.

Perella Weinberg Partners Stock Up 18.4%

Perella Weinberg Partners stock traded up $2.74 during mid-day trading on Friday, hitting $17.65. 3,476,401 shares of the stock were exchanged, compared to its average volume of 1,138,665. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 73.54 and a beta of 1.65. Perella Weinberg Partners has a 12 month low of $14.11 and a 12 month high of $25.92. The firm’s fifty day simple moving average is $16.07 and its two-hundred day simple moving average is $18.47.

Insider Buying and Selling at Perella Weinberg Partners

In related news, CFO Alexandra Gottschalk sold 14,018 shares of Perella Weinberg Partners stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $17.46, for a total transaction of $244,754.28. Following the completion of the transaction, the chief financial officer owned 72,492 shares of the company’s stock, valued at $1,265,710.32. This trade represents a 16.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 109,477 shares of company stock worth $2,034,533 in the last ninety days. Corporate insiders own 26.10% of the company’s stock.

Institutional Trading of Perella Weinberg Partners

A number of large investors have recently bought and sold shares of the business. Invesco Ltd. lifted its stake in shares of Perella Weinberg Partners by 13.8% in the 4th quarter. Invesco Ltd. now owns 128,113 shares of the company’s stock valued at $2,216,000 after purchasing an additional 15,505 shares during the period. Millennium Management LLC increased its holdings in Perella Weinberg Partners by 1,895.9% in the fourth quarter. Millennium Management LLC now owns 279,025 shares of the company’s stock worth $4,827,000 after purchasing an additional 265,045 shares in the last quarter. AQR Capital Management LLC lifted its stake in Perella Weinberg Partners by 11.0% in the fourth quarter. AQR Capital Management LLC now owns 42,840 shares of the company’s stock valued at $741,000 after buying an additional 4,248 shares during the period. Amundi bought a new position in shares of Perella Weinberg Partners during the 4th quarter worth approximately $628,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Perella Weinberg Partners by 9.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,300 shares of the company’s stock worth $628,000 after buying an additional 3,049 shares in the last quarter. 41.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on PWP shares. Keefe, Bruyette & Woods dropped their price objective on shares of Perella Weinberg Partners from $23.50 to $19.00 and set an “outperform” rating for the company in a report on Friday, July 10th. Citizens Jmp dropped their price target on shares of Perella Weinberg Partners from $32.00 to $30.00 and set a “market outperform” rating for the company in a research note on Friday, April 10th. Weiss Ratings lowered shares of Perella Weinberg Partners from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 16th. Finally, The Goldman Sachs Group set a $16.00 price objective on shares of Perella Weinberg Partners in a research note on Friday, June 12th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $21.50.

More Perella Weinberg Partners News

Here are the key news stories impacting Perella Weinberg Partners this week:

• Positive Sentiment: Earnings beat estimates: Q2 revenue increased 1% year over year to $156.5 million, while adjusted EPS of $0.20 surpassed the $0.06 consensus estimate. Adjusted pre-tax income reached $27 million, compared with $12 million a year earlier. Perella Weinberg Reports Second Quarter 2026 Results
• Positive Sentiment: Stronger backlog and margin outlook: Management said booked revenue plus announced and pending backlog was well above last year’s level, with announced and pending backlog reportedly rising nearly 2.5 times. The firm is targeting a 67% adjusted compensation ratio for 2026, which could support profitability as revenue improves. Perella Weinberg targets 67% 2026 adjusted compensation ratio
• Positive Sentiment: Growth initiatives and shareholder returns: PWP added 10 partners and 11 managing directors year to date, expects to close its Gleacher Shacklock acquisition in the third quarter, has no debt and $115.8 million in cash, and declared a $0.07 quarterly dividend. It also returned $72.7 million to equity holders through dividends and share retirements.
• Neutral Sentiment: PWP announced the promotion of eight managing directors to partners, reinforcing its strategy of investing in senior talent but potentially adding to near-term compensation costs. Perella Weinberg Announces Partner Promotions
• Negative Sentiment: First-half revenue declined 17% to $305.4 million, and PWP posted a $5 million GAAP pre-tax loss. Q2 GAAP compensation rose to 74% of revenue, while business realignment and headcount-reduction costs are expected to total approximately $22 million through year-end.

Perella Weinberg Partners Company Profile

Perella Weinberg Partners L.P. is a global, partner-led advisory firm specializing in strategic and financial counsel. Founded in 2006 by Joseph R. Perella and Peter Weinberg—both veterans of leading Wall Street institutions—the firm delivers independent advice on mergers and acquisitions, financing, restructuring and capital markets. As an independent entity, it emphasizes senior banker involvement throughout every transaction, ensuring clients benefit from depth of experience and continuity of service.

The firm’s core offerings encompass M&A advisory, debt and equity financing, corporate restructuring and capital markets solutions.