PJT Partners (NYSE:PJT) Issues Earnings Results

PJT Partners (NYSE:PJT) issued its earnings results on Tuesday. The financial services provider reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.02, Zacks reports. PJT Partners had a return on equity of 27.57% and a net margin of 10.50%. The business had revenue of $385.12 million during the quarter, compared to the consensus estimate of $409.74 million. During the same period in the previous year, the company posted $1.85 earnings per share. The firm’s revenue for the quarter was down 13.8% on a year-over-year basis.

Here are the key takeaways from PJT Partners’ conference call:

• Third-quarter results declined: Revenue fell 14% year over year to $385 million, while adjusted EPS declined 24% to $1.41, reflecting fewer transaction completions across all businesses.
• Nine-month performance remained record-setting: Revenue rose 9% to $1.29 billion, adjusted EPS increased 11% to $4.92, and management expects all three principal businesses to deliver record full-year performance.
• Restructuring demand remains elevated amid higher interest rates, debt maturities, challenged business models, and technological disruption; PJT cited a record pipeline and potential for further growth if credit conditions deteriorate.
• PJT Park Hill’s Private Capital Solutions business is driving growth as asset managers seek alternative liquidity and secondary-market solutions, offsetting continued challenges in primary fundraising.
• M&A activity is improving but remains difficult to convert into completed deals: Management expects 2026 to be the second-best year on record for announced global M&A volumes, while volatility, financing costs, geopolitical risks, and regulatory uncertainty continue to weigh on conversion rates.

PJT Partners Trading Down 3.4%

Shares of PJT traded down $5.34 during trading hours on Thursday, reaching $152.78. The stock had a trading volume of 171,744 shares, compared to its average volume of 404,475. The firm has a 50-day simple moving average of $152.71 and a 200 day simple moving average of $156.30. PJT Partners has a 12 month low of $127.73 and a 12 month high of $195.62. The company has a market capitalization of $3.91 billion, a price-to-earnings ratio of 21.86 and a beta of 0.88.

PJT Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 16th. Shareholders of record on Wednesday, December 2nd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, December 2nd. PJT Partners’s dividend payout ratio (DPR) is 13.68%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. BMO Capital Markets reaffirmed an “outperform” rating on shares of PJT Partners in a research report on Tuesday, October 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of PJT Partners in a research report on Wednesday, August 26th. The Goldman Sachs Group dropped their target price on shares of PJT Partners from $203.00 to $182.00 and set a “buy” rating on the stock in a research report on Thursday, October 1st. Wall Street Zen lowered shares of PJT Partners from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. Finally, UBS Group reduced their price target on shares of PJT Partners from $176.00 to $165.00 and set a “neutral” rating for the company in a report on Wednesday, October 7th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, PJT Partners presently has an average rating of “Hold” and a consensus price target of $167.67.

Insider Transactions at PJT Partners

In other news, Director Emily K. Rafferty sold 1,100 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $167.35, for a total value of $184,085.00. Following the completion of the sale, the director owned 9,568 shares in the company, valued at $1,601,204.80. This represents a 10.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kievdi Cornwell sold 7,845 shares of PJT Partners stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $173.48, for a total transaction of $1,360,950.60. Following the transaction, the director directly owned 18,865 shares in the company, valued at approximately $3,272,700.20. This represents a 29.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 10,668 shares of company stock valued at $1,846,561 over the last three months. Corporate insiders own 10.98% of the company’s stock.

About PJT Partners

PJT Partners Inc (NYSE:PJT) is a global, advisory-focused investment banking and financial services firm. The company provides strategic advice to corporations, financial sponsors, institutional investors and other clients on mergers and acquisitions, divestitures, capital raising, liability management and other complex financial matters.

Its businesses also include restructuring and special situations advisory, private capital advisory and placement services, and shareholder engagement and governance advice.