PJT Partners (PJT) Scheduled to Post Earnings on Tuesday

PJT Partners (NYSE:PJT - Get Free Report) will announce its earnings results before the market opens on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.74 per share for the quarter.

PJT Partners (NYSE:PJT - Get Free Report) last posted its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $1.19 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.49. PJT Partners had a return on equity of 18.04% and a net margin of 7.96%. The company had revenue of $360.00 million during the quarter, compared to analysts' expectations of $281.93 million. During the same quarter in the previous year, the firm earned $0.99 EPS. PJT Partners's revenue was up 4.0% on a year-over-year basis. 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

Shares of PJT Partners stock traded down $1.31 during trading on Tuesday, reaching $145.70. 168,376 shares of the company's stock were exchanged, compared to its average volume of 232,465. PJT Partners has a 1-year low of $71.47 and a 1-year high of $151.10. The company has a market cap of $3.47 billion, a P/E ratio of 38.12 and a beta of 0.61. The firm's 50-day moving average price is $130.18 and its 200 day moving average price is $115.05.

PJT Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th were issued a dividend of $0.25 per share. The ex-dividend date was Wednesday, September 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.69%. PJT Partners's dividend payout ratio (DPR) is currently 26.11%.

Insider Buying and Selling

In other news, insider Ji-Yeun Lee sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $118.85, for a total value of $1,188,500.00. Following the completion of the sale, the insider now directly owns 61,433 shares of the company's stock, valued at $7,301,312.05. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Grace Reksten Skaugen sold 2,015 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $124.86, for a total transaction of $251,592.90. Following the completion of the sale, the director now directly owns 500 shares of the company's stock, valued at approximately $62,430. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ji-Yeun Lee sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $118.85, for a total value of $1,188,500.00. Following the sale, the insider now directly owns 61,433 shares of the company's stock, valued at $7,301,312.05. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,297 shares of company stock valued at $3,092,668. 11.71% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on PJT shares. The Goldman Sachs Group boosted their price objective on PJT Partners from $115.00 to $132.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 31st. JMP Securities upped their price target on PJT Partners from $142.00 to $150.00 and gave the company a "market outperform" rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $128.00 price target (up previously from $108.00) on shares of PJT Partners in a research report on Wednesday, July 31st. Finally, UBS Group upped their price target on PJT Partners from $110.00 to $120.00 and gave the company a "sell" rating in a research report on Tuesday, October 8th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, PJT Partners presently has an average rating of "Hold" and a consensus price target of $123.80.

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.