Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) announced its quarterly earnings results on Friday. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by ($0.02), Zacks reports. Perella Weinberg Partners had a negative net margin of 11.09% and a negative return on equity of 295.65%.
Perella Weinberg Partners Stock Performance
NASDAQ:PWP traded down $0.61 during mid-day trading on Tuesday, hitting $23.65. 839,445 shares of the company's stock traded hands, compared to its average volume of 711,468. The firm's 50 day simple moving average is $24.62 and its 200 day simple moving average is $22.08. Perella Weinberg Partners has a 1 year low of $11.68 and a 1 year high of $27.03. The company has a market cap of $2.08 billion, a PE ratio of -9.98 and a beta of 1.59.
Perella Weinberg Partners Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.07 per share. The ex-dividend date is Tuesday, February 18th. This represents a $0.28 annualized dividend and a yield of 1.18%. Perella Weinberg Partners's dividend payout ratio (DPR) is currently -11.81%.
Analysts Set New Price Targets
Separately, Keefe, Bruyette & Woods increased their price target on shares of Perella Weinberg Partners from $27.00 to $29.00 and gave the company an "outperform" rating in a report on Monday.
Check Out Our Latest Stock Analysis on Perella Weinberg Partners
Perella Weinberg Partners Company Profile
(
Get Free Report)
Perella Weinberg Partners, an independent investment banking company, provides strategic and financial advice services in the United States and internationally. The company offers advisory services related to strategic and financial decisions, mergers and acquisition execution, shareholder and defense advisory, and financing and capital solutions advice with resources focused on restructuring, liability management, and capital markets advisory, as well as underwriting and research services primarily for the energy and related industries.
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