PJT Partners (PJT) to Release Earnings on Tuesday

PJT Partners (NYSE:PJT - Get Free Report) is projected to announce its earnings results before the market opens on Tuesday, February 4th. Analysts expect the company to post earnings of $1.19 per share and revenue of $384.64 million for the quarter. Persons that wish to listen to the company's earnings conference call can do so using this link.

PJT Partners (NYSE:PJT - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.02. The business had revenue of $326.30 million during the quarter, compared to analyst estimates of $313.46 million. PJT Partners had a return on equity of 18.79% and a net margin of 8.03%. The company's revenue was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.78 earnings per share. 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 Trading Up 0.1 %

NYSE:PJT traded up $0.20 during mid-day trading on Friday, reaching $165.05. 99,881 shares of the stock were exchanged, compared to its average volume of 207,523. PJT Partners has a 1-year low of $88.51 and a 1-year high of $168.92. The firm has a market capitalization of $3.91 billion, a PE ratio of 41.95 and a beta of 0.66. The business has a fifty day moving average price of $160.41 and a 200 day moving average price of $142.66.

Insiders Place Their Bets

In other PJT Partners news, General Counsel David Adam Travin sold 1,541 shares of the firm's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $159.18, for a total transaction of $245,296.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kenneth C. Whitney sold 1,725 shares of the company's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $159.75, for a total value of $275,568.75. Following the completion of the transaction, the director now owns 9,100 shares in the company, valued at $1,453,725. This represents a 15.94 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,766 shares of company stock worth $762,980. Corporate insiders own 11.71% of the company's stock.

Analyst Ratings Changes

PJT has been the subject of several recent research reports. UBS Group raised shares of PJT Partners from a "sell" rating to a "neutral" rating and increased their target price for the company from $130.00 to $175.00 in a research note on Friday, December 6th. Citizens Jmp lowered PJT Partners from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 13th. Keefe, Bruyette & Woods decreased their target price on PJT Partners from $159.00 to $152.00 and set a "market perform" rating on the stock in a report on Monday, January 13th. Finally, JMP Securities downgraded PJT Partners from an "outperform" rating to a "market perform" rating in a report on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $152.25.

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.