Q4 EPS Estimates for PJT Partners Cut by Seaport Res Ptn

PJT Partners Inc. (NYSE:PJT - Free Report) - Equities researchers at Seaport Res Ptn lowered their Q4 2024 earnings estimates for shares of PJT Partners in a report issued on Monday, January 13th. Seaport Res Ptn analyst J. Mitchell now anticipates that the financial services provider will post earnings of $1.11 per share for the quarter, down from their previous forecast of $1.30. The consensus estimate for PJT Partners' current full-year earnings is $4.40 per share. Seaport Res Ptn also issued estimates for PJT Partners' Q2 2025 earnings at $1.27 EPS and Q4 2025 earnings at $1.82 EPS.

PJT Partners (NYSE:PJT - Get Free Report) last released its quarterly earnings results 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 analysts' expectations of $313.46 million. PJT Partners had a return on equity of 18.79% and a net margin of 8.03%. The firm's revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.78 EPS.

Other equities research analysts have also recently issued reports about the company. Keefe, Bruyette & Woods reduced their price objective on PJT Partners from $159.00 to $152.00 and set a "market perform" rating on the stock in a research note on Monday. JMP Securities lowered PJT Partners from an "outperform" rating to a "market perform" rating in a research report on Monday. UBS Group raised PJT Partners from a "sell" rating to a "neutral" rating and raised their price target for the stock from $130.00 to $175.00 in a research note on Friday, December 6th. Finally, Citizens Jmp cut PJT Partners from a "strong-buy" rating to a "hold" rating in a report on Monday. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $152.25.

PJT Partners Price Performance

Shares of PJT Partners stock traded up $4.45 during trading hours on Tuesday, reaching $156.65. The company's stock had a trading volume of 264,814 shares, compared to its average volume of 217,277. The firm has a 50 day moving average price of $159.27 and a 200-day moving average price of $138.39. The stock has a market cap of $3.71 billion, a P/E ratio of 39.76 and a beta of 0.66. PJT Partners has a one year low of $88.51 and a one year high of $168.92.

Hedge Funds Weigh In On PJT Partners

Several institutional investors and hedge funds have recently bought and sold shares of PJT. Quarry LP boosted its holdings in shares of PJT Partners by 186.3% in the 3rd quarter. Quarry LP now owns 209 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 136 shares during the last quarter. GAMMA Investing LLC boosted its position in PJT Partners by 76.4% during the third quarter. GAMMA Investing LLC now owns 337 shares of the financial services provider's stock worth $45,000 after purchasing an additional 146 shares in the last quarter. KBC Group NV grew its holdings in PJT Partners by 113.0% in the third quarter. KBC Group NV now owns 803 shares of the financial services provider's stock valued at $107,000 after purchasing an additional 426 shares during the period. nVerses Capital LLC purchased a new stake in shares of PJT Partners during the third quarter worth about $213,000. Finally, D.A. Davidson & CO. purchased a new position in PJT Partners in the 3rd quarter valued at about $234,000. 89.23% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director James Costos sold 1,500 shares of the company's stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $161.41, for a total transaction of $242,115.00. Following the completion of the sale, the director now directly owns 9,360 shares in the company, valued at $1,510,797.60. This represents a 13.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, General Counsel David Adam Travin sold 1,541 shares of the firm's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $159.18, for a total value of $245,296.38. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,766 shares of company stock worth $762,980. 11.71% of the stock is currently owned by company insiders.

PJT Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date was Wednesday, December 4th. PJT Partners's dividend payout ratio (DPR) is presently 25.38%.

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.