News articles about PJT Partners (NYSE:PJT) have trended somewhat positive this week, Accern reports. The research group rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. PJT Partners earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 48.3398913675126 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of PJT Partners (NYSE:PJT) traded down $0.49 during trading hours on Thursday, hitting $47.75. The stock had a trading volume of 34,345 shares, compared to its average volume of 124,137. The firm has a market capitalization of $885.69, a price-to-earnings ratio of -27.61, a PEG ratio of 0.83 and a beta of 0.41. PJT Partners has a 12-month low of $32.61 and a 12-month high of $50.35.
PJT Partners (NYSE:PJT) last issued its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.12. The firm had revenue of $190.55 million for the quarter. PJT Partners had a negative return on equity of 50.51% and a negative net margin of 6.52%. research analysts forecast that PJT Partners will post 2.15 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Wednesday, March 7th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date is Tuesday, March 6th. PJT Partners’s dividend payout ratio is presently -11.49%.
PJT Partners declared that its board has authorized a share buyback program on Tuesday, October 31st that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.
PJT has been the topic of a number of research analyst reports. Buckingham Research initiated coverage on PJT Partners in a research note on Wednesday, January 3rd. They issued a “neutral” rating and a $51.00 price target on the stock. Zacks Investment Research raised PJT Partners from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th. Finally, Sandler O’Neill set a $55.00 price target on PJT Partners and gave the stock a “buy” rating in a research note on Thursday, January 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $48.60.
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About PJT Partners
PJT Partners Inc is an advisory-focused investment bank. The Company offers an array of strategic advisory, restructuring and special situations and private fund advisory and placement services to corporations, financial sponsors, institutional investors and governments. It provides, through Park Hill Group, private fund advisory and placement services for alternative investment managers, including private equity funds, real estate funds and hedge funds.
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