Equities analysts expect PJT Partners Inc (NYSE:PJT) to post earnings per share of $0.35 for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for PJT Partners’ earnings. The highest EPS estimate is $0.46 and the lowest is $0.24. PJT Partners reported earnings per share of $0.38 in the same quarter last year, which would suggest a negative year-over-year growth rate of 7.9%. The company is expected to announce its next earnings results on Tuesday, May 1st.
On average, analysts expect that PJT Partners will report full-year earnings of $2.16 per share for the current year, with EPS estimates ranging from $1.81 to $2.50. For the next year, analysts forecast that the company will report earnings of $3.13 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that follow PJT Partners.
PJT Partners (NYSE:PJT) last issued its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.12. PJT Partners had a negative return on equity of 50.51% and a negative net margin of 6.52%. The firm had revenue of $190.55 million during the quarter.
PJT has been the subject of several research reports. Buckingham Research initiated coverage on PJT Partners in a research report on Wednesday, January 3rd. They set a “neutral” rating and a $51.00 price target for the company. Zacks Investment Research upgraded PJT Partners from a “sell” rating to a “hold” rating in a research report 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 report on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $48.60.
Shares of PJT Partners (NYSE PJT) traded down $0.38 on Monday, hitting $48.45. The company had a trading volume of 124,100 shares, compared to its average volume of 127,645. PJT Partners has a 52-week low of $32.61 and a 52-week high of $50.35. The stock has a market capitalization of $900.94, a PE ratio of -27.84, a price-to-earnings-growth ratio of 0.84 and a beta of 0.41.
PJT Partners announced that its Board of Directors has approved a stock buyback program on Tuesday, October 31st that permits the company to buyback $100.00 million in shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Wednesday, March 7th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.41%. The ex-dividend date is Tuesday, March 6th. PJT Partners’s payout ratio is -11.49%.
Several institutional investors and hedge funds have recently modified their holdings of PJT. MetLife Investment Advisors LLC purchased a new stake in PJT Partners in the 4th quarter valued at $355,000. Two Sigma Investments LP purchased a new stake in PJT Partners in the 4th quarter valued at $1,360,000. Two Sigma Advisers LP grew its holdings in PJT Partners by 40.1% in the 4th quarter. Two Sigma Advisers LP now owns 26,900 shares of the financial services provider’s stock valued at $1,227,000 after buying an additional 7,700 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in PJT Partners by 50.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 11,355 shares of the financial services provider’s stock valued at $518,000 after buying an additional 3,825 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in PJT Partners by 50.7% in the 4th quarter. Deutsche Bank AG now owns 43,100 shares of the financial services provider’s stock valued at $1,963,000 after buying an additional 14,498 shares in the last quarter. Hedge funds and other institutional investors own 60.14% of the company’s stock.
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PJT Partners Company Profile
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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