Zacks: Analysts Expect PJT Partners Inc (NYSE:PJT) to Announce $0.24 EPS

Brokerages expect PJT Partners Inc (NYSE:PJT) to post $0.24 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for PJT Partners’ earnings. PJT Partners reported earnings per share of $0.42 during the same quarter last year, which would suggest a negative year over year growth rate of 42.9%. The business is expected to announce its next quarterly earnings results on Tuesday, July 30th.

On average, analysts expect that PJT Partners will report full-year earnings of $2.19 per share for the current year. For the next fiscal year, analysts forecast that the firm will post earnings of $2.97 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that follow PJT Partners.

PJT Partners (NYSE:PJT) last released its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.04). PJT Partners had a return on equity of 15.66% and a net margin of 4.01%. The company had revenue of $128.06 million for the quarter.

Several brokerages recently weighed in on PJT. Buckingham Research dropped their price target on shares of PJT Partners from $49.00 to $42.00 and set a “neutral” rating on the stock in a research report on Thursday, July 11th. Zacks Investment Research raised shares of Hallmark Financial Services from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Friday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. PJT Partners currently has a consensus rating of “Hold” and an average price target of $56.00.

NYSE PJT traded down $0.37 during trading hours on Friday, hitting $36.84. The company’s stock had a trading volume of 77,944 shares, compared to its average volume of 162,596. PJT Partners has a 52 week low of $35.28 and a 52 week high of $61.18. The stock has a market capitalization of $873.99 million, a P/E ratio of 19.29, a PEG ratio of 0.69 and a beta of 1.26. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.13 and a quick ratio of 5.13. The company’s 50-day moving average price is $39.51.

A number of large investors have recently bought and sold shares of the business. First Trust Advisors LP acquired a new position in PJT Partners during the 4th quarter worth $1,115,000. Advisor Group Inc. lifted its holdings in shares of PJT Partners by 49.3% in the fourth quarter. Advisor Group Inc. now owns 2,415 shares of the financial services provider’s stock valued at $95,000 after buying an additional 797 shares during the period. Northern Trust Corp lifted its holdings in shares of PJT Partners by 1.3% in the fourth quarter. Northern Trust Corp now owns 250,399 shares of the financial services provider’s stock valued at $9,705,000 after buying an additional 3,269 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of PJT Partners by 5.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 441,217 shares of the financial services provider’s stock valued at $17,102,000 after buying an additional 23,766 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of PJT Partners by 12.7% in the fourth quarter. Geode Capital Management LLC now owns 214,149 shares of the financial services provider’s stock valued at $8,299,000 after buying an additional 24,166 shares during the period. Hedge funds and other institutional investors own 62.92% of the company’s stock.

About PJT Partners

PJT Partners Inc, an investment bank, provides various strategic advisory, shareholder engagement, restructuring and special situations, and private fund advisory and placement services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers a range of financial advisory and transaction execution capability, including mergers and acquisitions, joint ventures, minority investments, asset swaps, divestitures, takeover defenses, corporate finance advisory, private placements, and distressed sales.

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