Perella Weinberg Partners (NASDAQ:PWP) Issues Quarterly Earnings Results

Perella Weinberg Partners (NASDAQ:PWP) issued its earnings results on Thursday. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.22, Zacks reports. The firm had revenue of $251.37 million for the quarter, compared to analysts’ expectations of $172.82 million. Perella Weinberg Partners had a negative return on equity of 79.92% and a net margin of 4.35%.

Here are the key takeaways from Perella Weinberg Partners’ conference call:

• Third-quarter revenue rose 53% year over year to $251 million, led by M&A, which nearly doubled from the prior-year quarter and increased more than 40% year to date. Management cited strength in consumer, industrials, energy, and financial institutions.
• Visibility into future revenue improved, with announced and pending backlog nearly three times last year’s level, total booked plus announced and pending backlog up about 30%, and gross backlog under engagement letters up 40%. Management expects some of this backlog to convert in early 2027.
• The firm reported broad-based activity, including a 50% increase in fee-paying clients and nearly 80% growth in fee events exceeding $5 million. The Gleacher Shacklock acquisition has already contributed six announced U.K. transactions since closing on September 1.
• Management reiterated its 67% full-year adjusted compensation margin target and expects full-year adjusted non-compensation expenses to decline by a single-digit percentage from 2025. The company ended the quarter with $150 million of cash and no debt.
• Perella Weinberg said it is focused on long-term standalone growth through hiring, internal promotions, and selective acquisitions, while denying that it has initiated a sale process. Executives expect higher rates to be manageable if increases are gradual, but warned that sharp rate moves could pressure valuations and highly leveraged transactions.

Perella Weinberg Partners Stock Performance

Shares of PWP stock traded up $0.73 during midday trading on Friday, hitting $14.73. 2,296,609 shares of the company were exchanged, compared to its average volume of 1,934,790. Perella Weinberg Partners has a 52 week low of $12.13 and a 52 week high of $25.92. The firm’s 50 day moving average price is $14.77 and its two-hundred day moving average price is $17.43. The firm has a market capitalization of $1.39 billion, a P/E ratio of 37.77 and a beta of 1.63.

Perella Weinberg Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 8th. Shareholders of record on Tuesday, November 24th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, November 24th. This represents a $0.28 annualized dividend and a yield of 1.9%. Perella Weinberg Partners’s dividend payout ratio (DPR) is currently 71.79%.

Insiders Place Their Bets

In other news, CEO Andrew Bednar sold 80,045 shares of Perella Weinberg Partners stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $17.17, for a total transaction of $1,374,372.65. Following the completion of the sale, the chief executive officer owned 1,139,013 shares of the company’s stock, valued at approximately $19,556,853.21. This trade represents a 6.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 235,697 shares of company stock worth $4,080,379. 26.10% of the stock is owned by company insiders.

Perella Weinberg Partners News Summary

Here are the key news stories impacting Perella Weinberg Partners this week:

• Positive Sentiment: Q3 results substantially exceeded expectations. Revenue rose 53% year over year to $251 million, while adjusted EPS was $0.39 versus the $0.17 consensus estimate. GAAP diluted EPS was $0.21, and adjusted pretax income reached $56 million. Earnings Beat Might Change The Case For Investing In Perella Weinberg Partners Stock
• Positive Sentiment: Management signaled continued momentum. Executives said the firm is entering the fourth quarter and 2027 with strong momentum. The September acquisition of Gleacher Shacklock is expected to expand PWP’s advisory presence in the United Kingdom and Europe, while the company has continued adding senior talent. Perella Weinberg Reports Third Quarter 2026 Results
• Positive Sentiment: Keefe, Bruyette & Woods reaffirmed its “outperform” rating and raised its price target to $20 from $19, implying meaningful potential upside based on the reported reference price. Keefe Bruyette Woods stock recommendations
• Positive Sentiment: Capital returns remain supportive. PWP reported $150 million of cash and no debt, returned $88 million to shareholders during the first nine months, repurchased or retired more than three million shares and declared a quarterly dividend of $0.07 per share.
• Negative Sentiment: Insider selling is a cautionary signal. Company insiders made seven reported open-market sales over the past six months and no purchases, including sales by CEO Andrew Bednar and CFO Alexandra Gottschalk. PWP also retains a negative return on equity, so investors may monitor whether the earnings improvement is sustainable.

Analysts Set New Price Targets

A number of research analysts recently issued reports on PWP shares. Wall Street Zen upgraded shares of Perella Weinberg Partners from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings lowered shares of Perella Weinberg Partners from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, October 14th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $20.00 target price (up from $19.00) on shares of Perella Weinberg Partners in a research note on Friday. Finally, The Goldman Sachs Group increased their price target on Perella Weinberg Partners from $14.50 to $16.00 and gave the stock a “sell” rating in a report on Monday, August 3rd. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $21.75.

Perella Weinberg Partners Company Profile

Perella Weinberg Partners (NASDAQ: PWP) is an independent investment banking and financial services firm that provides strategic and financial advice to corporations, financial institutions, governments, and other organizations. The firm focuses on complex, high-value transactions and situations that require specialized advice and senior-level expertise.

Its services include mergers and acquisitions, strategic transactions, financial restructurings, capital markets advisory, and private capital advisory.