PJT Partners Inc. (NYSE:PJT) – Piper Sandler lifted their FY2020 earnings per share estimates for shares of PJT Partners in a report released on Wednesday, January 13th. Piper Sandler analyst S. Mody now forecasts that the financial services provider will earn $4.22 per share for the year, up from their previous estimate of $4.14. Piper Sandler also issued estimates for PJT Partners’ Q4 2020 earnings at $1.13 EPS, Q1 2021 earnings at $0.96 EPS, Q2 2021 earnings at $0.98 EPS, Q3 2021 earnings at $1.02 EPS, Q4 2021 earnings at $1.08 EPS, FY2021 earnings at $4.03 EPS, Q1 2022 earnings at $1.09 EPS, Q2 2022 earnings at $1.12 EPS, Q3 2022 earnings at $1.17 EPS, Q4 2022 earnings at $1.23 EPS and FY2022 earnings at $4.60 EPS.
Several other equities research analysts also recently weighed in on the company. BidaskClub downgraded PJT Partners from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 30th. Seaport Global Securities initiated coverage on PJT Partners in a research note on Wednesday, December 16th. They set a “buy” rating and a $91.00 price target for the company. Zacks Investment Research upgraded PJT Partners from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research report on Friday, December 18th. JMP Securities upped their target price on PJT Partners from $70.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, October 28th. Finally, ValuEngine lowered PJT Partners from a “hold” rating to a “sell” rating in a report on Saturday, November 21st. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. PJT Partners currently has a consensus rating of “Buy” and an average target price of $72.50.
PJT Partners (NYSE:PJT) last announced its quarterly earnings results on Tuesday, October 27th. The financial services provider reported $1.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.56. The firm had revenue of $297.56 million during the quarter, compared to the consensus estimate of $205.99 million. PJT Partners had a return on equity of 23.22% and a net margin of 7.50%.
A number of large investors have recently modified their holdings of the business. Private Advisor Group LLC purchased a new position in shares of PJT Partners in the 2nd quarter worth about $33,000. Nisa Investment Advisors LLC raised its holdings in shares of PJT Partners by 145.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,265 shares of the financial services provider’s stock valued at $77,000 after buying an additional 750 shares during the period. Smith Asset Management Group LP purchased a new stake in PJT Partners during the 3rd quarter worth approximately $101,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of PJT Partners during the third quarter worth approximately $103,000. Finally, Prospera Financial Services Inc acquired a new stake in shares of PJT Partners during the third quarter worth approximately $106,000. 68.35% of the stock is currently owned by hedge funds and other institutional investors.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 16th. Shareholders of record on Wednesday, December 2nd were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend was Tuesday, December 1st. PJT Partners’s payout ratio is 8.30%.
PJT Partners Company Profile
PJT Partners Inc, an investment bank, provides various strategic and shareholder advisory, restructuring and special situations, and private fund advisory and fundraising 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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