Wall Street analysts expect that PJT Partners Inc (NYSE:PJT) will report $0.46 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for PJT Partners’ earnings. PJT Partners reported earnings of $0.10 per share in the same quarter last year, which would indicate a positive year over year growth rate of 360%. The firm is scheduled to issue its next earnings results on Tuesday, October 30th.

On average, analysts expect that PJT Partners will report full-year earnings of $2.27 per share for the current fiscal year, with EPS estimates ranging from $2.25 to $2.29. For the next fiscal year, analysts expect that the business will report earnings of $2.91 per share. Zacks’ EPS averages are an average based on a survey of analysts that follow PJT Partners.

PJT Partners (NYSE:PJT) last released its earnings results on Tuesday, July 31st. The financial services provider reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.20. PJT Partners had a positive return on equity of 24.71% and a negative net margin of 4.11%. The business had revenue of $130.67 million for the quarter.

Several equities research analysts have commented on PJT shares. Bank of America downgraded PJT Partners from a “buy” rating to a “neutral” rating and set a $60.00 target price on the stock. in a report on Monday, July 16th. They noted that the move was a valuation call. Zacks Investment Research downgraded PJT Partners from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 18th. Sandler O’Neill set a $62.00 target price on PJT Partners and gave the stock a “hold” rating in a report on Wednesday, August 1st. Finally, TheStreet raised PJT Partners from a “d” rating to a “c” rating in a report on Monday, September 17th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $58.50.

PJT Partners stock traded up $0.29 during mid-day trading on Friday, hitting $53.26. The company had a trading volume of 171,738 shares, compared to its average volume of 90,381. PJT Partners has a 12 month low of $35.53 and a 12 month high of $61.18. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 34.58 and a beta of 0.34.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 19th. Stockholders of record on Wednesday, September 5th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.38%. The ex-dividend date of this dividend was Tuesday, September 4th. PJT Partners’s dividend payout ratio is currently 12.99%.

Several hedge funds have recently bought and sold shares of the company. FMR LLC increased its position in PJT Partners by 78.9% during the second quarter. FMR LLC now owns 1,851,734 shares of the financial services provider’s stock valued at $98,864,000 after acquiring an additional 816,714 shares during the last quarter. Eagle Asset Management Inc. increased its position in PJT Partners by 176.2% during the second quarter. Eagle Asset Management Inc. now owns 846,102 shares of the financial services provider’s stock valued at $45,173,000 after acquiring an additional 539,716 shares during the last quarter. Carillon Tower Advisers Inc. purchased a new stake in PJT Partners during the second quarter valued at $13,713,000. BlackRock Inc. increased its position in PJT Partners by 18.7% during the second quarter. BlackRock Inc. now owns 1,495,152 shares of the financial services provider’s stock valued at $79,827,000 after acquiring an additional 235,094 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in PJT Partners by 37.5% during the second quarter. Renaissance Technologies LLC now owns 705,300 shares of the financial services provider’s stock valued at $37,656,000 after acquiring an additional 192,500 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

About PJT Partners

PJT Partners Inc provides various strategic advisory, 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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