Zacks: Analysts Expect PJT Partners Inc. (NYSE:PJT) to Post $0.66 Earnings Per Share


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Equities research analysts expect PJT Partners Inc. (NYSE:PJT) to post earnings of $0.66 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for PJT Partners’ earnings. The lowest EPS estimate is $0.61 and the highest is $0.70. PJT Partners posted earnings of $0.71 per share in the same quarter last year, which suggests a negative year over year growth rate of 7%. The firm is expected to announce its next earnings results on Tuesday, April 27th.

According to Zacks, analysts expect that PJT Partners will report full-year earnings of $4.23 per share for the current fiscal year, with EPS estimates ranging from $4.10 to $4.35. For the next financial year, analysts anticipate that the company will report earnings of $4.89 per share, with EPS estimates ranging from $4.80 to $4.97. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for PJT Partners.

PJT Partners (NYSE:PJT) last issued its earnings results on Tuesday, February 2nd. The financial services provider reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.70. PJT Partners had a net margin of 9.01% and a return on equity of 27.00%. The firm had revenue of $322.00 million for the quarter, compared to analyst estimates of $261.69 million.

PJT has been the topic of a number of recent research reports. Wolfe Research reiterated a “peer perform” rating on shares of PJT Partners in a report on Wednesday, April 14th. Keefe, Bruyette & Woods assumed coverage on shares of PJT Partners in a report on Thursday, March 25th. They set an “outperform” rating and a $85.00 price target on the stock. Finally, Zacks Investment Research lowered shares of PJT Partners from a “buy” rating to a “hold” rating in a report on Wednesday, April 7th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $77.83.

Shares of NYSE:PJT opened at $70.31 on Friday. The firm has a market cap of $1.68 billion, a PE ratio of 20.15 and a beta of 0.90. The firm’s fifty day moving average is $69.21 and its 200-day moving average is $71.31. PJT Partners has a 52 week low of $40.13 and a 52 week high of $81.82.

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 17th. Investors of record on Wednesday, March 3rd were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend was Tuesday, March 2nd. PJT Partners’s dividend payout ratio (DPR) is presently 8.30%.

A number of institutional investors have recently bought and sold shares of PJT. Federated Hermes Inc. increased its holdings in PJT Partners by 21,493.5% during the 4th quarter. Federated Hermes Inc. now owns 86,590 shares of the financial services provider’s stock worth $6,516,000 after acquiring an additional 86,189 shares during the period. BlackRock Inc. increased its holdings in shares of PJT Partners by 5.0% in the 4th quarter. BlackRock Inc. now owns 1,685,076 shares of the financial services provider’s stock worth $126,804,000 after buying an additional 80,210 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of PJT Partners in the 4th quarter worth $5,711,000. Brinker Capital Investments LLC bought a new position in shares of PJT Partners in the 3rd quarter worth $2,980,000. Finally, Renaissance Technologies LLC bought a new position in shares of PJT Partners in the 4th quarter worth $3,582,000. 68.05% of the stock is currently owned by institutional investors and hedge funds.

About PJT Partners

PJT Partners Inc, an investment bank, provides various strategic and shareholder advisory, restructuring and special situations, and capital markets advisory services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers a range of financial advisory and transaction execution capabilities, including mergers and acquisitions, joint ventures, minority investments, asset swaps, divestitures, and activism defense.

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Earnings History and Estimates for PJT Partners (NYSE:PJT)

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