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.
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.
Featured Article: How does a dividend reinvestment plan work?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for PJT Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PJT Partners and related companies with MarketBeat.com's FREE daily email newsletter.