Wall Street brokerages expect that PJT Partners Inc. (NYSE:PJT) will announce $0.94 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for PJT Partners’ earnings. The highest EPS estimate is $0.96 and the lowest is $0.92. PJT Partners posted earnings per share of $1.00 during the same quarter last year, which would suggest a negative year over year growth rate of 6%. The company is expected to announce its next quarterly earnings results before the market opens on Thursday, July 29th.
On average, analysts expect that PJT Partners will report full-year earnings of $4.63 per share for the current year, with EPS estimates ranging from $4.50 to $4.75. For the next financial year, analysts anticipate that the company will report earnings of $5.19 per share, with EPS estimates ranging from $5.12 to $5.25. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow PJT Partners.
PJT Partners (NYSE:PJT) last released its quarterly earnings data on Tuesday, April 27th. The financial services provider reported $0.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.16. PJT Partners had a net margin of 11.84% and a return on equity of 32.01%. The firm had revenue of $206.70 million for the quarter, compared to analyst estimates of $181.89 million.
Several hedge funds have recently bought and sold shares of PJT. TimesSquare Capital Management LLC grew its stake in PJT Partners by 146.7% in the 1st quarter. TimesSquare Capital Management LLC now owns 538,700 shares of the financial services provider’s stock valued at $36,443,000 after acquiring an additional 320,300 shares during the period. Klingman & Associates LLC grew its stake in PJT Partners by 247.4% in the 1st quarter. Klingman & Associates LLC now owns 433,471 shares of the financial services provider’s stock valued at $29,324,000 after acquiring an additional 308,701 shares during the period. Standard Life Aberdeen plc grew its stake in PJT Partners by 63.4% in the 1st quarter. Standard Life Aberdeen plc now owns 766,259 shares of the financial services provider’s stock valued at $51,964,000 after acquiring an additional 297,186 shares during the period. Citadel Advisors LLC grew its stake in PJT Partners by 569.7% in the 1st quarter. Citadel Advisors LLC now owns 139,576 shares of the financial services provider’s stock valued at $9,442,000 after acquiring an additional 118,734 shares during the period. Finally, Redwood Investments LLC grew its stake in PJT Partners by 58.0% in the 1st quarter. Redwood Investments LLC now owns 284,466 shares of the financial services provider’s stock valued at $19,244,000 after acquiring an additional 104,456 shares during the period. 66.79% of the stock is currently owned by institutional investors and hedge funds.
Shares of PJT Partners stock opened at $74.18 on Thursday. The business’s fifty day simple moving average is $71.70. PJT Partners has a 1 year low of $51.91 and a 1 year high of $81.82. The stock has a market capitalization of $1.83 billion, a PE ratio of 15.52 and a beta of 0.95.
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 16th. Stockholders of record on Wednesday, June 2nd were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend was Tuesday, June 1st. PJT Partners’s payout ratio is currently 4.06%.
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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