PJT Partners (NYSE:PJT – Get Free Report) issued its quarterly earnings results on Tuesday. The financial services provider reported $1.90 EPS for the quarter, topping the consensus estimate of $1.19 by $0.71, Zacks reports. PJT Partners had a net margin of 8.03% and a return on equity of 18.79%. The firm had revenue of $477.30 million for the quarter, compared to analysts’ expectations of $384.64 million. During the same period in the previous year, the business earned $0.96 earnings per share. PJT Partners’s revenue for the quarter was up 45.3% compared to the same quarter last year.
PJT Partners Stock Up 0.1 %
Shares of NYSE:PJT opened at $177.14 on Thursday. The company’s fifty day moving average is $160.83 and its two-hundred day moving average is $144.28. PJT Partners has a 12-month low of $88.51 and a 12-month high of $190.27. The company has a market cap of $4.20 billion, a P/E ratio of 44.80 and a beta of 0.67.
PJT Partners Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.56%. The ex-dividend date is Wednesday, March 5th. PJT Partners’s dividend payout ratio (DPR) is currently 25.38%.
Insider Buying and Selling
Analyst Ratings Changes
Several equities research analysts have commented on the stock. JMP Securities cut shares of PJT Partners from an “outperform” rating to a “market perform” rating in a research report on Monday, January 13th. UBS Group raised PJT Partners from a “sell” rating to a “neutral” rating and upped their price target for the company from $130.00 to $175.00 in a report on Friday, December 6th. Citizens Jmp cut PJT Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, January 13th. Finally, Keefe, Bruyette & Woods upped their price target on PJT Partners from $152.00 to $177.00 and gave the company a “market perform” rating in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $158.50.
Read Our Latest Report on PJT Partners
About PJT Partners
PJT Partners Inc, an investment bank, provides various strategic and capital markets advisory, restructuring and special situations, and shareholder advisory services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers advisory services to clients on various transactions, including mergers and acquisitions (M&A), spin-offs, activism defense, contested M&A, joint ventures, minority investments, and divestitures.
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