PJT Partners (PJT) Projected to Post Quarterly Earnings on Tuesday

PJT Partners (NYSE:PJT) is expected to be releasing its earnings data before the market opens on Tuesday, February 4th. Analysts expect PJT Partners to post earnings of $1.19 per share and revenue of $384,640.00 billion for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

PJT Partners (NYSE:PJT) last posted its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $0.93 EPS for the quarter, beating the consensus estimate of $0.91 by $0.02. PJT Partners had a net margin of 8.03% and a return on equity of 18.79%. The business had revenue of $326.30 million for the quarter, compared to analysts’ expectations of $313.46 million. During the same period in the previous year, the company posted $0.78 EPS. PJT Partners’s revenue was up 17.2% on a year-over-year basis. On average, analysts expect PJT Partners to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

PJT Partners Trading Down 1.5 %

Shares of NYSE:PJT opened at $161.95 on Tuesday. The firm has a market cap of $3.84 billion, a price-to-earnings ratio of 41.10 and a beta of 0.66. PJT Partners has a 1 year low of $88.51 and a 1 year high of $168.92. The business has a fifty day simple moving average of $159.89 and a 200 day simple moving average of $141.64.

Insider Buying and Selling

In related news, Director James Costos sold 1,500 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $161.41, for a total transaction of $242,115.00. Following the completion of the sale, the director now owns 9,360 shares in the company, valued at $1,510,797.60. This represents a 13.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kenneth C. Whitney sold 1,725 shares of PJT Partners stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $159.75, for a total value of $275,568.75. Following the completion of the transaction, the director now directly owns 9,100 shares in the company, valued at approximately $1,453,725. This represents a 15.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,766 shares of company stock worth $762,980. 11.71% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PJT. UBS Group upgraded PJT Partners from a “sell” rating to a “neutral” rating and lifted their price target for the company from $130.00 to $175.00 in a report on Friday, December 6th. Citizens Jmp cut shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 13th. JMP Securities lowered shares of PJT Partners from an “outperform” rating to a “market perform” rating in a research note on Monday, January 13th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of PJT Partners from $159.00 to $152.00 and set a “market perform” rating for the company in a research note on Monday, January 13th. Five analysts have rated the stock with a hold rating, According to MarketBeat, PJT Partners presently has an average rating of “Hold” and a consensus price target of $152.25.

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.