FY2024 EPS Estimates for PJT Partners Increased by Analyst

PJT Partners Inc. (NYSE:PJT) – Equities researchers at Seaport Res Ptn boosted their FY2024 earnings estimates for shares of PJT Partners in a research report issued on Tuesday, October 29th. Seaport Res Ptn analyst J. Mitchell now expects that the financial services provider will earn $4.40 per share for the year, up from their prior estimate of $4.35. The consensus estimate for PJT Partners’ current full-year earnings is $4.35 per share. Seaport Res Ptn also issued estimates for PJT Partners’ Q1 2025 earnings at $1.11 EPS, Q2 2025 earnings at $1.22 EPS, Q4 2025 earnings at $1.87 EPS and FY2026 earnings at $6.40 EPS.

PJT Partners (NYSE:PJT) last issued its earnings results on Tuesday, October 29th. The financial services provider reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.19. The company had revenue of $326.30 million during the quarter, compared to the consensus estimate of $313.46 million. PJT Partners had a return on equity of 18.04% and a net margin of 7.96%. The company’s revenue was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.78 earnings per share.

Other research analysts have also recently issued reports about the stock. The Goldman Sachs Group boosted their target price on shares of PJT Partners from $115.00 to $132.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. JMP Securities upped their price objective on shares of PJT Partners from $142.00 to $150.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $128.00 target price (up from $108.00) on shares of PJT Partners in a research report on Wednesday, July 31st. Finally, UBS Group increased their price target on PJT Partners from $110.00 to $120.00 and gave the company a “sell” rating in a report on Tuesday, October 8th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $123.80.

PJT Partners Stock Down 0.6 %

NYSE PJT opened at $137.82 on Thursday. PJT Partners has a fifty-two week low of $76.22 and a fifty-two week high of $151.10. The business has a 50 day moving average price of $132.45 and a two-hundred day moving average price of $116.96. The stock has a market cap of $3.31 billion, a PE ratio of 37.97 and a beta of 0.61.

PJT Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $1.00 annualized dividend and a dividend yield of 0.73%. PJT Partners’s payout ratio is 27.55%.

Insider Transactions at PJT Partners

In other PJT Partners news, Director Grace Reksten Skaugen sold 2,015 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $124.86, for a total transaction of $251,592.90. Following the sale, the director now owns 500 shares in the company, valued at $62,430. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, Director Kievdi Don Cornwell sold 11,586 shares of PJT Partners stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $123.49, for a total value of $1,430,755.14. Following the completion of the transaction, the director now directly owns 8,339 shares of the company’s stock, valued at approximately $1,029,783.11. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Grace Reksten Skaugen sold 2,015 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $124.86, for a total transaction of $251,592.90. Following the sale, the director now owns 500 shares in the company, valued at approximately $62,430. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,601 shares of company stock valued at $2,870,848. Insiders own 10.67% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of PJT Partners by 0.7% during the first quarter. Vanguard Group Inc. now owns 2,447,154 shares of the financial services provider’s stock valued at $230,669,000 after acquiring an additional 17,463 shares during the period. Dimensional Fund Advisors LP lifted its position in PJT Partners by 5.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 458,216 shares of the financial services provider’s stock valued at $49,446,000 after purchasing an additional 22,117 shares during the last quarter. Champlain Investment Partners LLC acquired a new position in PJT Partners during the 1st quarter valued at about $43,029,000. Congress Asset Management Co. grew its position in PJT Partners by 29.6% in the 3rd quarter. Congress Asset Management Co. now owns 317,974 shares of the financial services provider’s stock worth $42,399,000 after purchasing an additional 72,582 shares during the last quarter. Finally, Klingman & Associates LLC increased its stake in shares of PJT Partners by 5.2% in the first quarter. Klingman & Associates LLC now owns 157,056 shares of the financial services provider’s stock valued at $14,804,000 after purchasing an additional 7,754 shares during the period. Institutional investors and hedge funds own 89.23% of the company’s stock.

PJT Partners Company Profile

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.