FY2024 EPS Estimates for PJT Partners Reduced by Analyst

PJT Partners Inc. (NYSE:PJTFree Report) – Equities research analysts at Seaport Res Ptn reduced their FY2024 earnings per share estimates for shares of PJT Partners in a report issued on Monday, January 13th. Seaport Res Ptn analyst J. Mitchell now expects that the financial services provider will earn $4.20 per share for the year, down from their previous estimate of $4.40. The consensus estimate for PJT Partners’ current full-year earnings is $4.40 per share. Seaport Res Ptn also issued estimates for PJT Partners’ Q1 2025 earnings at $1.09 EPS and Q3 2025 earnings at $1.21 EPS.

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

Get Our Latest Analysis on PJT Partners

PJT Partners Trading Up 2.9 %

Shares of PJT stock opened at $156.65 on Wednesday. The firm’s 50 day moving average is $159.58 and its 200 day moving average is $138.73. The stock has a market capitalization of $3.71 billion, a P/E ratio of 39.76 and a beta of 0.66. PJT Partners has a 12 month low of $88.51 and a 12 month high of $168.92.

PJT Partners (NYSE:PJTGet Free Report) last released its quarterly earnings data 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. The business had revenue of $326.30 million for the quarter, compared to the consensus estimate of $313.46 million. PJT Partners had a net margin of 8.03% and a return on equity of 18.79%. The company’s revenue was up 17.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.78 earnings per share.

PJT Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th were issued a $0.25 dividend. The ex-dividend date was Wednesday, December 4th. This represents a $1.00 annualized dividend and a dividend yield of 0.64%. PJT Partners’s payout ratio is currently 25.38%.

Insider Buying and Selling

In other PJT Partners news, Director James Costos sold 1,500 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $161.41, for a total value of $242,115.00. Following the transaction, the director now directly 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kenneth C. Whitney sold 1,725 shares of PJT Partners stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $159.75, for a total value of $275,568.75. Following the sale, the director now owns 9,100 shares of the company’s stock, valued at approximately $1,453,725. This trade represents a 15.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,766 shares of company stock worth $762,980. Corporate insiders own 11.71% of the company’s stock.

Hedge Funds Weigh In On PJT Partners

A number of hedge funds and other institutional investors have recently bought and sold shares of PJT. Quarry LP lifted its holdings in shares of PJT Partners by 186.3% during the 3rd quarter. Quarry LP now owns 209 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 136 shares during the last quarter. GAMMA Investing LLC increased its stake in PJT Partners by 76.4% in the third quarter. GAMMA Investing LLC now owns 337 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 146 shares during the last quarter. KBC Group NV raised its position in PJT Partners by 113.0% during the third quarter. KBC Group NV now owns 803 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 426 shares in the last quarter. nVerses Capital LLC bought a new stake in PJT Partners during the third quarter worth about $213,000. Finally, D.A. Davidson & CO. purchased a new position in shares of PJT Partners in the 3rd quarter worth about $234,000. Hedge funds and other institutional investors own 89.23% of the company’s stock.

About PJT Partners

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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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