PJT Partners Inc. (PJT) Scheduled to Post Earnings on Tuesday
PJT Partners Inc. (NYSE:PJT) will post its quarterly earnings results before the market opens on Tuesday, October 31st. Analysts expect PJT Partners to post earnings of $0.33 per share for the quarter.
PJT Partners (NYSE:PJT) last released its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.07). The company had revenue of $109.31 million for the quarter. PJT Partners had a negative return on equity of 115.47% and a negative net margin of 0.27%. On average, analysts expect PJT Partners to post $1.57 EPS for the current fiscal year and $2.02 EPS for the next fiscal year.
PJT Partners Inc. (NYSE PJT) traded down 0.0479% during trading on Tuesday, reaching $38.0018. The company’s stock had a trading volume of 12,488 shares. The firm has a 50-day moving average price of $37.27 and a 200-day moving average price of $38.56. The firm’s market capitalization is $703.91 million. PJT Partners Inc. has a 52 week low of $26.15 and a 52 week high of $45.38.
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Several research firms have issued reports on PJT. BidaskClub cut PJT Partners from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Zacks Investment Research cut PJT Partners from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, JMP Securities began coverage on PJT Partners in a report on Monday, September 18th. They issued an “outperform” rating and a $45.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $45.67.
In related news, Director Dennis S. Hersch purchased 2,000 shares of the company’s stock in a transaction on Monday, August 14th. The shares were bought at an average price of $38.45 per share, with a total value of $76,900.00. Following the completion of the acquisition, the director now owns 18,000 shares of the company’s stock, valued at $692,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.30% of the stock is currently owned by corporate insiders.
PJT Partners Company Profile
PJT Partners Inc is an advisory-focused investment bank. The Company offers an array of strategic advisory, restructuring and special situations and private fund advisory and placement services to corporations, financial sponsors, institutional investors and governments. It provides, through Park Hill Group, private fund advisory and placement services for alternative investment managers, including private equity funds, real estate funds and hedge funds.
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