PJT Partners Inc (PJT) Expected to Announce Earnings of $0.40 Per Share

Equities analysts forecast that PJT Partners Inc (NYSE:PJT) will post $0.40 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for PJT Partners’ earnings, with estimates ranging from $0.34 to $0.46. PJT Partners posted earnings of $0.38 per share during the same quarter last year, which suggests a positive year over year growth rate of 5.3%. The business is scheduled to issue its next quarterly earnings report on Tuesday, May 1st.

On average, analysts expect that PJT Partners will report full year earnings of $2.16 per share for the current fiscal year, with EPS estimates ranging from $1.81 to $2.50. For the next fiscal year, analysts anticipate that the firm will report earnings of $3.13 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover PJT Partners.

PJT Partners (NYSE:PJT) last issued its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.12. PJT Partners had a negative net margin of 6.52% and a negative return on equity of 50.51%. The company had revenue of $190.55 million during the quarter.

A number of research analysts recently weighed in on the stock. Zacks Investment Research raised shares of PJT Partners from a “sell” rating to a “hold” rating in a research report on Thursday, January 4th. Sandler O’Neill set a $55.00 target price on shares of PJT Partners and gave the company a “buy” rating in a research report on Thursday, January 11th. Finally, Buckingham Research assumed coverage on shares of PJT Partners in a research report on Wednesday, January 3rd. They issued a “neutral” rating and a $51.00 target price for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $48.60.

Institutional investors have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund grew its position in PJT Partners by 13.3% in the third quarter. New York State Common Retirement Fund now owns 107,253 shares of the financial services provider’s stock valued at $4,109,000 after purchasing an additional 12,570 shares in the last quarter. Prudential Financial Inc. bought a new position in shares of PJT Partners in the 3rd quarter valued at about $2,123,000. Royal Bank of Canada grew its position in shares of PJT Partners by 283.2% in the 2nd quarter. Royal Bank of Canada now owns 9,324 shares of the financial services provider’s stock valued at $375,000 after acquiring an additional 6,891 shares during the period. Vanguard Group Inc. grew its position in shares of PJT Partners by 6.4% in the 2nd quarter. Vanguard Group Inc. now owns 697,533 shares of the financial services provider’s stock valued at $28,055,000 after acquiring an additional 41,741 shares during the period. Finally, University of Notre Dame DU Lac grew its position in shares of PJT Partners by 19.1% in the 3rd quarter. University of Notre Dame DU Lac now owns 123,858 shares of the financial services provider’s stock valued at $4,745,000 after acquiring an additional 19,850 shares during the period. 58.28% of the stock is owned by institutional investors and hedge funds.

PJT Partners (PJT) opened at $45.87 on Monday. The firm has a market cap of $852.96, a price-to-earnings ratio of -26.36, a P/E/G ratio of 0.80 and a beta of 0.41. PJT Partners has a 12-month low of $32.61 and a 12-month high of $50.35.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Wednesday, March 7th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend is Tuesday, March 6th. PJT Partners’s dividend payout ratio (DPR) is currently -11.49%.

PJT Partners declared that its board has authorized a share repurchase plan on Tuesday, October 31st that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

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About PJT Partners

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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