Seaport Res Ptn Analysts Boost Earnings Estimates for PJT Partners Inc. (NYSE:PJT)

PJT Partners Inc. (NYSE:PJT) – Stock analysts at Seaport Res Ptn lifted their Q2 2024 earnings per share (EPS) estimates for shares of PJT Partners in a research report issued to clients and investors on Wednesday, July 10th. Seaport Res Ptn analyst J. Mitchell now forecasts that the financial services provider will post earnings of $0.82 per share for the quarter, up from their previous forecast of $0.57. The consensus estimate for PJT Partners’ current full-year earnings is $4.00 per share.

PJT has been the subject of several other reports. Keefe, Bruyette & Woods lifted their price objective on PJT Partners from $99.00 to $108.00 and gave the company a “market perform” rating in a report on Friday. UBS Group lifted their price objective on PJT Partners from $85.00 to $93.00 and gave the company a “sell” rating in a report on Tuesday. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $110.00 price objective on shares of PJT Partners in a report on Tuesday, April 9th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, PJT Partners currently has a consensus rating of “Hold” and an average price target of $99.80.

PJT Partners Price Performance

Shares of NYSE PJT opened at $113.16 on Friday. The stock has a market capitalization of $2.71 billion, a PE ratio of 31.17 and a beta of 0.62. The business has a fifty day moving average price of $105.46 and a two-hundred day moving average price of $100.31. PJT Partners has a fifty-two week low of $71.47 and a fifty-two week high of $114.09.

PJT Partners (NYSE:PJT) last released its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.53. The business had revenue of $329.39 million during the quarter, compared to the consensus estimate of $229.32 million. PJT Partners had a return on equity of 17.36% and a net margin of 7.57%. The firm’s quarterly revenue was up 64.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.54 EPS.

Institutional Investors Weigh In On PJT Partners

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Opal Wealth Advisors LLC bought a new stake in shares of PJT Partners in the 2nd quarter valued at about $30,000. OLD National Bancorp IN bought a new stake in shares of PJT Partners in the 2nd quarter valued at about $204,000. Park Place Capital Corp bought a new stake in shares of PJT Partners in the 2nd quarter valued at about $205,000. Teachers Retirement System of The State of Kentucky grew its position in shares of PJT Partners by 63.0% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 7,500 shares of the financial services provider’s stock valued at $707,000 after buying an additional 2,900 shares during the last quarter. Finally, Woodson Capital Management LP grew its position in shares of PJT Partners by 8.8% in the 1st quarter. Woodson Capital Management LP now owns 87,000 shares of the financial services provider’s stock valued at $8,201,000 after buying an additional 7,000 shares during the last quarter. Institutional investors own 89.23% of the company’s stock.

PJT Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Wednesday, June 5th were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, June 5th. This represents a $1.00 dividend on an annualized basis and a yield of 0.88%. PJT Partners’s dividend payout ratio is currently 27.55%.

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.