Perella Weinberg Partners (PWP) Expected to Announce Earnings on Friday

Perella Weinberg Partners (NASDAQ:PWP) will likely be releasing its earnings data before the market opens on Friday, February 7th. Analysts expect Perella Weinberg Partners to post earnings of $0.28 per share and revenue of $220.78 million for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Perella Weinberg Partners (NASDAQ:PWP) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.14. The company had revenue of $278.20 million for the quarter, compared to analysts’ expectations of $196.42 million. Perella Weinberg Partners had a negative return on equity of 295.65% and a negative net margin of 11.09%. The firm’s quarterly revenue was up 100.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.12 earnings per share.

Perella Weinberg Partners Trading Up 1.8 %

Shares of PWP stock opened at $26.07 on Friday. Perella Weinberg Partners has a twelve month low of $11.44 and a twelve month high of $27.03. The company has a market capitalization of $2.30 billion, a PE ratio of -11.00 and a beta of 1.58. The firm has a fifty day simple moving average of $24.66 and a 200-day simple moving average of $21.67.

Perella Weinberg Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date was Wednesday, December 4th. Perella Weinberg Partners’s dividend payout ratio is presently -11.81%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on PWP shares. JMP Securities raised their target price on Perella Weinberg Partners from $22.00 to $26.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods cut their price objective on shares of Perella Weinberg Partners from $28.00 to $27.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 14th.

Insider Activity

In other Perella Weinberg Partners news, CEO Andrew Bednar sold 300,579 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $24.48, for a total value of $7,358,173.92. Following the completion of the transaction, the chief executive officer now owns 566,386 shares of the company’s stock, valued at $13,865,129.28. This represents a 34.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Dietrich Becker sold 442,889 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $24.48, for a total transaction of $10,841,922.72. Following the transaction, the president now directly owns 379,140 shares of the company’s stock, valued at $9,281,347.20. The trade was a 53.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 43.53% of the stock is currently owned by corporate insiders.

About Perella Weinberg Partners

Perella Weinberg Partners, an independent investment banking company, provides strategic and financial advice services in the United States and internationally. The company offers advisory services related to strategic and financial decisions, mergers and acquisition execution, shareholder and defense advisory, and financing and capital solutions advice with resources focused on restructuring, liability management, and capital markets advisory, as well as underwriting and research services primarily for the energy and related industries.