PJT Partners (PJT) to Release Earnings on Tuesday

PJT Partners (NYSE:PJT) is expected to be announcing its earnings results before the market opens on Tuesday, February 4th. Analysts expect the company to announce earnings of $1.19 per share and revenue of $384.64 million for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

PJT Partners Price Performance

NYSE PJT opened at $165.10 on Monday. The company’s 50 day simple moving average is $160.46 and its 200 day simple moving average is $143.33. PJT Partners has a 12 month low of $88.51 and a 12 month high of $168.92. The company has a market capitalization of $3.91 billion, a P/E ratio of 41.90 and a beta of 0.66.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on PJT shares. JMP Securities downgraded shares of PJT Partners from an “outperform” rating to a “market perform” rating in a report on Monday, January 13th. UBS Group upgraded shares of PJT Partners from a “sell” rating to a “neutral” rating and upped their price objective for the company from $130.00 to $175.00 in a research note on Friday, December 6th. Citizens Jmp downgraded shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 13th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of PJT Partners from $159.00 to $152.00 and set a “market perform” rating for the company in a report on Monday, January 13th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $152.25.

Insider Buying and Selling at PJT Partners

In related news, Director Kenneth C. Whitney sold 1,725 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $159.75, for a total transaction of $275,568.75. Following the completion of the sale, the director now owns 9,100 shares in the company, valued at $1,453,725. This trade represents a 15.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel David Adam Travin sold 1,541 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $159.18, for a total transaction of $245,296.38. The disclosure for this sale can be found here. Insiders sold a total of 4,766 shares of company stock valued at $762,980 in the last ninety days. Company insiders own 11.71% of the company’s stock.

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.