$0.35 EPS Expected for PJT Partners Inc (PJT) This Quarter

Brokerages predict that PJT Partners Inc (NYSE:PJT) will report $0.35 earnings per share for the current quarter, Zacks reports. Zero analysts have issued estimates for PJT Partners’ earnings, with the highest EPS estimate coming in at $0.46 and the lowest estimate coming in at $0.24. PJT Partners reported earnings per share of $0.38 in the same quarter last year, which would suggest a negative year-over-year growth rate of 7.9%. The firm is scheduled to announce its next 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 financial year, with EPS estimates ranging from $1.81 to $2.50. For the next year, analysts forecast that the company will post earnings of $3.13 per share. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow PJT Partners.

PJT Partners (NYSE:PJT) last posted its earnings results on Wednesday, February 7th. The financial services provider reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.12. The business had revenue of $190.55 million for the quarter. PJT Partners had a negative net margin of 6.52% and a negative return on equity of 50.51%.

A number of research firms have commented on PJT. 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. Zacks Investment Research raised shares of PJT Partners from a “sell” rating to a “hold” rating in a research report on Thursday, January 4th. Finally, Buckingham Research began coverage on shares of PJT Partners in a research report on Wednesday, January 3rd. They issued a “neutral” rating and a $51.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $48.60.

PJT Partners (NYSE:PJT) opened at $48.24 on Monday. The company has a market cap of $885.69, a PE ratio of -27.72, a price-to-earnings-growth ratio of 0.83 and a beta of 0.41. PJT Partners has a 12-month low of $32.61 and a 12-month high of $50.35.

PJT Partners declared that its Board of Directors has initiated a share repurchase program on Tuesday, October 31st that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders 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 dividend yield of 0.41%. The ex-dividend date of this dividend is Tuesday, March 6th. PJT Partners’s payout ratio is currently -11.49%.

Several institutional investors have recently modified their holdings of PJT. SG Americas Securities LLC purchased a new position in shares of PJT Partners in the 3rd quarter worth approximately $168,000. UBS Asset Management Americas Inc. purchased a new position in shares of PJT Partners in the 2nd quarter worth approximately $213,000. Trexquant Investment LP purchased a new position in shares of PJT Partners in the 3rd quarter worth approximately $245,000. Teacher Retirement System of Texas purchased a new position in shares of PJT Partners in the 4th quarter worth approximately $275,000. Finally, Archford Capital Strategies LLC grew its position in shares of PJT Partners by 85,486.4% in the 2nd quarter. Archford Capital Strategies LLC now owns 18,829 shares of the financial services provider’s stock worth $300,000 after buying an additional 18,807 shares during the last quarter. 58.28% of the stock is currently owned by hedge funds and other institutional investors.

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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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