PJT Partners (NYSE:PJT – Get Free Report) posted its quarterly earnings results on Tuesday. The financial services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $0.70 by $0.49, Briefing.com reports. The firm had revenue of $360.00 million for the quarter, compared to the consensus estimate of $281.93 million. PJT Partners had a net margin of 7.96% and a return on equity of 18.12%. The business’s revenue was up 4.0% compared to the same quarter last year. During the same period last year, the firm posted $0.99 earnings per share.
PJT Partners Trading Up 2.2 %
Shares of PJT stock opened at $133.04 on Thursday. PJT Partners has a 12 month low of $71.47 and a 12 month high of $136.90. The stock has a market cap of $3.19 billion, a PE ratio of 36.65 and a beta of 0.62. The company’s fifty day moving average price is $110.97 and its 200-day moving average price is $102.50.
PJT Partners Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Wednesday, September 4th. PJT Partners’s dividend payout ratio (DPR) is presently 27.55%.
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About PJT Partners
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.
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