Perella Weinberg Partners (NASDAQ:PWP) Posts Quarterly Earnings Results

Perella Weinberg Partners (NASDAQ:PWP) posted its quarterly earnings results on Friday. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.26, Briefing.com reports. Perella Weinberg Partners had a positive return on equity of 17.87% and a negative net margin of 7.74%. The business had revenue of $272.00 million for the quarter, compared to the consensus estimate of $179.35 million. During the same quarter in the prior year, the company earned $0.16 EPS. The business’s revenue was up 64.3% compared to the same quarter last year.

Perella Weinberg Partners Trading Down 2.4 %

Shares of PWP traded down $0.44 during midday trading on Friday, hitting $17.85. 1,312,057 shares of the company’s stock traded hands, compared to its average volume of 542,349. Perella Weinberg Partners has a 1 year low of $9.30 and a 1 year high of $19.52. The firm’s fifty day moving average is $16.18 and its 200-day moving average is $14.65. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of -9.60 and a beta of 1.50.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on PWP shares. JMP Securities upped their price target on shares of Perella Weinberg Partners from $18.00 to $22.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 9th. Keefe, Bruyette & Woods raised their price objective on Perella Weinberg Partners from $18.00 to $19.00 and gave the company an “outperform” rating in a research report on Friday, July 12th.

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.