PJT Partners (NYSE:PJT) Releases Quarterly Earnings Results, Beats Expectations By $0.14 EPS

PJT Partners (NYSE:PJT) released its earnings results on Tuesday. The financial services provider reported $2.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.41 by $0.14, FiscalAI reports. The company had revenue of $535.16 million for the quarter, compared to the consensus estimate of $533.32 million. PJT Partners had a net margin of 10.51% and a return on equity of 32.98%. PJT Partners’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.90 EPS.

Here are the key takeaways from PJT Partners’ conference call:

• PJT reported record 2025 financials — total revenues of $1.714 billion (+15%), adjusted pre‑tax income of $357 million, adjusted EPS of $6.98, ended the year with $586 million in cash after a record $384 million of share repurchases and the board approved a $0.25 quarterly dividend.
• All businesses contributed to growth — Strategic Advisory was the primary driver, Restructuring remained elevated with a record Q4, and PJT Park Hill delivered its strongest quarter ever; management says the pre‑announced Strategic Advisory pipeline is near record levels.
• Margin dynamics improving — adjusted compensation ratio fell to 67.1% for 2025 (66.2% in Q4) and management expects further progress on compensation leverage, with 2026 comp guidance to be provided with Q1 results.
• Adjusted non‑compensation expenses rose (up ~12% in 2025) driven by higher occupancy and travel, and the firm expects non‑comp expense growth in 2026 to be similar, which could moderate margin upside.
• Reporting change — PJT will present a single revenue line going forward (no longer separating advisory/placement) because management says the prior designations no longer reflect how the firm is managed.

PJT Partners Stock Performance

NYSE:PJT traded down $1.86 during trading hours on Thursday, reaching $161.20. The stock had a trading volume of 19,950 shares, compared to its average volume of 265,855. The stock has a market cap of $3.92 billion, a P/E ratio of 24.26 and a beta of 0.82. The stock has a 50 day simple moving average of $174.62 and a 200 day simple moving average of $175.98. PJT Partners has a 12-month low of $119.76 and a 12-month high of $195.62.

PJT Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, March 4th. PJT Partners’s payout ratio is 15.38%.

Institutional Trading of PJT Partners

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State of Wyoming bought a new stake in PJT Partners during the second quarter valued at $63,000. Quadrant Capital Group LLC purchased a new position in shares of PJT Partners during the third quarter worth about $90,000. United Services Automobile Association bought a new position in shares of PJT Partners in the first quarter worth approximately $212,000. Cetera Investment Advisers purchased a new stake in PJT Partners in the second quarter valued at approximately $239,000. Finally, Ausdal Financial Partners Inc. bought a new stake in PJT Partners during the third quarter valued at approximately $258,000. 89.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. UBS Group began coverage on shares of PJT Partners in a report on Thursday, December 11th. They set a “neutral” rating and a $180.00 price objective on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of PJT Partners in a research note on Thursday, January 22nd. Evercore ISI set a $180.00 price objective on PJT Partners in a research note on Monday, October 13th. Wolfe Research reaffirmed an “underperform” rating and set a $150.00 target price on shares of PJT Partners in a research report on Wednesday, January 7th. Finally, Zacks Research cut PJT Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $179.50.

About PJT Partners

PJT Partners is a global advisory-focused investment bank that delivers strategic advisory, restructuring and special situations, and capital solutions to corporations, partnerships, and governments. The firm operates through three primary business segments: Strategic Advisory, which covers mergers and acquisitions, shareholder advisory, and capital markets advisory; Restructuring and Special Situations, which provides advice on debt and liability management, distressed mergers and acquisitions, and financial restructurings; and Park Hill, the firm’s dedicated capital-raising and secondary advisory business for private equity, real estate, hedge funds, and infrastructure.

The Strategic Advisory practice at PJT Partners assists clients with complex transactions such as cross-border mergers, spin-offs, divestitures, and takeover defenses, drawing on deep industry expertise and global reach.