Q3 2024 Earnings Forecast for PJT Partners Inc. (NYSE:PJT) Issued By Seaport Res Ptn

PJT Partners Inc. (NYSE:PJT) – Stock analysts at Seaport Res Ptn reduced their Q3 2024 EPS estimates for PJT Partners in a research report issued on Wednesday, July 10th. Seaport Res Ptn analyst J. Mitchell now anticipates that the financial services provider will post earnings of $0.74 per share for the quarter, down from their prior estimate of $0.91. The consensus estimate for PJT Partners’ current full-year earnings is $4.00 per share. Seaport Res Ptn also issued estimates for PJT Partners’ Q4 2024 earnings at $1.45 EPS.

Other equities research analysts have also recently issued research reports about the company. JMP Securities reiterated a “market outperform” rating and issued a $110.00 price objective on shares of PJT Partners in a research note on Tuesday, April 9th. UBS Group upped their price objective on PJT Partners from $85.00 to $93.00 and gave the stock a “sell” rating in a report on Tuesday. Finally, Keefe, Bruyette & Woods raised their target price on PJT Partners from $99.00 to $108.00 and gave the company a “market perform” rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, PJT Partners has a consensus rating of “Hold” and an average price target of $99.80.

PJT Partners Stock Up 1.5 %

Shares of PJT opened at $113.16 on Thursday. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 31.17 and a beta of 0.62. PJT Partners has a 52-week low of $71.47 and a 52-week high of $114.09. The stock has a 50 day moving average price of $105.46 and a 200 day moving average price of $100.31.

PJT Partners (NYSE:PJT) last released its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.53. PJT Partners had a return on equity of 17.36% and a net margin of 7.57%. The business had revenue of $329.39 million for the quarter, compared to the consensus estimate of $229.32 million. During the same quarter in the prior year, the business posted $0.54 EPS. The business’s revenue for the quarter was up 64.7% on a year-over-year basis.

Institutional Investors Weigh In On PJT Partners

Institutional investors and hedge funds have recently bought and sold shares of the stock. Opal Wealth Advisors LLC purchased a new stake in shares of PJT Partners in the second quarter valued at $30,000. Fidelis Capital Partners LLC purchased a new stake in shares of PJT Partners in the first quarter worth about $39,000. EntryPoint Capital LLC grew its stake in shares of PJT Partners by 27.6% in the first quarter. EntryPoint Capital LLC now owns 1,662 shares of the financial services provider’s stock valued at $157,000 after buying an additional 359 shares in the last quarter. Shell Asset Management Co. raised its holdings in shares of PJT Partners by 41.0% during the 1st quarter. Shell Asset Management Co. now owns 2,074 shares of the financial services provider’s stock valued at $195,000 after buying an additional 603 shares during the period. Finally, OLD National Bancorp IN purchased a new stake in PJT Partners during the 2nd quarter worth $204,000. Hedge funds and other institutional investors own 89.23% of the company’s stock.

PJT Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Wednesday, June 5th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.88%. The ex-dividend date was Wednesday, June 5th. PJT Partners’s dividend payout ratio (DPR) is presently 27.55%.

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.