PJT Partners (PJT) Earning Somewhat Positive Media Coverage, Study Finds
Media stories about PJT Partners (NYSE:PJT) have been trending somewhat positive on Friday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. PJT Partners earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 46.3271040306363 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- MOVES-Morgan Stanley banker Antakly leaves to join PJT Partners (finance.yahoo.com)
- PJT Partners, Inc. breached its 50 day moving average in a Bullish Manner : PJT-US : October 4, 2017 (finance.yahoo.com)
- MOVES-Morgan Stanley’s Antakly moves to PJT (finance.yahoo.com)
- Should You Buy Partner Jet Corp (TSXV:PJT) At $0.26? (finance.yahoo.com)
- Energy and Healthcare Companies to be Most Active in Out-of-Court Restructurings – PR Newswire (press release) (prnewswire.com)
PJT Partners (PJT) traded down 1.26% during trading on Friday, reaching $37.48. The company’s stock had a trading volume of 12,727 shares. PJT Partners has a one year low of $25.53 and a one year high of $45.38. The stock has a 50-day moving average of $37.59 and a 200 day moving average of $38.32. The firm’s market capitalization is $694.24 million.
PJT Partners (NYSE:PJT) last announced its earnings results on Wednesday, August 2nd. The financial services provider reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.07). PJT Partners had a negative net margin of 0.27% and a negative return on equity of 115.47%. The firm had revenue of $109.31 million for the quarter. On average, equities research analysts predict that PJT Partners will post $1.62 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 21st. Stockholders of record on Thursday, September 7th were given a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, September 6th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.53%. PJT Partners’s dividend payout ratio (DPR) is presently -200.00%.
Several equities analysts have weighed in on the company. JMP Securities assumed coverage on PJT Partners in a report on Monday, September 18th. They set an “outperform” rating and a $45.00 price target for the company. Zacks Investment Research cut PJT Partners from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, BidaskClub cut PJT Partners from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $45.67.
In related news, Director Dennis S. Hersch purchased 2,000 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was acquired at an average cost of $38.45 per share, for a total transaction of $76,900.00. Following the completion of the transaction, the director now directly owns 18,000 shares of the company’s stock, valued at $692,100. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.30% of the stock is owned by corporate insiders.
PJT Partners Company Profile
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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