PJT Partners Inc. (NYSE:PJT) to Post FY2020 Earnings of $4.22 Per Share, Piper Sandler Forecasts
PJT Partners Inc. (NYSE:PJT) – Stock analysts at Piper Sandler raised their FY2020 earnings per share estimates for PJT Partners in a research note issued on Wednesday, January 13th. Piper Sandler analyst S. Mody now anticipates that the financial services provider will post earnings per share of $4.22 for the year, up from their previous estimate of $4.14. Piper Sandler also issued estimates for PJT Partners’ Q4 2020 earnings at $1.13 EPS, Q1 2021 earnings at $0.96 EPS, Q2 2021 earnings at $0.98 EPS, Q3 2021 earnings at $1.02 EPS, Q4 2021 earnings at $1.08 EPS, FY2021 earnings at $4.03 EPS, Q1 2022 earnings at $1.09 EPS, Q2 2022 earnings at $1.12 EPS, Q3 2022 earnings at $1.17 EPS, Q4 2022 earnings at $1.23 EPS and FY2022 earnings at $4.60 EPS.
PJT Partners (NYSE:PJT) last released its earnings results on Tuesday, October 27th. The financial services provider reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.56. The firm had revenue of $297.56 million for the quarter, compared to analysts’ expectations of $205.99 million. PJT Partners had a return on equity of 23.22% and a net margin of 7.50%.
Shares of NYSE PJT opened at $78.07 on Thursday. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 30.62 and a beta of 0.95. The stock has a 50 day moving average price of $74.92 and a 200 day moving average price of $63.73. PJT Partners has a 52-week low of $23.63 and a 52-week high of $79.39.
Several institutional investors and hedge funds have recently modified their holdings of the company. First Trust Advisors LP lifted its position in PJT Partners by 8.0% during the 3rd quarter. First Trust Advisors LP now owns 44,977 shares of the financial services provider’s stock worth $2,726,000 after buying an additional 3,322 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of PJT Partners by 52.4% during the second quarter. Principal Financial Group Inc. now owns 120,564 shares of the financial services provider’s stock valued at $6,190,000 after purchasing an additional 41,470 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of PJT Partners by 7.8% during the second quarter. Vanguard Group Inc. now owns 1,120,362 shares of the financial services provider’s stock valued at $57,518,000 after purchasing an additional 80,789 shares during the last quarter. Standard Life Aberdeen plc purchased a new stake in shares of PJT Partners during the third quarter valued at $8,159,000. Finally, USA Financial Portformulas Corp purchased a new stake in shares of PJT Partners during the third quarter valued at $175,000. Hedge funds and other institutional investors own 68.35% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 16th. Stockholders of record on Wednesday, December 2nd were issued a dividend of $0.05 per share. The ex-dividend date was Tuesday, December 1st. This represents a $0.20 annualized dividend and a dividend yield of 0.26%. PJT Partners’s dividend payout ratio is presently 8.30%.
About PJT Partners
PJT Partners Inc, an investment bank, provides various strategic and shareholder advisory, restructuring and special situations, and private fund advisory and fundraising services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers a range of financial advisory and transaction execution capability, including mergers and acquisitions, joint ventures, minority investments, asset swaps, divestitures, takeover defenses, corporate finance advisory, private placements, and distressed sales.
Featured Article: How to Invest in a Bull Market
Receive News & Ratings for PJT Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PJT Partners and related companies with MarketBeat.com's FREE daily email newsletter.