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%.

PJT has been the subject of a number of other research reports. JMP Securities boosted their price target on PJT Partners from $70.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, October 28th. ValuEngine lowered PJT Partners from a “hold” rating to a “sell” rating in a report on Saturday, November 21st. Zacks Investment Research upgraded PJT Partners from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a report on Friday, December 18th. BidaskClub lowered PJT Partners from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 30th. Finally, Seaport Global Securities assumed coverage on PJT Partners in a report on Wednesday, December 16th. They set a “buy” rating and a $91.00 target price for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. PJT Partners has an average rating of “Buy” and a consensus price target of $72.50.

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.

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Earnings History and Estimates for PJT Partners (NYSE:PJT)

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