PJT Partners Inc. (NYSE:PJT) to Issue $0.25 Quarterly Dividend

PJT Partners Inc. (NYSE:PJT) announced a quarterly dividend on Tuesday, February 3rd. Investors of record on Wednesday, March 4th will be paid a dividend of 0.25 per share by the financial services provider on Wednesday, March 18th. This represents a c) annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Wednesday, March 4th.

PJT Partners has increased its dividend by an average of 0.4%annually over the last three years. PJT Partners has a payout ratio of 14.5% meaning its dividend is sufficiently covered by earnings. Analysts expect PJT Partners to earn $7.25 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 13.8%.

PJT Partners Stock Down 7.7%

Shares of NYSE:PJT traded down $13.40 during trading on Tuesday, hitting $160.60. 613,184 shares of the company were exchanged, compared to its average volume of 265,831. PJT Partners has a 1-year low of $119.76 and a 1-year high of $195.62. The company has a market capitalization of $3.90 billion, a P/E ratio of 24.71 and a beta of 0.82. The business’s 50 day moving average is $174.73 and its 200-day moving average is $176.08.

PJT Partners (NYSE:PJT) last posted its earnings results on Tuesday, February 3rd. The financial services provider reported $2.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.41 by $0.14. PJT Partners had a net margin of 10.75% and a return on equity of 29.66%. The firm had revenue of $535.16 million for the quarter, compared to analyst estimates of $533.32 million. During the same period in the previous year, the firm posted $1.90 EPS. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that PJT Partners will post 6.2 earnings per share for the current year.

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.