PJT Partners (NYSE:PJT) Announces Quarterly Earnings Results

PJT Partners (NYSE:PJT) announced its quarterly earnings results on Tuesday. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.03, FiscalAI reports. The business had revenue of $418.20 million for the quarter, compared to the consensus estimate of $396.46 million. PJT Partners had a return on equity of 31.69% and a net margin of 10.51%.The business’s revenue was up 28.9% on a year-over-year basis. During the same quarter last year, the business posted $1.05 EPS.

Here are the key takeaways from PJT Partners’ conference call:

• Record Q1 financials: Revenues were $418 million (+29%), adjusted pre-tax income was $84 million (+49%) and adjusted as‑converted EPS was $1.54 (+47%); the firm repurchased ~$244 million of stock in Q1, announced a new $800 million buyback program and declared a $0.25 quarterly dividend, ending the quarter with ~ $388 million cash and no debt.
• Strategic Advisory momentum: The business delivered record performance, with mandate count up ~15% year‑over‑year and pre‑announced revenue pipeline at record levels, suggesting strong deal origination despite market volatility.
• Restructuring and PJT Park Hill strength: Restructuring revenues were comfortably above last year as liability‑management demand remains elevated, while PJT Park Hill saw significant growth in Private Capital Solutions and robust secondaries activity offsetting weaker primary fundraising.
• Cost and tax headwinds: Management expects adjusted compensation at ~66.5% of revenues and non‑comp expenses to grow ~12% for 2026; the effective tax rate rose to ~20.5% and near‑term AI and infrastructure investments could further increase expenses, putting pressure on margins.

PJT Partners Stock Performance

Shares of PJT Partners stock traded down $0.08 during trading on Thursday, reaching $151.97. The company’s stock had a trading volume of 301,400 shares, compared to its average volume of 353,729. The business’s fifty day moving average price is $145.33 and its 200-day moving average price is $162.19. The firm has a market cap of $3.67 billion, a price-to-earnings ratio of 22.87 and a beta of 0.88. PJT Partners has a one year low of $127.73 and a one year high of $195.62.

PJT Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd will be paid a $0.25 dividend. The ex-dividend date is Wednesday, June 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. PJT Partners’s payout ratio is presently 15.06%.

Hedge Funds Weigh In On PJT Partners

A number of institutional investors have recently made changes to their positions in the business. Morgan Stanley increased its stake in shares of PJT Partners by 7.5% in the fourth quarter. Morgan Stanley now owns 659,729 shares of the financial services provider’s stock worth $110,307,000 after purchasing an additional 45,758 shares during the period. Wasatch Advisors LP boosted its holdings in PJT Partners by 52.1% in the 4th quarter. Wasatch Advisors LP now owns 587,109 shares of the financial services provider’s stock valued at $98,165,000 after purchasing an additional 201,110 shares during the period. Invesco Ltd. boosted its holdings in PJT Partners by 3.2% in the 4th quarter. Invesco Ltd. now owns 535,857 shares of the financial services provider’s stock valued at $89,595,000 after purchasing an additional 16,445 shares during the period. Alliancebernstein L.P. boosted its holdings in PJT Partners by 9.8% in the 2nd quarter. Alliancebernstein L.P. now owns 528,689 shares of the financial services provider’s stock valued at $87,239,000 after purchasing an additional 47,279 shares during the period. Finally, Raymond James Financial Inc. boosted its holdings in PJT Partners by 6.7% in the 2nd quarter. Raymond James Financial Inc. now owns 490,566 shares of the financial services provider’s stock valued at $80,948,000 after purchasing an additional 30,860 shares during the period. 89.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PJT has been the topic of several recent research reports. Zacks Research downgraded PJT Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Wolfe Research reiterated an “underperform” rating and set a $150.00 price target on shares of PJT Partners in a research report on Wednesday, January 7th. Keefe, Bruyette & Woods raised their price objective on PJT Partners from $166.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday. UBS Group raised their price objective on PJT Partners from $152.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of PJT Partners in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $173.33.

PJT Partners Company Profile

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.