Perella Weinberg Partners (NASDAQ:PWP) Posts Quarterly Earnings Results, Beats Estimates By $0.14 EPS

Perella Weinberg Partners (NASDAQ:PWP) released its earnings results on Friday, July 31st. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.14, FiscalAI reports. Perella Weinberg Partners had a net margin of 3.19% and a negative return on equity of 35.84%. The business had revenue of $156.53 million for the quarter, compared to the consensus estimate of $144.76 million.

Here are the key takeaways from Perella Weinberg Partners’ conference call:

• Business momentum accelerated: year-to-date announcements increased sharply, with nearly 40% occurring since the start of June. Announced and pending backlog is up nearly 2.5 times year over year, while booked revenue plus backlog is up more than 30%.
• Second-quarter revenue rose 1% year over year to $157 million, but first-half revenue fell 17% to $305 million. Management expects revenue to be weighted toward the second half, although some large fee events may not be recognized until 2027 and timing remains uncertain.
• Restructuring and liability-management activity remains strong, supported by upcoming 2028–2029 debt maturities and rising rating-agency pressure. The firm also closed its first private funds advisory transactions and reported encouraging client and pipeline traction.
• Management reiterated its full-year adjusted compensation-ratio target of 67%, while full-year adjusted non-compensation expense is expected to decline by a single-digit percentage from 2025. The firm also returned $73 million to equity holders year to date and ended the quarter with $116 million in cash and no debt.
• Perella Weinberg continues investing in talent, with six partners expected to join and eight internal promotions announced. Management said more than one-third of partners are still in the early ramp-up phase, creating long-term growth potential but also requiring time before reaching the firm’s targeted mature productivity level.

Perella Weinberg Partners Stock Down 0.1%

PWP stock opened at $16.39 on Thursday. The company has a 50 day moving average of $16.32 and a two-hundred day moving average of $17.61. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 63.04 and a beta of 1.62. Perella Weinberg Partners has a 12-month low of $14.11 and a 12-month high of $25.92.

Perella Weinberg Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be given a $0.07 dividend. The ex-dividend date is Friday, August 28th. This represents a $0.28 dividend on an annualized basis and a yield of 1.7%. Perella Weinberg Partners’s dividend payout ratio is presently 107.69%.

Analysts Set New Price Targets

Several research firms have weighed in on PWP. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $21.00 price objective (up from $19.00) on shares of Perella Weinberg Partners in a research report on Monday, August 3rd. The Goldman Sachs Group increased their target price on Perella Weinberg Partners from $14.50 to $16.00 and gave the company a “sell” rating in a report on Monday, August 3rd. Wall Street Zen upgraded Perella Weinberg Partners from a “hold” rating to a “buy” rating in a report on Saturday, August 22nd. Finally, Weiss Ratings lowered Perella Weinberg Partners from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, August 19th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $22.00.

Insider Activity at Perella Weinberg Partners

In other news, CEO Andrew Bednar sold 80,045 shares of the company’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $17.17, for a total value of $1,374,372.65. Following the transaction, the chief executive officer directly owned 1,139,013 shares of the company’s stock, valued at approximately $19,556,853.21. This represents a 6.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 235,697 shares of company stock worth $4,080,379. Insiders own 26.10% of the company’s stock.

Institutional Investors Weigh In On Perella Weinberg Partners

Several large investors have recently made changes to their positions in the company. Invesco Ltd. lifted its stake in Perella Weinberg Partners by 13.8% in the fourth quarter. Invesco Ltd. now owns 128,113 shares of the company’s stock valued at $2,216,000 after acquiring an additional 15,505 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Perella Weinberg Partners by 1,895.9% during the 4th quarter. Millennium Management LLC now owns 279,025 shares of the company’s stock valued at $4,827,000 after purchasing an additional 265,045 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Perella Weinberg Partners by 11.0% in the 4th quarter. AQR Capital Management LLC now owns 42,840 shares of the company’s stock valued at $741,000 after purchasing an additional 4,248 shares during the last quarter. Amundi acquired a new stake in shares of Perella Weinberg Partners in the 4th quarter valued at $628,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Perella Weinberg Partners by 9.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,300 shares of the company’s stock worth $628,000 after purchasing an additional 3,049 shares in the last quarter. Institutional investors own 41.07% of the company’s stock.

Perella Weinberg Partners Company Profile

Perella Weinberg Partners L.P. is a global, partner-led advisory firm specializing in strategic and financial counsel. Founded in 2006 by Joseph R. Perella and Peter Weinberg—both veterans of leading Wall Street institutions—the firm delivers independent advice on mergers and acquisitions, financing, restructuring and capital markets. As an independent entity, it emphasizes senior banker involvement throughout every transaction, ensuring clients benefit from depth of experience and continuity of service.

The firm’s core offerings encompass M&A advisory, debt and equity financing, corporate restructuring and capital markets solutions.