PJT Partners (NYSE:PJT) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

PJT Partners (NYSE:PJT) released its quarterly earnings data on Tuesday. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.02, Zacks reports. The business had revenue of $385.12 million for the quarter, compared to analysts’ expectations of $409.74 million. PJT Partners had a return on equity of 32.66% and a net margin of 10.57%. PJT Partners’s quarterly revenue was down 13.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.85 earnings per share.

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

• Third-quarter results declined: Revenue fell 14% year over year to $385 million, while adjusted EPS declined 24% to $1.41, reflecting fewer transaction completions across all businesses.
• Nine-month performance remained record-setting: Revenue rose 9% to $1.29 billion, adjusted EPS increased 11% to $4.92, and management expects all three principal businesses to deliver record full-year performance.
• Restructuring demand remains elevated amid higher interest rates, debt maturities, challenged business models, and technological disruption; PJT cited a record pipeline and potential for further growth if credit conditions deteriorate.
• PJT Park Hill’s Private Capital Solutions business is driving growth as asset managers seek alternative liquidity and secondary-market solutions, offsetting continued challenges in primary fundraising.
• M&A activity is improving but remains difficult to convert into completed deals: Management expects 2026 to be the second-best year on record for announced global M&A volumes, while volatility, financing costs, geopolitical risks, and regulatory uncertainty continue to weigh on conversion rates.

PJT Partners Price Performance

Shares of PJT traded down $4.22 during trading hours on Tuesday, hitting $149.36. The stock had a trading volume of 131,178 shares, compared to its average volume of 403,471. The company’s fifty day moving average is $153.64 and its two-hundred day moving average is $156.60. PJT Partners has a 52 week low of $127.73 and a 52 week high of $195.62. The stock has a market capitalization of $3.82 billion, a price-to-earnings ratio of 20.47 and a beta of 0.89.

Insider Buying and Selling

In other PJT Partners news, Director Emily K. Rafferty sold 1,100 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $167.35, for a total value of $184,085.00. Following the transaction, the director directly owned 9,568 shares in the company, valued at $1,601,204.80. The trade was a 10.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kievdi Cornwell sold 7,845 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $173.48, for a total transaction of $1,360,950.60. Following the completion of the transaction, the director owned 18,865 shares in the company, valued at approximately $3,272,700.20. This trade represents a 29.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 10,668 shares of company stock worth $1,846,561 in the last quarter. 10.98% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on PJT shares. Keefe, Bruyette & Woods cut PJT Partners from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $195.00 to $159.00 in a research report on Wednesday, October 7th. UBS Group lowered their price target on shares of PJT Partners from $176.00 to $165.00 and set a “neutral” rating on the stock in a report on Wednesday, October 7th. Weiss Ratings restated a “hold (c)” rating on shares of PJT Partners in a research note on Wednesday, August 26th. BMO Capital Markets reaffirmed an “outperform” rating on shares of PJT Partners in a report on Tuesday, October 6th. Finally, Wall Street Zen downgraded shares of PJT Partners from a “buy” rating to a “hold” rating in a report on Saturday, August 29th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, PJT Partners presently has an average rating of “Hold” and an average price target of $168.33.

About PJT Partners

PJT Partners Inc (NYSE:PJT) is a global, advisory-focused investment banking and financial services firm. The company provides strategic advice to corporations, financial sponsors, institutional investors and other clients on mergers and acquisitions, divestitures, capital raising, liability management and other complex financial matters.

Its businesses also include restructuring and special situations advisory, private capital advisory and placement services, and shareholder engagement and governance advice.