Perella Weinberg Partners (NASDAQ:PWP) Posts Earnings Results, Beats Estimates By $0.22 EPS

Perella Weinberg Partners (NASDAQ:PWP) issued its quarterly earnings results on Thursday. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.22, Zacks reports. Perella Weinberg Partners had a negative return on equity of 35.84% and a net margin of 3.19%. The business had revenue of $251.37 million for the quarter, compared to analyst estimates of $172.82 million.

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

• Third-quarter revenue rose 53% year over year to $251 million, led by M&A, which nearly doubled from the prior-year quarter and increased more than 40% year to date. Management cited strength in consumer, industrials, energy, and financial institutions.
• Visibility into future revenue improved, with announced and pending backlog nearly three times last year’s level, total booked plus announced and pending backlog up about 30%, and gross backlog under engagement letters up 40%. Management expects some of this backlog to convert in early 2027.
• The firm reported broad-based activity, including a 50% increase in fee-paying clients and nearly 80% growth in fee events exceeding $5 million. The Gleacher Shacklock acquisition has already contributed six announced U.K. transactions since closing on September 1.
• Management reiterated its 67% full-year adjusted compensation margin target and expects full-year adjusted non-compensation expenses to decline by a single-digit percentage from 2025. The company ended the quarter with $150 million of cash and no debt.
• Perella Weinberg said it is focused on long-term standalone growth through hiring, internal promotions, and selective acquisitions, while denying that it has initiated a sale process. Executives expect higher rates to be manageable if increases are gradual, but warned that sharp rate moves could pressure valuations and highly leveraged transactions.

Perella Weinberg Partners Trading Up 3.1%

PWP stock traded up $0.43 during trading on Friday, hitting $14.43. 660,276 shares of the company’s stock were exchanged, compared to its average volume of 1,300,118. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 55.37 and a beta of 1.63. Perella Weinberg Partners has a 52-week low of $12.13 and a 52-week high of $25.92. The business has a 50-day moving average price of $14.79 and a two-hundred day moving average price of $17.45.

Perella Weinberg Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 8th. Investors of record on Tuesday, November 24th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Tuesday, November 24th. Perella Weinberg Partners’s dividend payout ratio is 107.69%.

Key Perella Weinberg Partners News

Here are the key news stories impacting Perella Weinberg Partners this week:

• Positive Sentiment: Strong Q3 earnings beat: Perella Weinberg reported third-quarter revenue of $251.4 million, up 53% year over year and 61% sequentially. Adjusted EPS was $0.39, exceeding the $0.17 consensus estimate, while GAAP diluted EPS was $0.21. Perella Weinberg Reports Third Quarter 2026 Results
• Positive Sentiment: Profitability and strategic momentum improved: Adjusted pretax income reached $56 million, while the company added new senior talent and completed its Gleacher Shacklock acquisition, expanding its presence in the United Kingdom and Europe. Management said momentum is carrying into the fourth quarter and 2027. Perella Weinberg Partners Q3 2026 Results
• Positive Sentiment: Analyst raises target: Keefe, Bruyette & Woods reaffirmed its “outperform” rating and increased its price target from $19 to $20, implying substantial potential upside from recent trading levels.
• Positive Sentiment: Shareholder returns and balance sheet: PWP declared a $0.07 quarterly dividend, equivalent to $0.28 annually and an approximately 2% yield. The company also reported $150 million in cash, no debt, more than three million shares and share equivalents retired year to date, and $88 million returned to equity holders.
• Neutral Sentiment: Mixed underlying profitability: Nine-month revenue rose 5% to $557 million, but GAAP net margin was only 3.19% and return on equity remained negative, highlighting the difference between the quarter’s strong adjusted results and reported profitability.
• Negative Sentiment: Insider selling: Company insiders made seven open-market sales and no purchases over the past six months, including sales by CEO Andrew Bednar and CFO Alexandra Gottschalk. This may temper investor enthusiasm despite the earnings beat.

Insider Activity at Perella Weinberg Partners

In related news, CEO Andrew Bednar sold 77,753 shares of Perella Weinberg Partners stock in a transaction on Friday, August 7th. The shares were sold at an average price of $17.41, for a total value of $1,353,679.73. Following the transaction, the chief executive officer directly owned 1,061,260 shares in the company, valued at $18,476,536.60. This trade represents a 6.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 235,697 shares of company stock worth $4,080,379 in the last three months. 26.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Wall Street Zen lowered Perella Weinberg Partners from a “buy” rating to a “hold” rating in a research report on Saturday, October 3rd. Weiss Ratings downgraded shares of Perella Weinberg Partners from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, October 14th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $20.00 price target (up from $19.00) on shares of Perella Weinberg Partners in a report on Friday. Finally, The Goldman Sachs Group upped their price objective on Perella Weinberg Partners from $14.50 to $16.00 and gave the company a “sell” rating in a report on Monday, August 3rd. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $21.75.

About Perella Weinberg Partners

Perella Weinberg Partners (NASDAQ: PWP) is an independent investment banking and financial services firm that provides strategic and financial advice to corporations, financial institutions, governments, and other organizations. The firm focuses on complex, high-value transactions and situations that require specialized advice and senior-level expertise.

Its services include mergers and acquisitions, strategic transactions, financial restructurings, capital markets advisory, and private capital advisory.