PJT Partners (PJT) Projected to Post Quarterly Earnings on Tuesday

PJT Partners (NYSE:PJT) is projected to post its quarterly earnings results before the market opens on Tuesday, February 4th. Analysts expect PJT Partners to post earnings of $1.19 per share and revenue of $384,640.00 billion for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

PJT Partners (NYSE:PJT) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.02. PJT Partners had a return on equity of 18.79% and a net margin of 8.03%. The firm had revenue of $326.30 million for the quarter, compared to analyst estimates of $313.46 million. During the same period in the previous year, the company posted $0.78 earnings per share. The company’s quarterly revenue was up 17.2% compared to the same quarter last year. On average, analysts expect PJT Partners to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

PJT Partners Trading Down 1.5 %

Shares of PJT stock opened at $161.95 on Tuesday. The company has a market capitalization of $3.84 billion, a P/E ratio of 41.10 and a beta of 0.66. PJT Partners has a 12 month low of $88.51 and a 12 month high of $168.92. The stock has a 50 day moving average of $159.89 and a two-hundred day moving average of $141.64.

Insider Activity

In other PJT Partners news, General Counsel David Adam Travin sold 1,541 shares of PJT Partners stock in a transaction on Friday, November 8th. The stock was sold at an average price of $159.18, for a total value of $245,296.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James Costos sold 1,500 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $161.41, for a total value of $242,115.00. Following the completion of the transaction, the director now directly owns 9,360 shares in the company, valued at approximately $1,510,797.60. This represents a 13.81 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,766 shares of company stock worth $762,980. Corporate insiders own 11.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on PJT shares. Citizens Jmp downgraded shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 13th. Keefe, Bruyette & Woods decreased their target price on shares of PJT Partners from $159.00 to $152.00 and set a “market perform” rating on the stock in a research report on Monday, January 13th. JMP Securities lowered shares of PJT Partners from an “outperform” rating to a “market perform” rating in a research report on Monday, January 13th. Finally, UBS Group upgraded shares of PJT Partners from a “sell” rating to a “neutral” rating and raised their price target for the stock from $130.00 to $175.00 in a research note on Friday, December 6th. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, PJT Partners has an average rating of “Hold” and an average price target of $152.25.

About PJT Partners

PJT Partners Inc, an investment bank, provides various strategic and capital markets advisory, restructuring and special situations, and shareholder advisory services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers advisory services to clients on various transactions, including mergers and acquisitions (M&A), spin-offs, activism defense, contested M&A, joint ventures, minority investments, and divestitures.