$219.14 Million in Sales Expected for PJT Partners Inc. (NYSE:PJT) This Quarter

Last updated on Sunday, June 13, 2021 | 2021 MarketBeat

Wall Street brokerages predict that PJT Partners Inc. (NYSE:PJT) will report sales of $219.14 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for PJT Partners' earnings. The lowest sales estimate is $218.50 million and the highest is $219.78 million. PJT Partners posted sales of $232.56 million in the same quarter last year, which suggests a negative year-over-year growth rate of 5.8%. The business is scheduled to issue its next earnings results on Tuesday, July 27th.

On average, analysts expect that PJT Partners will report full-year sales of $1.02 billion for the current year. For the next fiscal year, analysts expect that the business will post sales of $1.16 billion, with estimates ranging from $1.15 billion to $1.18 billion. Zacks Investment Research's sales averages are an average based on a survey of sell-side research firms that follow PJT Partners.

PJT Partners (NYSE:PJT) last released its earnings results on Tuesday, April 27th. The financial services provider reported $0.89 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.73 by $0.16. PJT Partners had a return on equity of 32.01% and a net margin of 11.84%.

Several equities analysts have commented on the company. Wolfe Research reaffirmed a "peer perform" rating on shares of PJT Partners in a research report on Wednesday, April 14th. Keefe, Bruyette & Woods assumed coverage on PJT Partners in a research report on Thursday, March 25th. They issued an "outperform" rating and a $85.00 price objective on the stock. Finally, Zacks Investment Research raised PJT Partners from a "hold" rating to a "buy" rating and set a $77.00 price objective on the stock in a research report on Wednesday. Four research analysts have rated the stock with a buy rating, The company presently has a consensus rating of "Buy" and an average price target of $79.00.

NYSE PJT opened at $70.17 on Friday. The company has a market cap of $1.73 billion, a P/E ratio of 14.68 and a beta of 0.97. The firm's 50 day moving average is $71.46. PJT Partners has a fifty-two week low of $47.97 and a fifty-two week high of $81.82.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 16th. Stockholders of record on Wednesday, June 2nd will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend is Tuesday, June 1st. PJT Partners's payout ratio is 4.06%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. grew its position in shares of PJT Partners by 5.2% during the 1st quarter. BlackRock Inc. now owns 1,773,013 shares of the financial services provider's stock worth $119,945,000 after buying an additional 87,937 shares in the last quarter. Clearbridge Investments LLC lifted its stake in shares of PJT Partners by 0.7% during the 4th quarter. Clearbridge Investments LLC now owns 897,968 shares of the financial services provider's stock worth $67,572,000 after purchasing an additional 5,922 shares during the last quarter. Standard Life Aberdeen plc lifted its stake in shares of PJT Partners by 63.4% during the 1st quarter. Standard Life Aberdeen plc now owns 766,259 shares of the financial services provider's stock worth $51,964,000 after purchasing an additional 297,186 shares during the last quarter. TimesSquare Capital Management LLC lifted its stake in shares of PJT Partners by 146.7% during the 1st quarter. TimesSquare Capital Management LLC now owns 538,700 shares of the financial services provider's stock worth $36,443,000 after purchasing an additional 320,300 shares during the last quarter. Finally, Klingman & Associates LLC lifted its stake in shares of PJT Partners by 247.4% during the 1st quarter. Klingman & Associates LLC now owns 433,471 shares of the financial services provider's stock worth $29,324,000 after purchasing an additional 308,701 shares during the last quarter. 66.86% of the stock is currently owned by institutional investors and hedge funds.

PJT Partners Company Profile

PJT Partners Inc, an investment bank, provides various strategic and shareholder advisory, restructuring and special situations, and capital markets advisory services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers a range of financial advisory and transaction execution capabilities, including mergers and acquisitions, joint ventures, minority investments, asset swaps, divestitures, and activism defense.

Featured Story: What is Cost of Debt?

Get a free copy of the Zacks research report on PJT Partners (PJT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for PJT Partners (NYSE:PJT)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Featured Article: What does a bar chart mean for investors?

7 Low-Priced Dividend Stocks Under $10

The recent trading activity surrounding low-priced stocks like GameStop (NYSE:GME) is a reminder to investors of the high-risk nature involved with these stocks. Often when a stock trades for under $10 (also termed a penny stock), it is trading that low for a reason. The company may not be profitable, or in the case of GameStop, it finds itself with a business model that no longer fits with consumer trends.

But that’s not always the case. It is possible to find low-priced stocks, even penny stocks, that offer great value. This is particularly true if the stock offers investors a dividend. Dividend-earning stocks are a diversification source for a consumer’s portfolio, particularly if the dividend gets reinvested. It’s literally like paying yourself for owning the stock.

And the stocks in this presentation look ready also to deliver some additional stock price growth that can increase your total return.

View the "7 Low-Priced Dividend Stocks Under $10".

MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.