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.
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