Perella Weinberg Partners (NASDAQ:PWP) Announces Earnings Results

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) issued its quarterly earnings data on Friday. The company reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.07, RTT News reports. Perella Weinberg Partners had a negative net margin of 7.37% and a negative return on equity of 72.27%. The firm had revenue of $211.83 million for the quarter, compared to analyst estimates of $200.29 million. During the same quarter in the prior year, the firm earned ($0.10) EPS.

Perella Weinberg Partners Price Performance

NASDAQ:PWP traded up $0.95 during trading hours on Thursday, reaching $17.71. 893,127 shares of the stock were exchanged, compared to its average volume of 853,351. Perella Weinberg Partners has a twelve month low of $13.82 and a twelve month high of $27.03. The stock has a market cap of $1.54 billion, a PE ratio of -11.21 and a beta of 1.69. The firm has a 50 day moving average of $17.96 and a 200 day moving average of $21.96.

Perella Weinberg Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Wednesday, May 14th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Wednesday, May 14th. Perella Weinberg Partners's dividend payout ratio is presently -65.12%.

Analyst Ratings Changes

A number of research analysts have commented on PWP shares. JMP Securities decreased their price objective on Perella Weinberg Partners from $33.00 to $29.00 and set a "market outperform" rating on the stock in a research report on Tuesday, April 8th. The Goldman Sachs Group cut their price target on shares of Perella Weinberg Partners from $20.00 to $18.00 and set a "sell" rating on the stock in a research report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Perella Weinberg Partners from $27.00 to $29.00 and gave the company an "outperform" rating in a report on Monday, February 10th.

Perella Weinberg Partners Company Profile

Perella Weinberg Partners, an independent investment banking company, provides strategic and financial advice services in the United States and internationally. The company offers advisory services related to strategic and financial decisions, mergers and acquisition execution, shareholder and defense advisory, and financing and capital solutions advice with resources focused on restructuring, liability management, and capital markets advisory, as well as underwriting and research services primarily for the energy and related industries.