Q3 EPS Estimates for PJT Partners Reduced by Seaport Res Ptn

PJT Partners Inc. (NYSE:PJT - Free Report) - Equities research analysts at Seaport Res Ptn cut their Q3 2026 earnings per share estimates for shares of PJT Partners in a report released on Monday, July 14th. Seaport Res Ptn analyst J. Mitchell now anticipates that the financial services provider will earn $1.58 per share for the quarter, down from their prior estimate of $1.61. The consensus estimate for PJT Partners' current full-year earnings is $6.20 per share. Seaport Res Ptn also issued estimates for PJT Partners' Q4 2026 earnings at $2.60 EPS and FY2027 earnings at $8.30 EPS.

PJT Partners (NYSE:PJT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.94 by $0.11. PJT Partners had a return on equity of 23.81% and a net margin of 10.47%. The business had revenue of $324.50 million for the quarter, compared to the consensus estimate of $361.26 million. During the same period in the prior year, the business earned $0.98 EPS. The firm's revenue for the quarter was down 1.5% on a year-over-year basis.

A number of other research analysts also recently weighed in on PJT. Wolfe Research reaffirmed an "underperform" rating on shares of PJT Partners in a research note on Thursday, July 10th. Keefe, Bruyette & Woods increased their price objective on PJT Partners from $161.00 to $199.00 and gave the stock a "market perform" rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company's stock. According to data from MarketBeat, PJT Partners has a consensus rating of "Hold" and an average target price of $164.00.

PJT Partners Trading Down 1.1%

PJT stock traded down $2.06 during trading on Tuesday, reaching $181.96. 131,833 shares of the stock were exchanged, compared to its average volume of 249,161. The firm's 50 day moving average is $158.73 and its 200 day moving average is $153.22. PJT Partners has a twelve month low of $116.06 and a twelve month high of $190.28. The firm has a market cap of $4.45 billion, a P/E ratio of 32.07 and a beta of 0.76.

Institutional Trading of PJT Partners

A number of institutional investors and hedge funds have recently modified their holdings of PJT. Versant Capital Management Inc purchased a new stake in shares of PJT Partners during the first quarter valued at approximately $30,000. Opal Wealth Advisors LLC purchased a new stake in shares of PJT Partners during the first quarter valued at approximately $39,000. CIBC Private Wealth Group LLC increased its position in shares of PJT Partners by 112.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 276 shares of the financial services provider's stock valued at $44,000 after acquiring an additional 146 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of PJT Partners during the first quarter valued at approximately $45,000. Finally, Quarry LP purchased a new stake in shares of PJT Partners during the first quarter valued at approximately $45,000. 89.23% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at PJT Partners

In other news, Director Kievdi Don Cornwell sold 10,403 shares of the stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $150.29, for a total value of $1,563,466.87. Following the completion of the sale, the director directly owned 8,847 shares of the company's stock, valued at $1,329,615.63. This represents a 54.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel David Adam Travin sold 5,000 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $141.74, for a total value of $708,700.00. Following the completion of the sale, the general counsel directly owned 2,288 shares of the company's stock, valued at approximately $324,301.12. This trade represents a 68.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,000 shares of company stock valued at $3,722,082. Company insiders own 11.75% of the company's stock.

PJT Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Wednesday, June 4th. PJT Partners's dividend payout ratio (DPR) is presently 17.64%.

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.