Seaport Res Ptn Lowers Earnings Estimates for PJT Partners

PJT Partners Inc. (NYSE:PJT - Free Report) - Seaport Res Ptn lowered their Q1 2025 earnings per share estimates for PJT Partners in a research report issued on Wednesday, April 9th. Seaport Res Ptn analyst J. Mitchell now forecasts that the financial services provider will post earnings per share of $0.94 for the quarter, down from their prior estimate of $1.24. The consensus estimate for PJT Partners' current full-year earnings is $6.20 per share. Seaport Res Ptn also issued estimates for PJT Partners' Q2 2025 earnings at $1.30 EPS, FY2025 earnings at $5.80 EPS and FY2026 earnings at $7.00 EPS.

PJT Partners (NYSE:PJT - Get Free Report) last issued its earnings results on Tuesday, February 4th. The financial services provider reported $1.90 earnings per share for the quarter, topping analysts' consensus estimates of $1.19 by $0.71. The firm had revenue of $477.30 million during the quarter, compared to analyst estimates of $384.64 million. PJT Partners had a net margin of 9.00% and a return on equity of 24.03%. The company's quarterly revenue was up 45.3% on a year-over-year basis. During the same quarter last year, the business earned $0.96 earnings per share.

Other equities analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods increased their price objective on shares of PJT Partners from $152.00 to $177.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 5th. Citizens Jmp lowered shares of PJT Partners from a "strong-buy" rating to a "hold" rating in a report on Monday, January 13th. Finally, JMP Securities lowered PJT Partners from an "outperform" rating to a "market perform" rating in a research note on Monday, January 13th. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $158.50.

PJT Partners Stock Down 1.6 %

Shares of PJT traded down $2.07 during trading hours on Friday, reaching $130.16. 101,081 shares of the company traded hands, compared to its average volume of 243,467. The company's fifty day moving average price is $148.59 and its two-hundred day moving average price is $152.89. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 26.56 and a beta of 0.77. PJT Partners has a 12 month low of $90.95 and a 12 month high of $190.28.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of PJT Partners by 5.3% during the 4th quarter. Vanguard Group Inc. now owns 2,515,600 shares of the financial services provider's stock worth $396,987,000 after acquiring an additional 127,060 shares during the period. State Street Corp increased its holdings in PJT Partners by 5.7% in the third quarter. State Street Corp now owns 1,001,911 shares of the financial services provider's stock valued at $133,595,000 after buying an additional 54,071 shares during the last quarter. FMR LLC boosted its holdings in shares of PJT Partners by 52.8% in the 4th quarter. FMR LLC now owns 637,797 shares of the financial services provider's stock valued at $100,651,000 after buying an additional 220,526 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of PJT Partners by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 635,270 shares of the financial services provider's stock valued at $100,273,000 after purchasing an additional 16,233 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of PJT Partners in the 4th quarter valued at approximately $89,192,000. Hedge funds and other institutional investors own 89.23% of the company's stock.

PJT Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.00 annualized dividend and a yield of 0.77%. PJT Partners's dividend payout ratio is presently 20.41%.

PJT Partners Company Profile

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.