Seaport Res Ptn Predicts Weaker Earnings for PJT Partners

PJT Partners Inc. (NYSE:PJT - Free Report) - Equities researchers at Seaport Res Ptn cut their Q2 2025 earnings estimates for PJT Partners in a research note issued to investors on Tuesday, April 29th. Seaport Res Ptn analyst J. Mitchell now expects that the financial services provider will post earnings of $1.11 per share for the quarter, down from their prior estimate of $1.30. The consensus estimate for PJT Partners' current full-year earnings is $6.20 per share. Seaport Res Ptn also issued estimates for PJT Partners' Q3 2025 earnings at $1.47 EPS and Q4 2025 earnings at $2.46 EPS.

PJT has been the subject of a number of other reports. Keefe, Bruyette & Woods lifted 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 report on Wednesday, February 5th. JMP Securities cut shares of PJT Partners from an "outperform" rating to a "market perform" rating in a report on Monday, January 13th. Finally, Citizens Jmp downgraded PJT Partners from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, PJT Partners presently has an average rating of "Hold" and an average price target of $158.50.

PJT Partners Stock Up 0.1 %

Shares of NYSE PJT traded up $0.21 during midday trading on Thursday, hitting $142.75. 70,236 shares of the company's stock were exchanged, compared to its average volume of 242,244. The firm has a market capitalization of $3.33 billion, a PE ratio of 29.14 and a beta of 0.76. PJT Partners has a 12 month low of $97.74 and a 12 month high of $190.28. The company's 50 day moving average price is $138.87 and its 200 day moving average price is $152.45.

PJT Partners (NYSE:PJT - Get Free Report) last issued its earnings results on Tuesday, April 29th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.11. The business had revenue of $324.50 million during the quarter, compared to the consensus estimate of $361.26 million. PJT Partners had a net margin of 9.00% and a return on equity of 24.03%. PJT Partners's revenue was down 1.5% on a year-over-year basis. During the same period last year, the business posted $0.98 EPS.

Hedge Funds Weigh In On PJT Partners

Institutional investors have recently added to or reduced their stakes in the stock. KLP Kapitalforvaltning AS increased its holdings in shares of PJT Partners by 60.9% during the first quarter. KLP Kapitalforvaltning AS now owns 7,400 shares of the financial services provider's stock worth $1,020,000 after buying an additional 2,800 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in PJT Partners in the first quarter valued at about $2,302,000. Crestwood Advisors Group LLC boosted its stake in shares of PJT Partners by 0.6% during the first quarter. Crestwood Advisors Group LLC now owns 14,314 shares of the financial services provider's stock valued at $1,974,000 after purchasing an additional 83 shares in the last quarter. Morse Asset Management Inc grew its holdings in shares of PJT Partners by 1,640.0% during the first quarter. Morse Asset Management Inc now owns 435 shares of the financial services provider's stock worth $60,000 after purchasing an additional 410 shares during the last quarter. Finally, Diversify Advisory Services LLC acquired a new position in shares of PJT Partners in the first quarter valued at approximately $366,000. 89.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, General Counsel David Adam Travin sold 5,000 shares of the stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $141.74, for a total value of $708,700.00. Following the completion of the transaction, the general counsel now owns 2,288 shares of the company's stock, valued at approximately $324,301.12. This represents a 68.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 11.71% of the company's stock.

PJT Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend is Wednesday, June 4th. PJT Partners's dividend payout ratio is presently 17.64%.

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.