Piper Sandler Brokers Lift Earnings Estimates for PJT Partners Inc. (NYSE:PJT)


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PJT Partners Inc. (NYSE:PJT) – Research analysts at Piper Sandler increased their Q3 2022 earnings per share estimates for shares of PJT Partners in a note issued to investors on Friday, April 9th. Piper Sandler analyst S. Mody now expects that the financial services provider will earn $1.27 per share for the quarter, up from their previous estimate of $1.26.

Several other equities research analysts also recently commented on PJT. Seaport Global Securities started coverage on shares of PJT Partners in a research note on Wednesday, December 16th. They set a “buy” rating and a $91.00 price objective for the company. Zacks Investment Research downgraded shares of PJT Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, April 7th. Wolfe Research downgraded shares of PJT Partners from an “outperform” rating to a “peer perform” rating in a research report on Thursday, April 8th. Finally, Keefe, Bruyette & Woods began coverage on shares of PJT Partners in a research report on Thursday, March 25th. They set an “outperform” rating and a $85.00 target price for the company. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $77.83.

NYSE:PJT opened at $68.52 on Monday. PJT Partners has a 12 month low of $40.13 and a 12 month high of $81.82. The firm has a fifty day simple moving average of $69.27 and a 200-day simple moving average of $70.94. The company has a market capitalization of $1.63 billion, a P/E ratio of 19.63 and a beta of 0.90.

PJT Partners (NYSE:PJT) last posted its quarterly earnings data on Tuesday, February 2nd. The financial services provider reported $1.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.70. PJT Partners had a net margin of 9.01% and a return on equity of 27.00%. The business had revenue of $322.00 million during the quarter, compared to the consensus estimate of $261.69 million.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 17th. Investors of record on Wednesday, March 3rd were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, March 2nd. This represents a $0.20 dividend on an annualized basis and a yield of 0.29%. PJT Partners’s dividend payout ratio is presently 8.30%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Susquehanna International Group LLP increased its holdings in PJT Partners by 143.7% in the fourth quarter. Susquehanna International Group LLP now owns 8,625 shares of the financial services provider’s stock valued at $649,000 after buying an additional 5,086 shares in the last quarter. Hudson Bay Capital Management LP increased its holdings in PJT Partners by 107.3% in the fourth quarter. Hudson Bay Capital Management LP now owns 72,215 shares of the financial services provider’s stock valued at $5,434,000 after buying an additional 37,386 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in PJT Partners by 45.8% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 468 shares of the financial services provider’s stock valued at $35,000 after buying an additional 147 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in PJT Partners by 1.0% in the fourth quarter. JPMorgan Chase & Co. now owns 16,723 shares of the financial services provider’s stock valued at $1,258,000 after buying an additional 159 shares in the last quarter. Finally, Truist Financial Corp increased its holdings in PJT Partners by 10.9% in the fourth quarter. Truist Financial Corp now owns 10,429 shares of the financial services provider’s stock valued at $784,000 after buying an additional 1,022 shares in the last quarter. Institutional investors own 68.05% of the company’s stock.

About PJT Partners

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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Earnings History and Estimates for PJT Partners (NYSE:PJT)

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