PJT Partners Q4 EPS Estimate Decreased by Seaport Res Ptn

PJT Partners Inc. (NYSE:PJT) – Analysts at Seaport Res Ptn cut their Q4 2024 earnings per share estimates for shares of PJT Partners in a research note issued on Monday, January 13th. Seaport Res Ptn analyst J. Mitchell now anticipates that the financial services provider will earn $1.11 per share for the quarter, down from their previous estimate of $1.30. The consensus estimate for PJT Partners’ current full-year earnings is $4.40 per share. Seaport Res Ptn also issued estimates for PJT Partners’ Q2 2025 earnings at $1.27 EPS and Q4 2025 earnings at $1.82 EPS.

Several other equities research analysts also recently commented on the company. Keefe, Bruyette & Woods dropped their target price on PJT Partners from $159.00 to $152.00 and set a “market perform” rating on the stock in a report on Monday. UBS Group upgraded shares of PJT Partners from a “sell” rating to a “neutral” rating and upped their target price for the stock from $130.00 to $175.00 in a research note on Friday, December 6th. Finally, JMP Securities downgraded shares of PJT Partners from an “outperform” rating to a “market perform” rating in a research report on Monday.

PJT Partners Stock Performance

Shares of NYSE PJT opened at $152.15 on Tuesday. The company has a 50 day simple moving average of $159.27 and a two-hundred day simple moving average of $138.39. PJT Partners has a fifty-two week low of $88.51 and a fifty-two week high of $168.92. The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of 38.62 and a beta of 0.66.

PJT Partners (NYSE:PJT) last announced its earnings results on Tuesday, October 29th. The financial services provider reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. PJT Partners had a net margin of 8.03% and a return on equity of 18.79%. The firm had revenue of $326.30 million for the quarter, compared to analysts’ expectations of $313.46 million. During the same quarter in the previous year, the business posted $0.78 EPS. The company’s quarterly revenue was up 17.2% on a year-over-year basis.

Institutional Trading of PJT Partners

Large investors have recently added to or reduced their stakes in the business. Captrust Financial Advisors raised its stake in shares of PJT Partners by 2.2% in the third quarter. Captrust Financial Advisors now owns 3,149 shares of the financial services provider’s stock worth $420,000 after buying an additional 67 shares during the period. M&T Bank Corp increased its holdings in PJT Partners by 3.5% in the 3rd quarter. M&T Bank Corp now owns 2,220 shares of the financial services provider’s stock worth $296,000 after acquiring an additional 75 shares in the last quarter. New York State Teachers Retirement System increased its holdings in PJT Partners by 0.9% in the 3rd quarter. New York State Teachers Retirement System now owns 10,688 shares of the financial services provider’s stock worth $1,425,000 after acquiring an additional 100 shares in the last quarter. GAMMA Investing LLC raised its stake in PJT Partners by 32.3% during the 4th quarter. GAMMA Investing LLC now owns 446 shares of the financial services provider’s stock worth $70,000 after acquiring an additional 109 shares during the period. Finally, American Century Companies Inc. lifted its holdings in PJT Partners by 0.8% during the second quarter. American Century Companies Inc. now owns 14,837 shares of the financial services provider’s stock valued at $1,601,000 after purchasing an additional 120 shares in the last quarter. 89.23% of the stock is currently owned by institutional investors.

Insider Activity

In other PJT Partners news, Director Kenneth C. Whitney sold 1,725 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $159.75, for a total value of $275,568.75. Following the transaction, the director now owns 9,100 shares of the company’s stock, valued at approximately $1,453,725. This represents a 15.94 % 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. Also, General Counsel David Adam Travin sold 1,541 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $159.18, for a total value of $245,296.38. The disclosure for this sale can be found here. Insiders have sold a total of 4,766 shares of company stock valued at $762,980 in the last 90 days. 11.71% of the stock is currently owned by insiders.

PJT Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date was Wednesday, December 4th. PJT Partners’s dividend payout ratio (DPR) is 25.38%.

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.