Wall Street brokerages expect that PJT Partners Inc (NYSE:PJT) will post earnings of $0.46 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for PJT Partners’ earnings. PJT Partners reported earnings of $0.10 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 360%. The company is expected to announce its next earnings results on Tuesday, October 30th.

On average, analysts expect that PJT Partners will report full year earnings of $2.27 per share for the current fiscal year, with EPS estimates ranging from $2.25 to $2.29. For the next year, analysts expect that the company will post earnings of $2.91 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that cover PJT Partners.

PJT Partners (NYSE:PJT) last posted its quarterly earnings results on Tuesday, July 31st. The financial services provider reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.20. The business had revenue of $130.67 million during the quarter. PJT Partners had a negative net margin of 4.11% and a positive return on equity of 24.71%.

A number of research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of PJT Partners from a “sell” rating to a “hold” rating in a report on Wednesday, July 4th. Bank of America cut shares of PJT Partners from a “buy” rating to a “neutral” rating and set a $60.00 price objective for the company. in a report on Monday, July 16th. They noted that the move was a valuation call. TheStreet upgraded shares of PJT Partners from a “d” rating to a “c” rating in a report on Monday, September 17th. Finally, Sandler O’Neill set a $58.00 price objective on shares of PJT Partners and gave the company a “hold” rating in a report on Friday, July 13th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $58.50.

NYSE:PJT opened at $45.48 on Wednesday. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 29.53 and a beta of 0.39. PJT Partners has a 12 month low of $36.40 and a 12 month high of $61.18.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 19th. Stockholders of record on Wednesday, September 5th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend was Tuesday, September 4th. PJT Partners’s dividend payout ratio is currently 12.99%.

Several hedge funds and other institutional investors have recently modified their holdings of PJT. SG Americas Securities LLC acquired a new position in shares of PJT Partners during the second quarter valued at about $110,000. LPL Financial LLC acquired a new position in shares of PJT Partners during the first quarter valued at about $204,000. Empirical Finance LLC acquired a new position in shares of PJT Partners during the second quarter valued at about $210,000. Jane Street Group LLC acquired a new position in shares of PJT Partners during the first quarter valued at about $330,000. Finally, State Board of Administration of Florida Retirement System grew its holdings in shares of PJT Partners by 65.8% during the second quarter. State Board of Administration of Florida Retirement System now owns 7,333 shares of the financial services provider’s stock valued at $392,000 after buying an additional 2,910 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

PJT Partners Company Profile

PJT Partners Inc provides various strategic advisory, restructuring and special situations, and private fund advisory and placement services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers a range of financial advisory and transaction execution capability, including mergers and acquisitions, joint ventures, minority investments, asset swaps, divestitures, takeover defenses, corporate finance advisory, private placements, and distressed sales.

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