PJT Partners Inc. (NYSE:PJT) Declares $0.25 Quarterly Dividend

PJT Partners Inc. (NYSE:PJT) declared a quarterly dividend on Monday, July 27th. Investors of record on Wednesday, September 2nd will be given a dividend of 0.25 per share by the financial services provider on Wednesday, September 16th. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, September 2nd.

PJT Partners has increased its dividend payment by an average of 0.4%per year over the last three years. PJT Partners has a dividend payout ratio of 14.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect PJT Partners to earn $8.80 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 11.4%.

PJT Partners Stock Up 3.0%

NYSE PJT opened at $173.91 on Wednesday. The firm has a market cap of $4.49 billion, a P/E ratio of 25.35 and a beta of 0.85. PJT Partners has a 52-week low of $127.73 and a 52-week high of $195.62. The business’s 50-day moving average price is $158.88 and its 200 day moving average price is $156.55.

PJT Partners (NYSE:PJT) last posted its quarterly earnings data on Tuesday, July 28th. The financial services provider reported $1.97 EPS for the quarter, beating the consensus estimate of $1.57 by $0.40. PJT Partners had a return on equity of 32.00% and a net margin of 10.32%.The firm had revenue of $486.29 million during the quarter, compared to the consensus estimate of $425.28 million. During the same period in the prior year, the business earned $1.54 EPS. The firm’s revenue was up 19.5% compared to the same quarter last year. As a group, analysts anticipate that PJT Partners will post 7.5 earnings per share for the current year.

About PJT Partners

PJT Partners is a global advisory-focused investment bank that delivers strategic advisory, restructuring and special situations, and capital solutions to corporations, partnerships, and governments. The firm operates through three primary business segments: Strategic Advisory, which covers mergers and acquisitions, shareholder advisory, and capital markets advisory; Restructuring and Special Situations, which provides advice on debt and liability management, distressed mergers and acquisitions, and financial restructurings; and Park Hill, the firm’s dedicated capital-raising and secondary advisory business for private equity, real estate, hedge funds, and infrastructure.

The Strategic Advisory practice at PJT Partners assists clients with complex transactions such as cross-border mergers, spin-offs, divestitures, and takeover defenses, drawing on deep industry expertise and global reach.