PJT Partners (NYSE:PJT) Issues Quarterly Earnings Results

PJT Partners (NYSE:PJT) released its earnings results on Tuesday. The financial services provider reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.02, Zacks reports. The company had revenue of $385.12 million for the quarter, compared to the consensus estimate of $409.74 million. PJT Partners had a net margin of 10.57% and a return on equity of 32.66%. PJT Partners’s revenue was down 13.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.85 EPS.

Here are the key takeaways from PJT Partners’ conference call:

• Third-quarter results declined: Revenue fell 14% year over year to $385 million, while adjusted EPS declined 24% to $1.41, reflecting fewer transaction completions across all businesses.
• Nine-month performance remained record-setting: Revenue rose 9% to $1.29 billion, adjusted EPS increased 11% to $4.92, and management expects all three principal businesses to deliver record full-year performance.
• Restructuring demand remains elevated amid higher interest rates, debt maturities, challenged business models, and technological disruption; PJT cited a record pipeline and potential for further growth if credit conditions deteriorate.
• PJT Park Hill’s Private Capital Solutions business is driving growth as asset managers seek alternative liquidity and secondary-market solutions, offsetting continued challenges in primary fundraising.
• M&A activity is improving but remains difficult to convert into completed deals: Management expects 2026 to be the second-best year on record for announced global M&A volumes, while volatility, financing costs, geopolitical risks, and regulatory uncertainty continue to weigh on conversion rates.

PJT Partners Trading Down 3.4%

PJT traded down $5.25 during midday trading on Tuesday, hitting $148.33. 26,741 shares of the company traded hands, compared to its average volume of 403,016. The company has a market capitalization of $3.79 billion, a price-to-earnings ratio of 20.34 and a beta of 0.89. PJT Partners has a 52-week low of $127.73 and a 52-week high of $195.62. The business has a 50 day simple moving average of $153.64 and a two-hundred day simple moving average of $156.60.

Wall Street Analysts Forecast Growth

PJT has been the topic of several research analyst reports. Keefe, Bruyette & Woods downgraded PJT Partners from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $195.00 to $159.00 in a research note on Wednesday, October 7th. Capital One Financial set a $160.00 price target on shares of PJT Partners in a research report on Tuesday, October 6th. BMO Capital Markets restated an “outperform” rating on shares of PJT Partners in a research note on Tuesday, October 6th. The Goldman Sachs Group dropped their price objective on shares of PJT Partners from $203.00 to $182.00 and set a “buy” rating on the stock in a report on Thursday, October 1st. Finally, Wall Street Zen downgraded PJT Partners from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $168.33.

Insider Transactions at PJT Partners

In other PJT Partners news, Director Emily K. Rafferty sold 1,100 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $167.35, for a total value of $184,085.00. Following the completion of the sale, the director owned 9,568 shares in the company, valued at approximately $1,601,204.80. This represents a 10.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kievdi Cornwell sold 7,845 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $173.48, for a total value of $1,360,950.60. Following the completion of the sale, the director directly owned 18,865 shares of the company’s stock, valued at approximately $3,272,700.20. This represents a 29.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 10,668 shares of company stock valued at $1,846,561 over the last ninety days. Insiders own 10.98% of the company’s stock.

About PJT Partners

PJT Partners Inc (NYSE:PJT) is a global, advisory-focused investment banking and financial services firm. The company provides strategic advice to corporations, financial sponsors, institutional investors and other clients on mergers and acquisitions, divestitures, capital raising, liability management and other complex financial matters.

Its businesses also include restructuring and special situations advisory, private capital advisory and placement services, and shareholder engagement and governance advice.