Q4 EPS Estimates for PJT Partners Cut by Seaport Res Ptn

PJT Partners Inc. (NYSE:PJT) – Research analysts at Seaport Res Ptn lowered their Q4 2024 EPS estimates for PJT Partners in a report released on Monday, January 13th. Seaport Res Ptn analyst J. Mitchell now expects that the financial services provider will earn $1.11 per share for the quarter, down from their prior forecast 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.

PJT Partners (NYSE:PJT) last announced its earnings results on Tuesday, October 29th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the prior year, the company earned $0.78 EPS. The business’s revenue was up 17.2% compared to the same quarter last year.

Other equities research analysts have also issued reports about the company. UBS Group raised PJT Partners from a “sell” rating to a “neutral” rating and raised their price target for the stock from $130.00 to $175.00 in a research note on Friday, December 6th. JMP Securities lowered PJT Partners from an “outperform” rating to a “market perform” rating in a research note on Monday. Finally, Keefe, Bruyette & Woods lowered their target price on shares of PJT Partners from $159.00 to $152.00 and set a “market perform” rating for the company in a research note on Monday.

PJT Partners Stock Down 1.6 %

PJT stock opened at $152.15 on Tuesday. PJT Partners has a twelve month low of $88.51 and a twelve month high of $168.92. The stock has a market capitalization of $3.61 billion, a price-to-earnings ratio of 38.62 and a beta of 0.66. The firm’s fifty day simple moving average is $159.27 and its two-hundred day simple moving average is $138.39.

Institutional Trading of PJT Partners

Hedge funds have recently modified their holdings of the company. Quarry LP grew its position in shares of PJT Partners by 186.3% in the 3rd quarter. Quarry LP now owns 209 shares of the financial services provider’s stock worth $28,000 after buying an additional 136 shares during the last quarter. GAMMA Investing LLC grew its holdings in PJT Partners by 76.4% in the third quarter. GAMMA Investing LLC now owns 337 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 146 shares during the last quarter. KBC Group NV grew its holdings in PJT Partners by 113.0% in the third quarter. KBC Group NV now owns 803 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 426 shares during the last quarter. nVerses Capital LLC acquired a new position in shares of PJT Partners during the third quarter worth $213,000. Finally, D.A. Davidson & CO. purchased a new stake in shares of PJT Partners during the 3rd quarter valued at $234,000. 89.23% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director James Costos sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $161.41, for a total value of $242,115.00. Following the completion of the sale, the director now owns 9,360 shares of the company’s stock, valued at approximately $1,510,797.60. This represents a 13.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel David Adam Travin sold 1,541 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $159.18, for a total transaction of $245,296.38. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,766 shares of company stock worth $762,980. 11.71% of the stock is currently owned by company insiders.

PJT Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th were given a dividend of $0.25 per share. 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 presently 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.