PJT Partners (NYSE:PJT) Issues Earnings Results, Beats Estimates By $0.71 EPS

PJT Partners (NYSE:PJT) posted its earnings results on Tuesday. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.71, Zacks reports. PJT Partners had a net margin of 8.03% and a return on equity of 18.79%.

PJT Partners Price Performance

NYSE:PJT opened at $165.43 on Tuesday. The firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 41.99 and a beta of 0.67. The company’s 50-day moving average is $160.46 and its two-hundred day moving average is $143.33. PJT Partners has a 1-year low of $88.51 and a 1-year high of $168.92.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. UBS Group raised shares of PJT Partners from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $130.00 to $175.00 in a report on Friday, December 6th. Keefe, Bruyette & Woods cut 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, January 13th. JMP Securities cut shares of PJT Partners from an “outperform” rating to a “market perform” rating in a research note on Monday, January 13th. Finally, Citizens Jmp cut shares of PJT Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 13th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $152.25.

Insider Buying and Selling at PJT Partners

In other news, Director Kenneth C. Whitney sold 1,725 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $159.75, for a total value of $275,568.75. Following the transaction, the director now directly owns 9,100 shares in the company, valued at approximately $1,453,725. This represents a 15.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James Costos sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $161.41, for a total transaction of $242,115.00. Following the completion of the transaction, the director now owns 9,360 shares in the company, valued at approximately $1,510,797.60. This represents a 13.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,766 shares of company stock worth $762,980 in the last ninety days. 11.71% of the stock is owned by insiders.

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.