Perella Weinberg Partners (PWP) Expected to Announce Earnings on Friday

Perella Weinberg Partners (NASDAQ:PWP) is expected to post its quarterly earnings results before the market opens on Friday, February 7th. Analysts expect Perella Weinberg Partners to post earnings of $0.28 per share and revenue of $220.78 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Perella Weinberg Partners (NASDAQ:PWP) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.20 by $0.14. Perella Weinberg Partners had a negative net margin of 11.09% and a negative return on equity of 295.65%. The business had revenue of $278.20 million during the quarter, compared to analyst estimates of $196.42 million. During the same quarter in the previous year, the business posted $0.12 EPS. The company’s quarterly revenue was up 100.1% compared to the same quarter last year.

Perella Weinberg Partners Stock Performance

NASDAQ PWP opened at $26.03 on Thursday. The company has a market cap of $2.29 billion, a PE ratio of -10.98 and a beta of 1.59. The firm’s 50 day moving average price is $24.66 and its 200-day moving average price is $21.90. Perella Weinberg Partners has a 52-week low of $11.44 and a 52-week high of $27.03.

Perella Weinberg Partners Dividend Announcement

The business 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 $0.07 per share. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $0.28 annualized dividend and a yield of 1.08%. Perella Weinberg Partners’s dividend payout ratio (DPR) is presently -11.81%.

Wall Street Analysts Forecast Growth

PWP has been the topic of a number of recent research reports. JMP Securities raised their price objective on Perella Weinberg Partners from $22.00 to $26.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods cut their price objective on shares of Perella Weinberg Partners from $28.00 to $27.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 14th.

Insider Activity

In related news, President Dietrich Becker sold 442,889 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $24.48, for a total value of $10,841,922.72. Following the transaction, the president now directly owns 379,140 shares of the company’s stock, valued at $9,281,347.20. This represents a 53.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew Bednar sold 300,579 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $24.48, for a total value of $7,358,173.92. Following the completion of the transaction, the chief executive officer now owns 566,386 shares of the company’s stock, valued at $13,865,129.28. This trade represents a 34.67 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 43.53% of the company’s stock.

Perella Weinberg Partners Company Profile

Perella Weinberg Partners, an independent investment banking company, provides strategic and financial advice services in the United States and internationally. The company offers advisory services related to strategic and financial decisions, mergers and acquisition execution, shareholder and defense advisory, and financing and capital solutions advice with resources focused on restructuring, liability management, and capital markets advisory, as well as underwriting and research services primarily for the energy and related industries.