News coverage about PJT Partners (NYSE:PJT) has trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. PJT Partners earned a media sentiment score of 0.02 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 47.338848749296 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- PJT Partners Inc. (PJT) Given $45.00 Consensus Price Target by Brokerages (americanbankingnews.com)
- PJT Partners Inc. (PJT) Declares $0.05 Quarterly Dividend (americanbankingnews.com)
- PJT Partners : posts 3Q profit (4-traders.com)
- PJT Partners Inc. 2017 Q3 – Results – Earnings Call Slides (seekingalpha.com)
- Edited Transcript of PJT earnings conference call or presentation 31-Oct-17 12:30pm GMT (finance.yahoo.com)
A number of equities research analysts have recently weighed in on the company. BidaskClub lowered PJT Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. JMP Securities assumed coverage on PJT Partners in a research note on Monday, September 18th. They set an “outperform” rating and a $45.00 price target on the stock. Finally, Zacks Investment Research upgraded PJT Partners from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research note on Friday, July 14th. Three analysts have rated the stock with a sell rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $45.67.
Shares of PJT Partners (NYSE:PJT) traded down $1.62 during mid-day trading on Friday, hitting $38.20. The stock had a trading volume of 45,242 shares, compared to its average volume of 81,055. PJT Partners has a 1-year low of $26.84 and a 1-year high of $45.38. The stock has a market capitalization of $707.58, a price-to-earnings ratio of 26.34, a price-to-earnings-growth ratio of 1.57 and a beta of 0.36.
PJT Partners (NYSE:PJT) last issued its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.07). PJT Partners had a negative return on equity of 75.04% and a net margin of 2.41%. The business had revenue of $109.31 million for the quarter. equities analysts anticipate that PJT Partners will post 1.48 earnings per share for the current year.
PJT Partners announced that its Board of Directors has approved a share buyback plan on Tuesday, October 31st that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.52%. PJT Partners’s payout ratio is 33.90%.
In related news, Director Dennis S. Hersch acquired 2,000 shares of the stock in a transaction on Monday, August 14th. The shares were acquired at an average price of $38.45 per share, for a total transaction of $76,900.00. Following the transaction, the director now owns 18,000 shares in the company, valued at approximately $692,100. The purchase was disclosed in a filing with the SEC, which is available through this link. 3.30% of the stock is owned by corporate insiders.
PJT Partners Company Profile
PJT Partners Inc is an advisory-focused investment bank. The Company offers an array of strategic advisory, restructuring and special situations and private fund advisory and placement services to corporations, financial sponsors, institutional investors and governments. It provides, through Park Hill Group, private fund advisory and placement services for alternative investment managers, including private equity funds, real estate funds and hedge funds.
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