PJT Partners (PJT)

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PJT Partners (PJT) Is Up 0.29% in One Week: What You Should Know
ZACKS· 2025-02-07 18:01
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...
Market Share Gains By PJT Partners
Seeking Alpha· 2025-02-04 20:31
Group 1 - PJT Partners Inc. is expected to have a strong year in 2025, similar to the overall industry outlook, while 2024 presents a mixed picture with varying growth among different firms [2] - The Value Lab offers a portfolio with real-time updates, 24/7 chat support, global market news reports, feedback on stock ideas, monthly new trades, quarterly earnings write-ups, and daily macro opinions [2] - The Valkyrie Trading Society consists of analysts focusing on high conviction and obscure developed market ideas that are downside limited and likely to yield non-correlated and outsized returns in the current economic environment [3]
PJT Partners Soars Past Q4 Expectations
The Motley Fool· 2025-02-04 18:53
PJT Partners reported exceptional results for the fourth quarter.PJT Partners, a financial advisory and investment banking firm, revealed its fourth-quarter results on Feb. 4. The release underscored outstanding financial performance with adjusted earnings per share (EPS) of $1.90, markedly above the $1.13 predicted by analysts. Revenues reached $477.3 million, beating the consensus expectation of $376 million. MetricQ4 2024Q4 2024 Analysts' EstimateQ4 2023% ChangeAdjusted EPS$1.90$1.13$0.9698%Revenue$477.3 ...
PJT Partners (PJT) - 2024 Q4 - Earnings Call Presentation
2025-02-04 18:40
Who We Are 4 February 2025 Notices and Disclaimers Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include certain information concerning future results of operations, business strategies, acquisitions, financing plans, competitive position, potential growth opportunities, potential operating performance im ...
PJT Partners (PJT) Surpasses Q4 Earnings and Revenue Estimates
ZACKS· 2025-02-04 14:00
PJT Partners (PJT) came out with quarterly earnings of $1.90 per share, beating the Zacks Consensus Estimate of $1.11 per share. This compares to earnings of $0.96 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 71.17%. A quarter ago, it was expected that this investment bank would post earnings of $0.74 per share when it actually produced earnings of $0.93, delivering a surprise of 25.68%.Over the last four quarters, the comp ...
PJT Partners (PJT) - 2024 Q4 - Annual Results
2025-02-04 11:50
Exhibit 99.1 Media Relations: Jon Keehner Joele Frank, Wilkinson Brimmer Katcher Tel: +1 212.355.4449 PJT-JF@joelefrank.com Investor Relations: Sharon Pearson PJT Partners Inc. Tel: +1 212.364.7120 pearson@pjtpartners.com > Record Revenues, Pretax Income and EPS – Revenues of $1.49 billion, an increase of 29% from a year ago – GAAP Pretax Income of $271 million and Adjusted Pretax Income of $278 million, both increased 52% from a year ago – GAAP Diluted EPS of $4.92 and Adjusted EPS of $5.02, increases of 5 ...
PJT Partners (PJT) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
ZACKS· 2025-01-28 16:05
PJT Partners (PJT) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on February 4, 2025, might help the stock move higher if these key numbers are better tha ...
Here is Why Growth Investors Should Buy PJT Partners (PJT) Now
ZACKS· 2024-11-18 18:45
Growth Stocks and PJT Partners - Growth investors focus on stocks with above-average financial growth, which can deliver solid returns but carry higher risk and volatility [1] - The Zacks Growth Style Score helps identify cutting-edge growth stocks, and PJT Partners is currently recommended due to its favorable Growth Score and top Zacks Rank [2] - Stocks with the best growth features consistently outperform the market, especially those with a Growth Score of A or B and a Zacks Rank 1 or 2 [3] Earnings Growth - Earnings growth is crucial for growth investors, with double-digit growth indicating strong prospects and potential stock price gains [4] - PJT Partners' historical EPS growth rate is 0.9%, but its projected EPS growth for this year is 34.6%, significantly higher than the industry average of 15.5% [5] Cash Flow Growth - Higher-than-average cash flow growth is particularly beneficial for growth-oriented companies, enabling business expansion without relying on external funding [6] - PJT Partners' year-over-year cash flow growth is 38.1%, well above the industry average of -21.3% [6] - The company's annualized cash flow growth rate over the past 3-5 years is 14.9%, compared to the industry average of 10.3% [7] Earnings Estimate Revisions - Positive trends in earnings estimate revisions are strongly correlated with near-term stock price movements [8] - PJT Partners' current-year earnings estimates have been revised upward, with the Zacks Consensus Estimate surging 1.1% over the past month [8] Conclusion - PJT Partners has earned a Growth Score of B and a Zacks Rank 2 due to its strong earnings estimate revisions and growth metrics [10] - This combination positions PJT Partners well for outperformance, making it an attractive option for growth investors [12]
PJT Partners Inc. (PJT) Hits Fresh High: Is There Still Room to Run?
ZACKS· 2024-11-07 15:20
Stock Performance - PJT Partners' stock has risen by 15.4% over the past month and hit a new 52-week high of $163.54 [1] - The stock has gained 60.5% since the start of the year, outperforming the Zacks Finance sector (24.1%) and the Zacks Financial - Miscellaneous Services industry (17.7%) [1] Earnings and Revenue - PJT Partners has consistently beaten earnings estimates, with no misses in the last four quarters [2] - In the last earnings report, the company reported EPS of $0.93 versus the consensus estimate of $0.74 [2] - For the current fiscal year, PJT Partners is expected to post earnings of $4.40 per share on $1.42 billion in revenues, representing a 34.56% change in EPS and a 23.22% change in revenues [3] - For the next fiscal year, the company is expected to earn $5.40 per share on $1.62 billion in revenues, representing year-over-year changes of 22.73% and 13.65%, respectively [3] Valuation Metrics - PJT Partners trades at 37.2X current fiscal year EPS estimates, a premium to the peer industry average of 13.1X [7] - On a trailing cash flow basis, the stock trades at 22.9X versus its peer group's average of 9.5X [7] - The company has a Value Score of C, Growth Score of B, and Momentum Score of F, resulting in a VGM Score of B [6] Zacks Rank and Style Scores - PJT Partners currently has a Zacks Rank of 2 (Buy) due to rising earnings estimates [8] - The company's Style Scores (Value, Growth, Momentum) and Zacks Rank suggest it could still be poised for more gains [8] Industry Comparison - The Financial - Miscellaneous Services industry is in the top 31% of all industries, indicating favorable conditions for PJT Partners and its peers [11] - WisdomTree, Inc. (WT), a peer company, has a Zacks Rank of 2 (Buy) and a Value Score of C, Growth Score of B, and Momentum Score of B [9] - WisdomTree, Inc. beat earnings estimates by 5.88% last quarter and is expected to post earnings of $0.74 per share on revenue of $429.19 million for the current fiscal year [10] - WisdomTree, Inc.'s stock has gained 10.1% over the past month and trades at a forward P/E of 16.73X and a P/CF of 21.79X [10]
PJT Partners (PJT) - 2024 Q3 - Quarterly Report
2024-10-31 20:30
Global M&A and Restructuring Activity - Worldwide M&A announced volumes during the first nine months of 2024 were up 16% compared with the first nine months of 2023, with annualized volume up 7% compared to 2023[109] - Global restructuring and special situations activity remained strong in Q3 2024, driven by elevated levels of liability management and balance sheet restructurings[110] Fund Placement Activity - Fund placement activity increased from a year ago but remained challenged due to macroeconomic conditions and investor selectivity[111] Q3 2024 Financial Performance - Total revenues for Q3 2024 were $326.3 million, a 17% increase compared to $278.4 million in Q3 2023[125] - Advisory fees for Q3 2024 were $283.8 million, up 16% from $244.1 million in Q3 2023[125] - Placement fees for Q3 2024 were $32.5 million, a 22% increase from $26.7 million in Q3 2023[125] - Net income attributable to PJT Partners Inc. for Q3 2024 was $22.2 million, a 27% increase from $17.4 million in Q3 2023[125] - Compensation and benefits expenses for Q3 2024 were $226.8 million, up 17% from $193.5 million in Q3 2023[125] - Total expenses for Q3 2024 were $276.9 million, a 17% increase from $235.8 million in Q3 2023[125] - Net income for Q3 2024 was $41.1 million, a 32% increase from $31.2 million in Q3 2023[125] - Total revenues for Q3 2024 were $326.3 million, a $48.0 million increase compared to $278.4 million in Q3 2023[126] - Advisory fees for Q3 2024 were $283.8 million, a $39.7 million increase compared to $244.1 million in Q3 2023, driven by private capital solutions revenues[126] - Placement fees for Q3 2024 were $32.5 million, a $5.8 million increase compared to $26.7 million in Q3 2023, due to higher fund placement revenues[126] - Expenses for Q3 2024 were $276.9 million, a $41.1 million increase compared to $235.8 million in Q3 2023, driven by higher compensation and benefits, occupancy, and other expenses[129] Nine Months Ended September 30, 2024 Financial Performance - Total revenues for the nine months ended September 30, 2024, were $1,015.9 million, a $191.3 million increase compared to $824.6 million in the same period in 2023[127] - Advisory fees for the nine months ended September 30, 2024, were $879.6 million, a $143.5 million increase compared to $736.0 million in the same period in 2023, driven by strategic advisory, restructuring, and private capital solutions revenues[128] - Placement fees for the nine months ended September 30, 2024, were $113.8 million, a $39.6 million increase compared to $74.3 million in the same period in 2023, due to a significant increase in fund placement revenues[128] Share Repurchase Program - The company repurchased 1.9 million shares of Class A common stock at an average price of $100.08 per share, totaling $185.5 million, under the share repurchase program[148] Cash and Investments - As of September 30, 2024, the company had cash, cash equivalents, and short-term investments of $477.0 million, compared to $436.9 million as of December 31, 2023[137] Employee Loans and Guarantees - The company's guarantee for employee loans was $2.0 million as of September 30, 2024, down from $2.3 million as of December 31, 2023[151] Tax Receivable Agreement Liabilities - The company's tax receivable agreement liabilities were $30.7 million as of September 30, 2024, up from $29.7 million as of December 31, 2023[153] Allowance for Credit Losses - The allowance for credit losses increased to $4.0 million as of September 30, 2024 from $2.4 million as of December 31, 2023[161] Foreign Currency Fluctuations - Foreign currency fluctuations resulted in a $2.7 million gain in Other Comprehensive Income for the nine months ended September 30, 2024, compared to a $0.5 million loss in the same period of 2023[163] - The company reported a $1.3 million loss in Interest Income and Other due to foreign currency fluctuations for the nine months ended September 30, 2024, compared to a $3.4 million loss in the same period of 2023[163]