PJT Partners Inc., an investment bank, provides various strategic and shareholder advisory, restructuring and special situations, and capital markets advisory services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers a range of financial advisory and transaction execution capabilities, including mergers and acquisitions, joint ventures, minority investments, asset swaps, divestitures, and activism defense. The company also advices companies, creditors, and financial sponsors on exchanges, recapitalizations, reorganizations, debt repurchases, and distressed mergers and acquisitions. In addition, it offers private fund advisory and fundraising services for various investment strategies, including private equity, hedge fund, real estate, and secondary advisory groups. The company was formerly known as Blackstone Advisory Inc. and changed its name to PJT Partners Inc. in March 2015. PJT Partners Inc. was incorporated in 2014 and is headquartered in New York, New York.
IPO Year: 2015
Exchange: NYSE
Website: pjtpartners.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/26/2024 | $100.00 → $75.00 | Neutral → Sell | UBS |
| 1/29/2024 | $101.00 | Mkt Perform | Keefe Bruyette |
| 1/9/2024 | Buy → Neutral | Goldman | |
| 1/3/2024 | $89.00 | Peer Perform → Underperform | Wolfe Research |
| 12/5/2023 | Buy → Neutral | Seaport Research Partners | |
| 10/3/2023 | $84.00 | Neutral | UBS |
| 7/26/2023 | Outperform → Peer Perform | Wolfe Research | |
| 4/7/2022 | $83.00 | Peer Perform → Outperform | Wolfe Research |
| 4/6/2022 | $79.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 3/9/2022 | $80.00 → $69.00 | Overweight | Piper Sandler |
4 - PJT Partners Inc. (0001626115) (Issuer)
4 - PJT Partners Inc. (0001626115) (Issuer)
4 - PJT Partners Inc. (0001626115) (Issuer)
4 - PJT Partners Inc. (0001626115) (Issuer)
4 - PJT Partners Inc. (0001626115) (Issuer)
4 - PJT Partners Inc. (0001626115) (Issuer)
4 - PJT Partners Inc. (0001626115) (Issuer)
4 - PJT Partners Inc. (0001626115) (Issuer)
4 - PJT Partners Inc. (0001626115) (Issuer)
4 - PJT Partners Inc. (0001626115) (Issuer)
Third Quarter Overview Record Third Quarter Revenues of $326 million, an increase of 17% from a year ago GAAP Pretax Income of $49 million and Adjusted Pretax Income of $51 million, both increased 16% from a year ago GAAP Diluted EPS of $0.79 and Adjusted EPS of $0.93, increases of 16% and 19%, respectively, from a year ago Nine Months Overview Record year-to-date Revenues of $1.02 billion, an increase of 23% from a year ago GAAP Pretax Income of $168 million and Adjusted Pretax Income of $172 million, increases of 33% and 32%, respectively, from a year ago GAAP Diluted EPS of $3.08 and Adjusted EPS of $3.10, increases of 40% and 35%, respectively, from a year ago Capital Ma
PJT Partners Inc. ("PJT Partners") (NYSE:PJT) announced that it expects to release its third quarter 2024 financial results on Tuesday morning, October 29, 2024. The earnings release will be available through the Investor Relations section of the PJT Partners website at www.pjtpartners.com. PJT Partners will host a conference call on Tuesday, October 29, 2024 at 8:30 a.m. ET with access available via webcast and telephone. Paul J. Taubman, Chairman and Chief Executive Officer, and Helen T. Meates, Chief Financial Officer, will review the results and be available for questions. Investors and analysts may participate in the live conference call by dialing +1 (800)-343-5172 (U.S. domestic) o
Second Quarter Overview Record Quarterly Revenues of $360 million, an increase of 4% from a year ago GAAP Pretax Income of $64 million and Adjusted Pretax Income of $66 million, both increased 19% from a year ago GAAP Diluted EPS of $1.06 and Adjusted EPS of $1.19, increases of 23% and 20%, respectively, from a year ago Six Months Overview Record First Half and Six Months Revenues of $690 million, an increase of 26% from a year ago GAAP Pretax Income of $118 million and Adjusted Pretax Income of $121 million, increases of 42% and 41%, respectively, from a year ago GAAP Diluted EPS of $2.29 and Adjusted EPS of $2.17, increases of 50% and 43%, respectively, from a year ag
PJT Partners Inc. ("PJT Partners") (NYSE:PJT) announced that it expects to release its second quarter and first half 2024 financial results on Tuesday morning, July 30, 2024. The earnings release will be available through the Investor Relations section of the PJT Partners website at www.pjtpartners.com. PJT Partners will host a conference call on Tuesday, July 30, 2024 at 8:30 a.m. ET with access available via webcast and telephone. Paul J. Taubman, Chairman and Chief Executive Officer, and Helen T. Meates, Chief Financial Officer, will review the results and be available for questions. Investors and analysts may participate in the live conference call by dialing +1 (800) 343-5419 (U.S.
First Quarter Overview Record First Quarter Revenues of $329 million, an increase of 65% from a year ago GAAP Pretax Income of $54 million and Adjusted Pretax Income of $55 million, an increase of 85% and 81%, respectively, from a year ago GAAP Diluted EPS of $1.22 and Adjusted EPS of $0.98, an increase of 82% and 81%, respectively, from a year ago Capital Management and Balance Sheet 1.5 million share and share equivalents repurchased with record open market repurchases of 1.1 million shares Record First Quarter cash, cash equivalents and short-term investments of $236 million and no funded debt Paul J. Taubman, Chairman and Chief Executive Officer, said, "We reported
PJT Partners Inc. ("PJT Partners") (NYSE:PJT) announced that it expects to release its first quarter 2024 financial results on Thursday morning, May 2, 2024. The earnings release will be available through the Investor Relations section of the PJT Partners website at www.pjtpartners.com. PJT Partners will host a conference call on Thursday, May 2, 2024 at 8:30 a.m. ET with access available via webcast and telephone. Paul J. Taubman, Chairman and Chief Executive Officer, and Helen T. Meates, Chief Financial Officer, will review the results and be available for questions. Investors and analysts may participate in the live conference call by dialing +1 (800) 343-5419 (U.S. domestic) or +1 (
PJT Partners Inc. ("PJT Partners") (NYSE:PJT) announced that it expects to release its full year and fourth quarter 2023 financial results on Tuesday morning, February 6, 2024. The earnings release will be available through the Investor Relations section of the PJT Partners website at www.pjtpartners.com. PJT Partners will host a conference call on Tuesday, February 6, 2024 at 8:30 a.m. ET with access available via webcast and telephone. Paul J. Taubman, Chairman and Chief Executive Officer, and Helen T. Meates, Chief Financial Officer, will review the results and be available for questions. Investors and analysts may participate in the live conference call by dialing +1 (800) 245-3047
PJT Partners Inc. ("PJT Partners") (NYSE:PJT) announced that it expects to release its third quarter 2023 financial results on Tuesday morning, October 31, 2023. The earnings release will be available through the Investor Relations section of the PJT Partners website at www.pjtpartners.com. PJT Partners will host a conference call on Tuesday, October 31, 2023 at 8:30 a.m. ET with access available via webcast and telephone. Paul J. Taubman, Chairman and Chief Executive Officer, and Helen T. Meates, Chief Financial Officer, will review the results and be available for questions. Investors and analysts may participate in the live conference call by dialing +1 (800) 579-2543 (U.S. domestic)
PJT Partners Inc. ("PJT Partners") (NYSE:PJT) announced that it expects to release its second quarter 2023 financial results on Tuesday morning, July 25, 2023. The earnings release will be available through the Investor Relations section of the PJT Partners website at www.pjtpartners.com. PJT Partners will host a conference call on Tuesday, July 25, 2023 at 8:30 a.m. ET with access available via webcast and telephone. Paul J. Taubman, Chairman and Chief Executive Officer, and Helen T. Meates, Chief Financial Officer, will review the results and be available for questions. Investors and analysts may participate in the live conference call by dialing +1 (888) 256-1007 (U.S. domestic) or +
PJT Partners Inc. ("PJT Partners") (NYSE:PJT) announced that it expects to release its first quarter 2023 financial results on Tuesday morning, May 2, 2023. The earnings release will be available through the Investor Relations section of the PJT Partners website at www.pjtpartners.com. PJT Partners will host a conference call on Tuesday, May 2, 2023 at 8:30 a.m. ET with access available via webcast and telephone. Paul J. Taubman, Chairman and Chief Executive Officer, and Helen T. Meates, Chief Financial Officer, will review the results and be available for questions. Investors and analysts may participate in the live conference call by dialing +1 (888) 224-1005 (U.S. domestic) or +1 (72
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UBS downgraded PJT Partners from Neutral to Sell and set a new price target of $75.00 from $100.00 previously
Keefe Bruyette resumed coverage of PJT Partners with a rating of Mkt Perform and set a new price target of $101.00
Goldman downgraded PJT Partners from Buy to Neutral
Wolfe Research downgraded PJT Partners from Peer Perform to Underperform and set a new price target of $89.00
Seaport Research Partners downgraded PJT Partners from Buy to Neutral
UBS initiated coverage of PJT Partners with a rating of Neutral and set a new price target of $84.00
Wolfe Research downgraded PJT Partners from Outperform to Peer Perform
Wolfe Research upgraded PJT Partners from Peer Perform to Outperform and set a new price target of $83.00
Keefe Bruyette upgraded PJT Partners from Mkt Perform to Outperform and set a new price target of $79.00
Piper Sandler reiterated coverage of PJT Partners with a rating of Overweight and set a new price target of $69.00 from $80.00 previously
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Keefe, Bruyette & Woods analyst Michael Brown maintains PJT Partners (NYSE:PJT) with a Market Perform and raises the price target from $99 to $108.
UBS analyst Brennan Hawken maintains PJT Partners (NYSE:PJT) with a Sell and raises the price target from $85 to $93.
PJT Partners (NYSE:PJT) reported quarterly earnings of $0.98 per share which beat the analyst consensus estimate of $0.45 by 117.78 percent. This is a 81.48 percent increase over earnings of $0.54 per share from the same period last year. The company reported quarterly sales of $329.393 million which beat the analyst consensus estimate of $229.153 million by 43.74 percent. This is a 64.71 percent increase over sales of $199.988 million the same period last year.
JMP Securities analyst Devin Ryan reiterates PJT Partners (NYSE:PJT) with a Market Outperform and maintains $110 price target.
Ratings for PJT Partners (NYSE:PJT) were provided by 5 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 1 2 1 1 Last 30D 0 0 0 0 1 1M Ago 0 0 0 0 0 2M Ago 0 1 0 0 0 3M Ago 0 0 2 1 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $94.6, a high estimate of $110.00, and a low estimate of $75.00. This current average represents a 5.16% decre
UBS analyst Brennan Hawken downgrades PJT Partners (NYSE:PJT) from Neutral to Sell and lowers the price target from $100 to $75.
Throughout the last three months, 5 analysts have evaluated PJT Partners (NYSE:PJT), offering a diverse set of opinions from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 1 2 1 0 Last 30D 0 1 0 0 0 1M Ago 0 0 2 0 0 2M Ago 1 0 0 1 0 3M Ago 0 0 0 0 0 Analysts have set 12-month price targets for PJT Partners, revealing an average target of $101.2, a high estimate of $110.00, and a low estimate of $89.00. This upward trend is evident, with the current average
JMP Securities analyst Devin Ryan maintains PJT Partners (NYSE:PJT) with a Market Outperform and raises the price target from $105 to $110.
PJT Partners (NYSE:PJT) reported quarterly earnings of $0.96 per share which beat the analyst consensus estimate of $0.88 by 9.09 percent. This is a 11.11 percent decrease over earnings of $1.08 per share from the same period last year. The company reported quarterly sales of $328.55 million which beat the analyst consensus estimate of $304.26 million by 7.98 percent. This is a 17.36 percent increase over sales of $279.95 million the same period last year.
Transaction Strengthens PJT's Presence in the Middle East PJT Partners Inc. (the "Company" or "PJT Partners") (NYSE:PJT) announced today that it has entered into an agreement to acquire deNovo Partners ("deNovo"), a leading advisory firm focused on the Middle East and headquartered in Dubai. This acquisition builds upon the highly successful strategic alliance PJT Partners and deNovo entered into in 2020. Founded in 2010 by May Nasrallah, deNovo's team of more than 20 professionals provides financial advisory services to clients in the Middle East. Since inception, deNovo has advised on more than 100 transactions, including the region's two largest private sector M&A transactions this yea
NEW YORK, Dec. 1, 2023 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, December 18, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from t
PJT Partners Inc. (the "Company" or "PJT Partners") (NYSE:PJT) today announced the appointment of K. Don Cornwell to its Board of Directors (the "Board"). He will assume his role on the Board in January 2023, and will continue as a Partner in PJT Partners' Strategic Advisory business until then. Mr. Cornwell joined PJT Partners in February 2015 as one of its earliest partners and played an integral role in building out the Company's Strategic Advisory business while also advising on some of the most significant gaming, sports and entertainment deals in the industry. Prior to joining PJT Partners, he had an 18-year career at Morgan Stanley in the Mergers and Acquisitions Group, where he led
Third Quarter Overview Record Third Quarter Revenues of $326 million, an increase of 17% from a year ago GAAP Pretax Income of $49 million and Adjusted Pretax Income of $51 million, both increased 16% from a year ago GAAP Diluted EPS of $0.79 and Adjusted EPS of $0.93, increases of 16% and 19%, respectively, from a year ago Nine Months Overview Record year-to-date Revenues of $1.02 billion, an increase of 23% from a year ago GAAP Pretax Income of $168 million and Adjusted Pretax Income of $172 million, increases of 33% and 32%, respectively, from a year ago GAAP Diluted EPS of $3.08 and Adjusted EPS of $3.10, increases of 40% and 35%, respectively, from a year ago Capital Ma
PJT Partners Inc. ("PJT Partners") (NYSE:PJT) announced that it expects to release its third quarter 2024 financial results on Tuesday morning, October 29, 2024. The earnings release will be available through the Investor Relations section of the PJT Partners website at www.pjtpartners.com. PJT Partners will host a conference call on Tuesday, October 29, 2024 at 8:30 a.m. ET with access available via webcast and telephone. Paul J. Taubman, Chairman and Chief Executive Officer, and Helen T. Meates, Chief Financial Officer, will review the results and be available for questions. Investors and analysts may participate in the live conference call by dialing +1 (800)-343-5172 (U.S. domestic) o
Transaction Strengthens PJT's Presence in the Middle East PJT Partners Inc. (the "Company" or "PJT Partners") (NYSE:PJT) announced today that it has entered into an agreement to acquire deNovo Partners ("deNovo"), a leading advisory firm focused on the Middle East and headquartered in Dubai. This acquisition builds upon the highly successful strategic alliance PJT Partners and deNovo entered into in 2020. Founded in 2010 by May Nasrallah, deNovo's team of more than 20 professionals provides financial advisory services to clients in the Middle East. Since inception, deNovo has advised on more than 100 transactions, including the region's two largest private sector M&A transactions this yea
Second Quarter Overview Record Quarterly Revenues of $360 million, an increase of 4% from a year ago GAAP Pretax Income of $64 million and Adjusted Pretax Income of $66 million, both increased 19% from a year ago GAAP Diluted EPS of $1.06 and Adjusted EPS of $1.19, increases of 23% and 20%, respectively, from a year ago Six Months Overview Record First Half and Six Months Revenues of $690 million, an increase of 26% from a year ago GAAP Pretax Income of $118 million and Adjusted Pretax Income of $121 million, increases of 42% and 41%, respectively, from a year ago GAAP Diluted EPS of $2.29 and Adjusted EPS of $2.17, increases of 50% and 43%, respectively, from a year ag
PJT Partners Inc. ("PJT Partners") (NYSE:PJT) announced that it expects to release its second quarter and first half 2024 financial results on Tuesday morning, July 30, 2024. The earnings release will be available through the Investor Relations section of the PJT Partners website at www.pjtpartners.com. PJT Partners will host a conference call on Tuesday, July 30, 2024 at 8:30 a.m. ET with access available via webcast and telephone. Paul J. Taubman, Chairman and Chief Executive Officer, and Helen T. Meates, Chief Financial Officer, will review the results and be available for questions. Investors and analysts may participate in the live conference call by dialing +1 (800) 343-5419 (U.S.
First Quarter Overview Record First Quarter Revenues of $329 million, an increase of 65% from a year ago GAAP Pretax Income of $54 million and Adjusted Pretax Income of $55 million, an increase of 85% and 81%, respectively, from a year ago GAAP Diluted EPS of $1.22 and Adjusted EPS of $0.98, an increase of 82% and 81%, respectively, from a year ago Capital Management and Balance Sheet 1.5 million share and share equivalents repurchased with record open market repurchases of 1.1 million shares Record First Quarter cash, cash equivalents and short-term investments of $236 million and no funded debt Paul J. Taubman, Chairman and Chief Executive Officer, said, "We reported
PJT Partners Inc. ("PJT Partners") (NYSE:PJT) announced that it expects to release its first quarter 2024 financial results on Thursday morning, May 2, 2024. The earnings release will be available through the Investor Relations section of the PJT Partners website at www.pjtpartners.com. PJT Partners will host a conference call on Thursday, May 2, 2024 at 8:30 a.m. ET with access available via webcast and telephone. Paul J. Taubman, Chairman and Chief Executive Officer, and Helen T. Meates, Chief Financial Officer, will review the results and be available for questions. Investors and analysts may participate in the live conference call by dialing +1 (800) 343-5419 (U.S. domestic) or +1 (
Full Year Overview Record Revenues of $1.15 billion, an increase of 12% from a year ago GAAP Pretax Income of $178 million and Adjusted Pretax Income of $183 million GAAP Diluted EPS of $3.12 and Adjusted EPS of $3.27 Fourth Quarter Overview Record Fourth Quarter Revenues of $329 million, an increase of 17% from a year ago GAAP Pretax Income of $52 million and Adjusted Pretax Income of $53 million GAAP Diluted EPS of $0.87 and Adjusted EPS of $0.96 2023 Investments and Capital Management 1,012 Company-wide headcount, an increase of 12% from a year ago 2.2 million share and share equivalents repurchased $437 million of cash, cash equivalents and short-term in
PJT Partners Inc. ("PJT Partners") (NYSE:PJT) announced that it expects to release its full year and fourth quarter 2023 financial results on Tuesday morning, February 6, 2024. The earnings release will be available through the Investor Relations section of the PJT Partners website at www.pjtpartners.com. PJT Partners will host a conference call on Tuesday, February 6, 2024 at 8:30 a.m. ET with access available via webcast and telephone. Paul J. Taubman, Chairman and Chief Executive Officer, and Helen T. Meates, Chief Financial Officer, will review the results and be available for questions. Investors and analysts may participate in the live conference call by dialing +1 (800) 245-3047
NEW YORK, Dec. 1, 2023 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, December 18, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from t