PJT Partners Inc. (PJT) To Go Ex-Dividend on June 3rd

PJT Partners Inc. (NYSE:PJT) declared a quarterly dividend on Thursday, April 23rd. Investors of record on Wednesday, June 3rd will be given a dividend of 0.25 per share by the financial services provider on Wednesday, June 17th. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Wednesday, June 3rd.

PJT Partners has increased its dividend by an average of 0.4%per year over the last three years. PJT Partners has a dividend payout ratio of 14.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect PJT Partners to earn $8.80 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 11.4%.

PJT Partners Stock Up 0.2%

PJT Partners stock opened at $153.21 on Monday. The business has a 50 day moving average price of $150.13 and a two-hundred day moving average price of $159.55. The stock has a market cap of $3.96 billion, a price-to-earnings ratio of 22.33 and a beta of 0.85. PJT Partners has a 12 month low of $127.73 and a 12 month high of $195.62.

PJT Partners (NYSE:PJT) last posted its quarterly earnings results on Tuesday, April 28th. The financial services provider reported $1.54 EPS for the quarter, beating the consensus estimate of $1.51 by $0.03. The firm had revenue of $418.20 million during the quarter, compared to analysts’ expectations of $409.38 million. PJT Partners had a return on equity of 32.00% and a net margin of 10.32%.The company’s revenue for the quarter was up 28.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.05 EPS. On average, analysts expect that PJT Partners will post 7.5 earnings per share for the current fiscal year.

About PJT Partners

PJT Partners is a global advisory-focused investment bank that delivers strategic advisory, restructuring and special situations, and capital solutions to corporations, partnerships, and governments. The firm operates through three primary business segments: Strategic Advisory, which covers mergers and acquisitions, shareholder advisory, and capital markets advisory; Restructuring and Special Situations, which provides advice on debt and liability management, distressed mergers and acquisitions, and financial restructurings; and Park Hill, the firm’s dedicated capital-raising and secondary advisory business for private equity, real estate, hedge funds, and infrastructure.

The Strategic Advisory practice at PJT Partners assists clients with complex transactions such as cross-border mergers, spin-offs, divestitures, and takeover defenses, drawing on deep industry expertise and global reach.