Perella Weinberg Partners (NASDAQ:PWP) Announces Quarterly Earnings Results

Perella Weinberg Partners (NASDAQ:PWP) announced its quarterly earnings data on Thursday. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.22, Zacks reports. The firm had revenue of $251.37 million during the quarter, compared to the consensus estimate of $172.82 million. Perella Weinberg Partners had a negative return on equity of 35.84% and a net margin of 3.19%.

Here are the key takeaways from Perella Weinberg Partners’ conference call:

• Third-quarter revenue rose 53% year over year to $251 million, led by M&A, which nearly doubled from the prior-year quarter and increased more than 40% year to date. Management cited strength in consumer, industrials, energy, and financial institutions.
• Visibility into future revenue improved, with announced and pending backlog nearly three times last year’s level, total booked plus announced and pending backlog up about 30%, and gross backlog under engagement letters up 40%. Management expects some of this backlog to convert in early 2027.
• The firm reported broad-based activity, including a 50% increase in fee-paying clients and nearly 80% growth in fee events exceeding $5 million. The Gleacher Shacklock acquisition has already contributed six announced U.K. transactions since closing on September 1.
• Management reiterated its 67% full-year adjusted compensation margin target and expects full-year adjusted non-compensation expenses to decline by a single-digit percentage from 2025. The company ended the quarter with $150 million of cash and no debt.
• Perella Weinberg said it is focused on long-term standalone growth through hiring, internal promotions, and selective acquisitions, while denying that it has initiated a sale process. Executives expect higher rates to be manageable if increases are gradual, but warned that sharp rate moves could pressure valuations and highly leveraged transactions.

Perella Weinberg Partners Stock Performance

NASDAQ PWP traded up $0.78 during trading hours on Thursday, hitting $13.72. The company had a trading volume of 1,556,500 shares, compared to its average volume of 1,291,076. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 52.66 and a beta of 1.63. Perella Weinberg Partners has a 52 week low of $12.13 and a 52 week high of $25.92. The firm has a 50 day simple moving average of $14.85 and a 200 day simple moving average of $17.48.

Perella Weinberg Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Friday, August 28th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, August 28th. This represents a $0.28 dividend on an annualized basis and a yield of 2.0%. Perella Weinberg Partners’s dividend payout ratio is 107.69%.

Insider Buying and Selling

In other Perella Weinberg Partners news, CEO Andrew Bednar sold 80,045 shares of the stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $17.17, for a total value of $1,374,372.65. Following the sale, the chief executive officer directly owned 1,139,013 shares in the company, valued at $19,556,853.21. This represents a 6.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 235,697 shares of company stock worth $4,080,379 over the last three months. 26.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on PWP shares. Wall Street Zen downgraded shares of Perella Weinberg Partners from a “buy” rating to a “hold” rating in a research report on Saturday, October 3rd. Weiss Ratings lowered Perella Weinberg Partners from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, October 14th. The Goldman Sachs Group upped their price objective on shares of Perella Weinberg Partners from $14.50 to $16.00 and gave the company a “sell” rating in a report on Monday, August 3rd. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $21.00 target price (up from $19.00) on shares of Perella Weinberg Partners in a research note on Monday, August 3rd. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Perella Weinberg Partners currently has an average rating of “Hold” and an average target price of $22.00.

Perella Weinberg Partners Company Profile

Perella Weinberg Partners (NASDAQ: PWP) is an independent investment banking and financial services firm that provides strategic and financial advice to corporations, financial institutions, governments, and other organizations. The firm focuses on complex, high-value transactions and situations that require specialized advice and senior-level expertise.

Its services include mergers and acquisitions, strategic transactions, financial restructurings, capital markets advisory, and private capital advisory.