PJT Partners (NYSE:PJT) Releases Earnings Results, Beats Estimates By $0.02 EPS

PJT Partners (NYSE:PJT) issued its quarterly earnings results on Tuesday. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.02, Zacks reports. PJT Partners had a net margin of 10.57% and a return on equity of 32.66%. The company had revenue of $385.12 million during the quarter, compared to analyst estimates of $409.74 million. During the same quarter last year, the business posted $1.85 EPS. PJT Partners’s quarterly revenue was down 13.8% compared to the same quarter last year.

Here are the key takeaways from PJT Partners’ conference call:

• Third-quarter results declined: Revenue fell 14% year over year to $385 million, while adjusted EPS declined 24% to $1.41, reflecting fewer transaction completions across all businesses.
• Nine-month performance remained record-setting: Revenue rose 9% to $1.29 billion, adjusted EPS increased 11% to $4.92, and management expects all three principal businesses to deliver record full-year performance.
• Restructuring demand remains elevated amid higher interest rates, debt maturities, challenged business models, and technological disruption; PJT cited a record pipeline and potential for further growth if credit conditions deteriorate.
• PJT Park Hill’s Private Capital Solutions business is driving growth as asset managers seek alternative liquidity and secondary-market solutions, offsetting continued challenges in primary fundraising.
• M&A activity is improving but remains difficult to convert into completed deals: Management expects 2026 to be the second-best year on record for announced global M&A volumes, while volatility, financing costs, geopolitical risks, and regulatory uncertainty continue to weigh on conversion rates.

PJT Partners Stock Performance

PJT traded up $11.29 on Wednesday, hitting $157.88. 160,178 shares of the company were exchanged, compared to its average volume of 404,211. The firm has a fifty day simple moving average of $153.05 and a two-hundred day simple moving average of $156.44. PJT Partners has a 12 month low of $127.73 and a 12 month high of $195.62. The stock has a market capitalization of $4.04 billion, a PE ratio of 21.59 and a beta of 0.88.

PJT Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 16th. Shareholders of record on Wednesday, December 2nd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.6%. The ex-dividend date is Wednesday, December 2nd. PJT Partners’s dividend payout ratio is presently 13.68%.

Insider Buying and Selling

In other PJT Partners news, Director James Costos sold 1,723 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $175.00, for a total value of $301,525.00. Following the transaction, the director owned 11,289 shares in the company, valued at approximately $1,975,575. The trade was a 13.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kievdi Cornwell sold 7,845 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $173.48, for a total value of $1,360,950.60. Following the transaction, the director directly owned 18,865 shares of the company’s stock, valued at $3,272,700.20. The trade was a 29.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 10,668 shares of company stock valued at $1,846,561 over the last three months. 10.98% of the stock is owned by company insiders.

PJT Partners News Summary

Here are the key news stories impacting PJT Partners this week:

• Positive Sentiment: PJT reported record results for the first nine months of 2026. Third-quarter EPS of $1.41 topped one consensus estimate of $1.39, although estimates differed. PJT Partners third-quarter and nine-month results
• Neutral Sentiment: The company declared a quarterly dividend of $0.25 per share, payable December 16, equivalent to a 0.7% annualized yield.
• Neutral Sentiment: PJT signaled an approximately 25% tax rate for 2027 as its CFO transition concludes; the impact on results will depend on future earnings and tax circumstances. PJT signals 2027 tax rate
• Negative Sentiment: Revenue was $385.1 million, below the $409.7 million estimate and down 13.8% year over year. EPS was also below Zacks’ $1.44 estimate. Coverage cited deal-completion delays and a cautious M&A climate as factors weighing on results. PJT Q3 deep dive
• Negative Sentiment: Keefe, Bruyette & Woods lowered its price target from $159 to $155 and maintained a “market perform” rating, signaling limited expected upside at the cited share price. Keefe, Bruyette & Woods recommendations

Analysts Set New Price Targets

PJT has been the subject of several analyst reports. Wall Street Zen downgraded PJT Partners from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. Capital One Financial set a $160.00 price target on PJT Partners in a research report on Tuesday, October 6th. BMO Capital Markets reissued an “outperform” rating on shares of PJT Partners in a report on Tuesday, October 6th. The Goldman Sachs Group cut their price objective on shares of PJT Partners from $203.00 to $182.00 and set a “buy” rating for the company in a research report on Thursday, October 1st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of PJT Partners in a research note on Wednesday, August 26th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $167.67.

About PJT Partners

PJT Partners Inc (NYSE:PJT) is a global, advisory-focused investment banking and financial services firm. The company provides strategic advice to corporations, financial sponsors, institutional investors and other clients on mergers and acquisitions, divestitures, capital raising, liability management and other complex financial matters.

Its businesses also include restructuring and special situations advisory, private capital advisory and placement services, and shareholder engagement and governance advice.