PJT Partners Inc. (NYSE:PJT) is reporting second quarter financial results on Tuesday 28th July 2020, before market open.
According to analysts surveyed by Thomson Reuters, PJT is expected to report 2Q20 income of $ 0.68 per share from revenue of $ 185.37 million.
For the full year, analysts anticipate top line of $ 766.72 million, while looking forward to income of $ 2.75 per share bottom line.
Previous Quarter Performance
PJT Partners Inc. outlined income for the first quarter of $ 0.71 per share, from the revenue of $ 200.17 million. The quarterly earnings down 26.92 percent while revenues compared with the same quarter last year.
Street analysts expected PJT Partners Inc. to report income of $ 0.60 per share on revenue of $ 180.99 million for the first quarter. The bottom line results beat street analysts by $ 0.11 or 18.33 percent, at the same time, top line results outshined analysts by $ 19.18 million or 10.60 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of PJT was $ 53.23, representing a 125.26 % increase from the 52 week low of $ 23.63 and a 8.22 % decrease over the 52 week high of $ 58.00.
The company has a market capital of $ 2.06 billion and is part of the Financial Services sector and Capital Markets industry.
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Recent Stock Dividend Announcement
On April 28, 2020, the board of directors authorized quarterly dividend of $ 0.05 per share to holders of record as of the close of business on June 3, 2020, with payment date of June 17, 2020 and ex-dividend date on June 2, 2020.
Conference Call
PJT Partners Inc. will be hosting a conference call at 8:30 AM eastern time on 28th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.pjtpartners.com
PJT Partners Inc., an investment bank, provides various strategic advisory, shareholder engagement, restructuring and special situations, and private fund advisory and placement services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers a range of financial advisory and transaction execution capability, including mergers and acquisitions, joint ventures, minority investments, asset swaps, divestitures, takeover defenses, corporate finance advisory, private placements, and distressed sales. The company also advices companies, creditors, and financial sponsors on recapitalizations, reorganizations, exchange offers, debt repurchases, capital raises, and distressed mergers and acquisitions.
