earnings
confidence high
sentiment positive
materiality 0.75
PJT Partners Q3 record revenues $326M (+17%), adjusted EPS $0.93 (+19%)
PJT Partners Inc.
- GAAP pretax income $49M (+16%); adjusted pretax $51M (+16%).
- Advisory fees $284M (+16%); placement fees $33M (+22%); interest income $10M.
- Nine-month revenues $1.02B (+23%); GAAP diluted EPS $3.08, adjusted $3.10.
- Completed deNovo Partners acquisition Oct 1; cash $477M, no funded debt.
- Quarterly dividend $0.25/share payable Dec 18; repurchased 2.6M share equivalents YTD.