earnings
confidence high
sentiment negative
materiality 0.70
PJT Partners Q3 revenue falls 22% to $231M; adjusted EPS $0.98 vs $1.01 last year
PJT Partners Inc.
- Advisory revenues $180M (-31% YoY) as restructuring decline offset strategic advisory growth.
- Placement revenues $47M (+48% YoY) on higher fund placement activity.
- GAAP diluted EPS $0.82; adjusted EPS $0.98; GAAP pretax margin 20.9%.
- YTD repurchased 2.9M share equivalents at avg $72.05; $91.9M remaining authorization.
- Paid special dividend of $3/share in Oct 2021; regular Q4 dividend $0.05 payable Dec 22.