earnings
confidence high
sentiment neutral
materiality 0.70
PJT Partners FY2021 revenue down 6% to $992M; dividend raised to $0.25
PJT Partners Inc.
- Full-year GAAP diluted EPS $3.99; adjusted EPS $4.44.
- Advisory revenue fell 13% to $763M on restructuring decline; strategic advisory and placement hit records.
- Placement revenue rose 34% to $217M, driven by corporate and fund placement activity.
- Quarterly dividend increased from $0.05 to $0.25 per share; payable March 23, 2022 to record March 9.
- Repurchased 3.2M share equivalents in 2021 at avg $72.76; remaining authorization $83.1M.