earnings
confidence high
sentiment negative
materiality 0.55
PJT Partners Q2 revenue down 3% to $233M, GAAP EPS $0.74, adjusted EPS $0.88 down 17%
PJT Partners Inc.
- Q2 total revenues $233M, down 3% YoY; Advisory down 6% to $187M, Placement up 23% to $49M.
- GAAP diluted EPS $0.74, adjusted EPS $0.88, both down 17% vs prior year quarter.
- Six-month revenues $479M, up 7% YoY; GAAP diluted EPS $1.74, adjusted EPS $1.88, down 9% and 4%.
- Cash $181.5M, no funded debt; repurchased 1.7M share equivalents in H1 at avg price $64.84.
- Declared quarterly dividend of $0.25 per share, payable Sept 21 to holders of record Sept 7.