PJT Partners Inc. Reports First Quarter 2019 Results and Announces New Share Repurchase Authorization
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PJT Partners (PJT) Misses Q1 EPS by 7c, Revenues Miss; Board Authorizes New $100M Share Buyback
May 1, 2019 6:53 AM EDTPJT Partners (NYSE: PJT) reported Q1 EPS of $0.28, $0.07 worse than the analyst estimate of $0.35. Revenue for the quarter came in at $128.1 million versus the consensus estimate of $137.24 million.
Total Revenues of $128.1 million for first quarter 2019 compared with $134.0 million a year agoAdvisory Revenues of $104.5 million, up slightly from a year agoPlacement Revenues of $23.3 million, down 11% from a year agoStrong balance sheet at quarter end with $56.4 million of cash, cash equivalents and short-term investmentsRepurchased approximately 404,000 share equivalents during the quarter through Partnership Unit exchanges and employee net share... More