Published on 6 Feb 2024 on GuruFocus.com via Yahoo Finance
PJT Partners Inc. Announces Record Revenues and Robust Earnings for Full Year and Q4 2023
Record Annual Revenues: PJT Partners Inc. reported a 12% increase in annual revenues, reaching $1.15 billion.Adjusted Earnings Per Share: The company achieved an adjusted EPS of $3.27 for the full year and $0.96 for the fourth quarter.Capital Management: The firm ended the year with $437 million in cash and equivalents, and no funded debt.Share Repurchase Authorization: The Board authorized a new $500 million Class A common stock repurchase program.Dividend Declaration: A quarterly dividend of $0.25 per share of Class A common stock was declared, payable on March 20, 2024.
Warning! GuruFocus has detected 6 Warning Sign with PJT.
On February 6, 2024, PJT Partners Inc. (NYSE:PJT) released its 8-K filing, announcing its financial results for the full year and fourth quarter of 2023. The advisory-focused investment bank reported record revenues and robust earnings despite a challenging market environment. The company's strategic advisory, capital markets advisory, restructuring, and fundraising services across various industries and geographies have contributed to its strong financial performance.