PJT Partners (PJT) Reports Q4 Revenues Above Estimates

PJT Partners (NYSE: PJT) reported Q4 EPS of $0.79, versus $0.66 reported last year. Revenue for the quarter came in at $190.6 million versus the consensus estimate of $177.33 million.

Overview

• Total Revenues of $499.3 million for full year 2017, flat year-over-year
  • Advisory Revenues of $386.3 million, up from $377.6 million in the prior year
  • Placement Revenues of $102.8 million, down from $115.0 million in the prior year
• Total Revenues of $190.6 million for fourth quarter 2017, up 10% year-over-year
• Strong balance sheet at year-end with $182.7 million of cash, cash equivalents and short-term investments; no funded debt
• Repurchased 1.3 million Partnership Units and shares during 2017 through quarterly Partnership Unit exchanges and share buybacks
• Intend to repurchase nearly 534,000 Partnership Units for cash in February 2018

For earnings history and earnings-related data on PJT Partners (PJT) click here.

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