PJT Partners Inc. (the "Company" or "PJT Partners") (NYSE: PJT) today reported Total Revenues of $200.2 million for first quarter 2020 compared with $128.1 million for the prior year quarter. GAAP Net Income and Adjusted Net Income, If-Converted were $32.0 million and $29.1 million, respectively, for the current quarter compared with $0.9 million and $11.4 million, respectively, for the prior year quarter. GAAP Diluted EPS and Adjusted EPS were $0.72 and $0.71, respectively, for the current quarter compared with $0.04 and $0.28, respectively, for the prior year quarter.
Q4 2019 PJT Partners Inc Earnings Call
PJT Partners Inc. ("PJT Partners") (NYSE:PJT) announced that it expects to release its first quarter 2020 financial results on Tuesday morning, April 28, 2020. The earnings release will be available through the Investor Relations section of the PJT Partners website at www.pjtpartners.com.
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(Bloomberg) -- CBL & Associates Properties Inc. hired Moelis & Co. and Weil Gotshal & Manges as it seeks advice on strategic and financing options including restructuring, according to people with knowledge of the matter.The owner of shopping malls is exploring ways to recapitalize including an exchange offer, in which senior holders of unsecured debt swap their investments for secured debt, said one of the people, who requested anonymity because the matter is private. The Chattanooga, Tennessee-based company may also discuss a Chapter 11 bankruptcy filing as a last resort, some of the people said.A group of CBL’s creditors has hired advisers including PJT Partners Inc. and Akin Gump Strauss Hauer & Feld, some of the people said. Calls for comment to CBL, Weil and Akin weren’t immediately returned. Representatives for Moelis and PJT declined to comment.The real estate investment trust’s shares fell as much as 11% Tuesday morning. They have dropped 68% this year, cutting the company’s market capitalization to $63 million.CBL operates more than 100 properties across 26 states, most of which are so-called Class B malls, and has been hurt in part by the closures of retailers including Forever 21. Its top tenants based on revenue at year-end included L Brands Inc., Signet Jewelers Ltd., Foot Locker Inc., a unit of American Eagle Outfitters Inc., Dick’s Sporting Goods Inc. and Ascena Retail Group Inc., filings show.CBL said this month that it was taking actions to offset the anticipated impacts of the Covid-19 pandemic on revenue and cash flow. Chairman Charles Lebovitz, Chief Executive Officer Stephen Lebovitz, President Michael Lebovitz and independent directors agreed to reduce their salaries and fees by 50%.The company, which is scheduled to report first-quarter results on May 4, has withdrawn 2020 earnings guidance and discontinued its dividend. Fitch downgraded the company’s long-term rating and said it expects “that an event of default or an exchange/restructuring of existing debt is probable within 12 months.”CBL’s bonds maturing in 2026 last traded at about 26 cents on the dollar, according to data from Trace.(Updates with share price in fourth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Given strong fundamentals and prospects, PJT Partners (PJT) stock is an attractive investment option at the moment.
Q1 2020 PJT Partners Inc Earnings Call
As of late, it has definitely been a great time to be an investor in PJT Partners.
NEW YORK, NY / ACCESSWIRE / February 6, 2020 / PJT Partners, Inc. (NYSE:PJT) will be discussing their earnings results in their 2019 Fourth Quarter Earnings call to be held on February 6, 2020 at 8:30 ...
Q3 2019 PJT Partners Inc Earnings Call
As you might know, PJT Partners Inc. (NYSE:PJT) just kicked off its latest quarterly results with some very strong...
You can receive the average market return by buying a low-cost index fund. But if you pick the right individual...
At this time I would like to turn the conference over to Sharon Pearson, Head of Investor Relations. Before I turn the call over to Paul, I want to point out that during the course of this conference call, we may make a number of forward-looking statements.
Partners (NYSE:PJT) shareholders are no doubt pleased to see that the share price has had a great month, posting a 53...
PJT Partners Inc. (NYSE:PJT), which is in the capital markets business, and is based in United States, received a lot...
Unfortunately for some shareholders, the Partners (NYSE:PJT) share price has dived 43% in the last thirty days. Even...
Paul Taubman has been the CEO of PJT Partners Inc. (NYSE:PJT) since 2015. This report will, first, examine the CEO...
PJT Partners Inc. (NYSE:PJT) just released its latest yearly results and things are looking bullish. Results were good...