Lazard (LAZ) to Release Quarterly Earnings on Thursday

Lazard (NYSE:LAZ) is projected to release its earnings data before the market opens on Thursday, January 30th. Analysts expect Lazard to post earnings of $0.69 per share and revenue of $793,530.00 billion for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Lazard (NYSE:LAZ) last posted its quarterly earnings results on Thursday, October 31st. The asset manager reported $0.38 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.03). The business had revenue of $646.00 million during the quarter, compared to analyst estimates of $644.22 million. Lazard had a return on equity of 42.20% and a net margin of 8.28%. The business’s revenue was up 21.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.10 EPS. On average, analysts expect Lazard to post $2 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Lazard Trading Down 2.5 %

NYSE:LAZ opened at $52.57 on Tuesday. Lazard has a 12-month low of $35.56 and a 12-month high of $61.14. The firm has a market cap of $5.93 billion, a PE ratio of 20.94 and a beta of 1.40. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 2.72. The stock has a fifty day moving average price of $53.06 and a 200 day moving average price of $50.60.

Lazard Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 8th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date of this dividend was Friday, November 8th. Lazard’s dividend payout ratio is currently 79.68%.

Analyst Ratings Changes

A number of research firms recently weighed in on LAZ. Keefe, Bruyette & Woods cut their target price on shares of Lazard from $57.00 to $52.00 and set a “market perform” rating on the stock in a research note on Monday, January 13th. UBS Group raised their price objective on shares of Lazard from $49.00 to $52.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Wolfe Research downgraded shares of Lazard from an “outperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. StockNews.com cut Lazard from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. Finally, The Goldman Sachs Group dropped their price objective on Lazard from $51.00 to $44.00 and set a “sell” rating on the stock in a report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $53.50.

Lazard Company Profile

Lazard, Inc, together with its subsidiaries, operates as a financial advisory and asset management firm in North and South America, Europe, the Middle East, Asia, and Australia. It operates in two segments, Financial Advisory and Asset Management. The Financial Advisory segment offers financial advisory services, such as mergers and acquisitions, capital markets, shareholder, sovereign, geopolitical advisory, and other strategic advisory services, as well as restructuring and liability management, and capital raising and placement services.