Lazard (LAZ) to Release Quarterly Earnings on Thursday

Lazard (NYSE:LAZ) will likely be posting its quarterly earnings results 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. Investors that are 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 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.03). The company had revenue of $646.00 million for the quarter, compared to analysts’ expectations of $644.22 million. Lazard had a return on equity of 42.20% and a net margin of 8.28%. The business’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same period in the prior year, the business 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 Up 1.3 %

LAZ stock opened at $54.07 on Thursday. The business has a fifty day simple moving average of $53.15 and a 200-day simple moving average of $50.30. Lazard has a 52 week low of $35.56 and a 52 week high of $61.14. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 2.72. The company has a market cap of $6.10 billion, a price-to-earnings ratio of 21.54 and a beta of 1.40.

Lazard Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date was Friday, November 8th. Lazard’s dividend payout ratio (DPR) is presently 79.68%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. UBS Group increased their price objective on shares of Lazard from $49.00 to $52.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. Wells Fargo & Company lowered their price target on Lazard from $59.00 to $51.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Wolfe Research downgraded shares of Lazard from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. StockNews.com downgraded shares of Lazard from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Lazard from $57.00 to $52.00 and set a “market perform” rating on the stock in a report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.