Lazard (NYSE:LAZ) is scheduled to release its earnings data before the market opens on Thursday, July 25th. Analysts expect Lazard to post earnings of $0.77 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.
Lazard (NYSE:LAZ) last released its earnings results on Thursday, April 25th. The asset manager reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.29. Lazard had a net margin of 16.72% and a return on equity of 48.17%. The firm had revenue of $620.00 million during the quarter, compared to analyst estimates of $598.66 million. During the same quarter in the previous year, the firm earned $1.26 earnings per share. The firm’s revenue for the quarter was down 14.4% compared to the same quarter last year. On average, analysts expect Lazard to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
LAZ stock opened at $36.29 on Wednesday. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 2.28. Lazard has a 1-year low of $31.07 and a 1-year high of $54.64. The company’s fifty day simple moving average is $34.90. The company has a market capitalization of $4.72 billion, a price-to-earnings ratio of 8.72, a price-to-earnings-growth ratio of 7.26 and a beta of 1.67.
Several research firms have weighed in on LAZ. Zacks Investment Research upgraded shares of Triple-S Management from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Monday, April 29th. Bank of America set a $7.00 price target on shares of Deutsche Bank and gave the stock a “sell” rating in a research report on Thursday, April 11th. Buckingham Research lowered their price target on shares of PJT Partners from $49.00 to $42.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. Finally, UBS Group upgraded shares of China Unicom (Hong Kong) from a “neutral” rating to a “buy” rating in a research report on Monday, June 10th. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $43.50.
Lazard Company Profile
Lazard Ltd, together with its subsidiaries, operates as a financial advisory and asset management firm worldwide. Its Financial Advisory segment offers various financial advisory services regarding mergers and acquisitions and other strategic matters, restructurings, capital structure, capital raising, shareholder advisory, and various other financial matters.
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