Lazard (LAZ) Set to Announce Earnings on Thursday

Lazard (NYSE:LAZ) will release its Q3 2019 earnings data before the market opens on Thursday, October 31st. Analysts expect Lazard to post earnings of $0.73 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

NYSE LAZ opened at $38.54 on Tuesday. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 3.11. Lazard has a 1-year low of $31.07 and a 1-year high of $42.75. The company has a 50 day moving average of $36.23 and a 200-day moving average of $35.62. The company has a market cap of $4.01 billion, a price-to-earnings ratio of 9.26 and a beta of 1.71.

In other Lazard news, CAO Scott D. Hoffman sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $34.04, for a total transaction of $1,021,200.00. Following the completion of the transaction, the chief accounting officer now directly owns 24,388 shares in the company, valued at $830,167.52. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.94% of the stock is owned by insiders.

A number of research firms have recently weighed in on LAZ. Buckingham Research dropped their price target on shares of Lazard from $41.00 to $40.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Zacks Investment Research upgraded shares of Lazard from a “sell” rating to a “hold” rating and set a $40.00 price target for the company in a research report on Wednesday, September 11th. Finally, ValuEngine upgraded shares of Lazard from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The company has an average rating of “Hold” and an average target price of $40.00.

About Lazard

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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Earnings History for Lazard (NYSE:LAZ)

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