Equities analysts forecast that Lazard Ltd (NYSE:LAZ) will report earnings per share of $1.01 for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Lazard’s earnings, with the lowest EPS estimate coming in at $0.94 and the highest estimate coming in at $1.08. Lazard posted earnings per share of $0.83 during the same quarter last year, which would suggest a positive year over year growth rate of 21.7%. The company is scheduled to report its next quarterly earnings results on Thursday, April 26th.
According to Zacks, analysts expect that Lazard will report full year earnings of $3.99 per share for the current financial year, with EPS estimates ranging from $3.61 to $4.35. For the next fiscal year, analysts expect that the firm will post earnings of $4.34 per share. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Lazard.
Lazard (NYSE:LAZ) last announced its quarterly earnings results on Thursday, February 1st. The asset manager reported $1.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.20. The business had revenue of $683.00 million for the quarter, compared to analyst estimates of $658.86 million. Lazard had a return on equity of 38.66% and a net margin of 9.40%. The company’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.13 EPS.
Shares of Lazard (LAZ) traded down $0.24 during trading hours on Friday, hitting $53.97. The stock had a trading volume of 928,369 shares, compared to its average volume of 931,224. The stock has a market cap of $7,060.57, a price-to-earnings ratio of 29.47, a price-to-earnings-growth ratio of 1.29 and a beta of 1.84. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.09 and a quick ratio of 2.09. Lazard has a fifty-two week low of $40.50 and a fifty-two week high of $60.00.
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 12th were given a dividend of $0.116 per share. The ex-dividend date was Friday, February 9th. This represents a $0.46 annualized dividend and a dividend yield of 0.86%. Lazard’s dividend payout ratio is currently 89.13%.
Several institutional investors have recently modified their holdings of LAZ. TIAA CREF Investment Management LLC raised its position in shares of Lazard by 150.2% during the 4th quarter. TIAA CREF Investment Management LLC now owns 1,687,586 shares of the asset manager’s stock worth $88,598,000 after purchasing an additional 1,013,087 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Lazard by 71.5% during the 3rd quarter. Principal Financial Group Inc. now owns 971,137 shares of the asset manager’s stock worth $43,915,000 after purchasing an additional 405,016 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Lazard by 111.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 738,623 shares of the asset manager’s stock worth $33,399,000 after purchasing an additional 388,820 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Lazard by 104.8% during the 3rd quarter. Wells Fargo & Company MN now owns 634,524 shares of the asset manager’s stock worth $28,693,000 after purchasing an additional 324,682 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in Lazard by 92.3% in the 4th quarter. First Trust Advisors LP now owns 480,936 shares of the asset manager’s stock valued at $25,249,000 after acquiring an additional 230,839 shares during the last quarter. Hedge funds and other institutional investors own 69.80% of the company’s stock.
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Lazard Company Profile
Lazard Ltd (Lazard) is a financial advisory and asset management company. The Company operates through two segments: Financial Advisory and Asset Management. It serves a range of clients around the world, including corporations, governments, institutions, partnerships and individuals. The Financial Advisory business segment offers corporate, partnership, institutional, government, sovereign and individual clients across the globe a range of financial advisory services regarding mergers and acquisitions (M&A) and other strategic matters, restructurings, capital structure, capital raising and various other financial matters to corporate, partnership, institutional, government, sovereign and individual clients.
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