Lazard (LAZ) to Release Earnings on Thursday

Lazard (NYSE:LAZ) is anticipated to issue its quarterly earnings data before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $0.69 per share and revenue of $793.53 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Lazard (NYSE:LAZ) last posted its quarterly earnings data on Thursday, October 31st. The asset manager reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.03). Lazard had a return on equity of 42.20% and a net margin of 8.28%. The business had revenue of $646.00 million during the quarter, compared to analyst estimates of $644.22 million. During the same period in the prior year, the firm posted $0.10 EPS. Lazard’s revenue for the quarter was up 21.4% compared to the same quarter last year. 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 1.6 %

Shares of NYSE LAZ opened at $53.51 on Wednesday. Lazard has a 1-year low of $35.56 and a 1-year high of $61.14. 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 company has a 50-day moving average of $52.98 and a two-hundred day moving average of $50.76. The company has a market cap of $6.03 billion, a PE ratio of 21.32 and a beta of 1.40.

Analysts Set New Price Targets

LAZ has been the subject of a number of recent research reports. Wells Fargo & Company dropped their target price on Lazard from $59.00 to $51.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. The Goldman Sachs Group cut their price objective on shares of Lazard from $51.00 to $44.00 and set a “sell” rating on the stock in a report on Wednesday, January 15th. Keefe, Bruyette & Woods lowered their target price on shares of Lazard from $57.00 to $52.00 and set a “market perform” rating for the company in a report on Monday, January 13th. StockNews.com downgraded Lazard from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. Finally, UBS Group lifted their price objective on Lazard from $49.00 to $52.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently 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.