FY2026 Earnings Estimate for Lazard Issued By Zacks Research

Lazard, Inc. (NYSE:LAZFree Report) – Zacks Research boosted their FY2026 earnings per share estimates for shares of Lazard in a note issued to investors on Wednesday, July 2nd. Zacks Research analyst R. Department now anticipates that the asset manager will post earnings of $3.25 per share for the year, up from their prior estimate of $3.24. The consensus estimate for Lazard’s current full-year earnings is $4.24 per share. Zacks Research also issued estimates for Lazard’s FY2027 earnings at $4.79 EPS.

Other equities research analysts have also recently issued reports about the company. Wells Fargo & Company decreased their price target on Lazard from $44.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 8th. Wall Street Zen cut Lazard from a “buy” rating to a “hold” rating in a research report on Thursday, April 10th. JMP Securities reiterated a “market outperform” rating and set a $55.00 price target on shares of Lazard in a research report on Monday, April 28th. The Goldman Sachs Group upped their price target on Lazard from $35.00 to $40.00 and gave the company a “sell” rating in a research report on Thursday, May 15th. Finally, Keefe, Bruyette & Woods upped their price target on Lazard from $44.00 to $46.00 and gave the company a “market perform” rating in a research report on Monday, May 12th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $46.33.

Get Our Latest Research Report on LAZ

Lazard Trading Up 0.7%

Shares of Lazard stock opened at $50.37 on Thursday. The stock’s 50-day simple moving average is $44.23 and its 200 day simple moving average is $46.16. Lazard has a 52-week low of $31.97 and a 52-week high of $61.14. The stock has a market capitalization of $5.68 billion, a P/E ratio of 17.55 and a beta of 1.33. The company has a debt-to-equity ratio of 2.60, a quick ratio of 3.24 and a current ratio of 3.24.

Lazard (NYSE:LAZGet Free Report) last announced its quarterly earnings data on Friday, April 25th. The asset manager reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.27. Lazard had a return on equity of 37.64% and a net margin of 10.15%. The business had revenue of $669.16 million for the quarter, compared to analysts’ expectations of $698.39 million. During the same period in the previous year, the business posted $0.66 EPS. The firm’s quarterly revenue was down 15.3% compared to the same quarter last year.

Lazard Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Monday, May 5th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.97%. The ex-dividend date of this dividend was Monday, May 5th. Lazard’s payout ratio is 69.69%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of LAZ. Lee Danner & Bass Inc. purchased a new stake in Lazard in the fourth quarter worth approximately $31,000. Calton & Associates Inc. purchased a new stake in Lazard in the first quarter worth approximately $28,000. Hopwood Financial Services Inc. purchased a new stake in Lazard in the fourth quarter worth approximately $41,000. NewEdge Advisors LLC boosted its stake in Lazard by 54.3% in the fourth quarter. NewEdge Advisors LLC now owns 977 shares of the asset manager’s stock worth $50,000 after buying an additional 344 shares in the last quarter. Finally, AlphaQuest LLC boosted its stake in Lazard by 85.8% in the fourth quarter. AlphaQuest LLC now owns 1,137 shares of the asset manager’s stock worth $59,000 after buying an additional 525 shares in the last quarter. Hedge funds and other institutional investors own 54.80% of the company’s stock.

About Lazard

(Get Free Report)

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.

See Also

Earnings History and Estimates for Lazard (NYSE:LAZ)

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