Seaport Res Ptn Has Pessimistic View of Lazard Q3 Earnings

Lazard, Inc. (NYSE:LAZ) – Equities researchers at Seaport Res Ptn decreased their Q3 2025 earnings per share estimates for shares of Lazard in a report released on Monday, July 14th. Seaport Res Ptn analyst J. Mitchell now forecasts that the asset manager will post earnings of $0.42 per share for the quarter, down from their previous forecast of $0.49. The consensus estimate for Lazard’s current full-year earnings is $4.24 per share. Seaport Res Ptn also issued estimates for Lazard’s Q1 2026 earnings at $0.72 EPS, Q3 2026 earnings at $0.88 EPS, Q4 2026 earnings at $1.63 EPS and FY2027 earnings at $4.80 EPS.

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

Several other equities analysts have also recently issued reports on LAZ. Morgan Stanley upped their price objective on Lazard from $33.00 to $45.00 and gave the company an “underweight” rating in a research report on Monday, June 23rd. Wall Street Zen downgraded Lazard from a “buy” rating to a “hold” rating in a report on Thursday, April 10th. Wells Fargo & Company increased their price objective on Lazard from $38.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, July 11th. JMP Securities boosted their target price on Lazard from $55.00 to $60.00 and gave the stock a “market outperform” rating in a research report on Monday. Finally, The Goldman Sachs Group upped their target price on shares of Lazard from $35.00 to $40.00 and gave the company a “sell” rating in a research note on Thursday, May 15th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $51.00.

Lazard Trading Down 2.4%

NYSE:LAZ opened at $51.95 on Tuesday. The stock has a market cap of $5.86 billion, a price-to-earnings ratio of 18.10 and a beta of 1.33. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 2.60. The company’s 50 day moving average price is $45.86 and its 200-day moving average price is $46.11. Lazard has a 52 week low of $31.97 and a 52 week high of $61.14.

Lazard Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Monday, May 5th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date was Monday, May 5th. Lazard’s dividend payout ratio (DPR) is presently 69.69%.

Hedge Funds Weigh In On Lazard

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. bought a new position in Lazard in the fourth quarter worth approximately $2,285,000. AlphaQuest LLC boosted its position in shares of 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 purchasing an additional 525 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Lazard by 17.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,454 shares of the asset manager’s stock worth $1,156,000 after purchasing an additional 3,296 shares in the last quarter. Great Lakes Advisors LLC bought a new stake in shares of Lazard during the 4th quarter valued at $326,000. Finally, Swiss National Bank lifted its position in shares of Lazard by 0.7% in the fourth quarter. Swiss National Bank now owns 177,300 shares of the asset manager’s stock valued at $9,127,000 after acquiring an additional 1,200 shares in the last quarter. Hedge funds and other institutional investors own 54.80% of the company’s stock.

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.