Lazard Ltd. (LAZ) Set to Announce Quarterly Earnings on Thursday

Lazard Ltd. (NYSE:LAZ) will be issuing its quarterly earnings data before the market opens on Thursday, October 26th. Analysts expect the company to announce earnings of $0.70 per share for the quarter.

Lazard (NYSE:LAZ) last released its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.18. Lazard had a return on equity of 39.33% and a net margin of 17.39%. The firm had revenue of $720.16 million for the quarter, compared to the consensus estimate of $627.12 million. During the same quarter in the prior year, the company posted $0.61 earnings per share. The firm’s revenue was up 32.8% on a year-over-year basis. On average, analysts expect Lazard to post $3.44 EPS for the current fiscal year and $3.63 EPS for the next fiscal year.

Lazard Ltd. (NYSE:LAZ) opened at 45.99 on Thursday. The company has a 50-day moving average price of $43.64 and a 200-day moving average price of $44.67. The firm has a market cap of $5.59 billion, a P/E ratio of 13.03 and a beta of 1.85. Lazard Ltd. has a 12-month low of $35.18 and a 12-month high of $48.86.

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LAZ has been the topic of several recent analyst reports. BidaskClub raised Lazard from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. ValuEngine raised Lazard from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 28th. Finally, Zacks Investment Research lowered Lazard from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $46.43.

About Lazard

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 s

Lazard (NYSE:LAZ) last released its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.18. Lazard had a return on equity of 39.33% and a net margin of 17.39%. The firm had revenue of $720.16 million for the quarter, compared to the consensus estimate of $627.12 million. During the same quarter in the prior year, the company posted $0.61 earnings per share. The firm’s revenue was up 32.8% on a year-over-year basis. On average, analysts expect Lazard to post $3.44 EPS for the current fiscal year and $3.63 EPS for the next fiscal year.

Lazard Ltd. (NYSE:LAZ) opened at 45.99 on Thursday. The company has a 50-day moving average price of $43.64 and a 200-day moving average price of $44.67. The firm has a market cap of $5.59 billion, a P/E ratio of 13.03 and a beta of 1.85. Lazard Ltd. has a 12-month low of $35.18 and a 12-month high of $48.86.

TRADEMARK VIOLATION NOTICE: This article was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another site, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The original version of this article can be viewed at https://ledgergazette.com/2017/10/19/lazard-ltd-laz-set-to-announce-quarterly-earnings-on-thursday.html.

LAZ has been the topic of several recent analyst reports. BidaskClub raised Lazard from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. ValuEngine raised Lazard from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 28th. Finally, Zacks Investment Research lowered Lazard from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $46.43.

About Lazard

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.

Earnings History for Lazard (NYSE:LAZ)

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