Seaport Res Ptn Has Negative Forecast for Lazard Q3 Earnings

Lazard, Inc. (NYSE:LAZ) – Seaport Res Ptn lowered their Q3 2025 EPS estimates for Lazard in a report issued on Monday, July 14th. Seaport Res Ptn analyst J. Mitchell now expects 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.

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

Lazard Stock Down 2.4%

NYSE LAZ opened at $51.95 on Tuesday. Lazard has a 1 year low of $31.97 and a 1 year high of $61.14. The stock has a market capitalization of $5.86 billion, a PE ratio of 18.10 and a beta of 1.33. The company has a debt-to-equity ratio of 2.60, a current ratio of 3.24 and a quick ratio of 3.24. The business’s 50-day moving average is $45.86 and its 200 day moving average is $46.11.

Lazard (NYSE:LAZ) last released 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. The firm had revenue of $669.16 million for the quarter, compared to analysts’ expectations of $698.39 million. Lazard had a net margin of 10.15% and a return on equity of 37.64%. The company’s revenue for the quarter was down 15.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.66 earnings per share.

Institutional Trading of Lazard

A number of hedge funds have recently modified their holdings of LAZ. Price T Rowe Associates Inc. MD increased its stake in shares of Lazard by 2,324.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,099,179 shares of the asset manager’s stock worth $264,096,000 after acquiring an additional 5,847,608 shares in the last quarter. Amundi grew its holdings in Lazard by 141.6% in the first quarter. Amundi now owns 2,263,046 shares of the asset manager’s stock worth $97,990,000 after purchasing an additional 1,326,370 shares during the period. Norges Bank bought a new position in shares of Lazard during the fourth quarter valued at approximately $59,962,000. Ameriprise Financial Inc. lifted its holdings in shares of Lazard by 98.7% during the fourth quarter. Ameriprise Financial Inc. now owns 1,284,711 shares of the asset manager’s stock valued at $66,137,000 after purchasing an additional 638,169 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Lazard by 335.1% during the fourth quarter. First Trust Advisors LP now owns 734,962 shares of the asset manager’s stock valued at $37,836,000 after purchasing an additional 566,051 shares during the last quarter. Institutional investors own 54.80% of the company’s stock.

Lazard Announces Dividend

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

About Lazard

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.