Zacks Research Estimates Lazard’s FY2025 Earnings (NYSE:LAZ)

Lazard, Inc. (NYSE:LAZ) – Investment analysts at Zacks Research raised their FY2025 earnings per share estimates for shares of Lazard in a research note issued on Thursday, August 14th. Zacks Research analyst Team now anticipates that the asset manager will post earnings of $2.44 per share for the year, up from their prior estimate of $2.31. The consensus estimate for Lazard’s current full-year earnings is $4.24 per share. Zacks Research also issued estimates for Lazard’s Q1 2026 earnings at $0.82 EPS, Q2 2026 earnings at $0.77 EPS, Q3 2026 earnings at $0.99 EPS, Q4 2026 earnings at $1.00 EPS, FY2026 earnings at $3.57 EPS and FY2027 earnings at $5.02 EPS.

LAZ has been the subject of a number of other research reports. Wells Fargo & Company boosted their target price on Lazard from $38.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, July 11th. Morgan Stanley boosted their target price on Lazard from $33.00 to $45.00 and gave the stock an “underweight” rating in a report on Monday, June 23rd. Citigroup reiterated an “outperform” rating on shares of Lazard in a report on Monday, July 14th. Keefe, Bruyette & Woods boosted their price target on Lazard from $57.00 to $60.00 and gave the stock a “market perform” rating in a research report on Friday, July 25th. Finally, The Goldman Sachs Group boosted their price target on Lazard from $35.00 to $40.00 and gave the stock a “sell” rating in a research report on Thursday, May 15th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Lazard presently has a consensus rating of “Hold” and a consensus price target of $51.50.

Lazard Stock Down 2.4%

Shares of NYSE:LAZ opened at $54.01 on Monday. The company has a debt-to-equity ratio of 2.15, a quick ratio of 2.53 and a current ratio of 2.53. Lazard has a 1 year low of $31.97 and a 1 year high of $61.14. The stock has a market capitalization of $6.09 billion, a P/E ratio of 18.62 and a beta of 1.35. The stock has a 50-day simple moving average of $50.01 and a 200-day simple moving average of $46.42.

Lazard (NYSE:LAZ) last issued its earnings results on Thursday, July 24th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.14. Lazard had a return on equity of 34.33% and a net margin of 9.96%. The business had revenue of $796.00 million during the quarter, compared to analysts’ expectations of $674.13 million. During the same quarter in the previous year, the business earned $0.52 EPS. The company’s revenue for the quarter was up 16.2% on a year-over-year basis.

Lazard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Monday, August 4th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, August 4th. This represents a $2.00 annualized dividend and a yield of 3.7%. Lazard’s payout ratio is 68.97%.

Hedge Funds Weigh In On Lazard

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC raised its position in shares of Lazard by 30.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,943 shares of the asset manager’s stock valued at $93,000 after purchasing an additional 451 shares in the last quarter. Captrust Financial Advisors acquired a new position in shares of Lazard in the 2nd quarter valued at approximately $497,000. Teza Capital Management LLC raised its position in shares of Lazard by 2.4% in the 2nd quarter. Teza Capital Management LLC now owns 8,059 shares of the asset manager’s stock valued at $387,000 after purchasing an additional 187 shares in the last quarter. Brevan Howard Capital Management LP acquired a new position in shares of Lazard in the 2nd quarter valued at approximately $1,470,000. Finally, Balyasny Asset Management L.P. acquired a new position in shares of Lazard in the 2nd quarter valued at approximately $34,305,000. 54.80% of the stock is owned by institutional investors and hedge funds.

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.