FY2025 Earnings Estimate for Lazard Issued By Zacks Research

Lazard, Inc. (NYSE:LAZ) – Zacks Research lifted their FY2025 earnings per share estimates for Lazard in a note issued to investors on Monday, June 9th. Zacks Research analyst R. Department now anticipates that the asset manager will post earnings per share of $2.31 for the year, up from their prior estimate of $2.30. The consensus estimate for Lazard’s current full-year earnings is $4.24 per share. Zacks Research also issued estimates for Lazard’s Q4 2025 earnings at $0.88 EPS, Q2 2026 earnings at $0.70 EPS, Q3 2026 earnings at $0.89 EPS, Q4 2026 earnings at $0.89 EPS, Q1 2027 earnings at $1.02 EPS and FY2027 earnings at $4.78 EPS.

LAZ has been the topic of several other reports. Morgan Stanley lowered Lazard from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $56.00 to $33.00 in a report on Monday, April 7th. Wells Fargo & Company dropped 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. JMP Securities reiterated a “market outperform” rating and issued a $55.00 price objective on shares of Lazard in a research report on Monday, April 28th. Keefe, Bruyette & Woods increased their target price on Lazard from $44.00 to $46.00 and gave the stock a “market perform” rating in a research note on Monday, May 12th. 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 report on Thursday, May 15th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $44.33.

Lazard Trading Up 2.5%

LAZ opened at $43.80 on Thursday. The firm’s fifty day moving average is $40.72 and its two-hundred day moving average is $47.27. The firm has a market cap of $4.94 billion, a PE ratio of 16.46 and a beta of 1.32. Lazard has a twelve month low of $31.97 and a twelve month high of $61.14. The company has a debt-to-equity ratio of 2.72, a quick ratio of 2.24 and a current ratio of 2.24.

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, topping the consensus estimate of $0.29 by $0.27. The business had revenue of $669.16 million for the quarter, compared to analyst estimates of $698.39 million. Lazard had a net margin of 8.98% and a return on equity of 44.58%. Lazard’s quarterly revenue was down 15.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.66 EPS.

Institutional Investors Weigh In On Lazard

Several institutional investors and hedge funds have recently added to or reduced their stakes in LAZ. Arizona State Retirement System increased its position in shares of Lazard by 0.8% in the fourth quarter. Arizona State Retirement System now owns 26,169 shares of the asset manager’s stock valued at $1,347,000 after acquiring an additional 196 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Lazard by 12.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,259 shares of the asset manager’s stock worth $98,000 after purchasing an additional 251 shares during the last quarter. Treasurer of the State of North Carolina raised its stake in shares of Lazard by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 48,129 shares of the asset manager’s stock worth $2,478,000 after purchasing an additional 300 shares in the last quarter. Great Lakes Retirement Inc. boosted its holdings in shares of Lazard by 1.8% in the 4th quarter. Great Lakes Retirement Inc. now owns 18,981 shares of the asset manager’s stock valued at $977,000 after buying an additional 335 shares during the last quarter. Finally, CWM LLC boosted its holdings in shares of Lazard by 1.8% in the 1st quarter. CWM LLC now owns 19,558 shares of the asset manager’s stock valued at $847,000 after buying an additional 343 shares during the last quarter. 54.80% of the stock is owned by institutional investors.

Insider Transactions at Lazard

In related news, CEO Peter Richard Orszag sold 64,539 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $45.24, for a total transaction of $2,919,744.36. Following the completion of the transaction, the chief executive officer now owns 234,824 shares in the company, valued at approximately $10,623,437.76. This represents a 21.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.26% of the company’s stock.

Lazard Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders 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 4.57%. The ex-dividend date of this dividend was Monday, May 5th. Lazard’s dividend payout ratio (DPR) is currently 69.69%.

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.