Lazard Ltd. (LAZ) Declares Quarterly Dividend of $0.30
Lazard (NYSE:LAZ) declared a quarterly dividend on Wednesday, April 30th, Stock Ratings News reports. Shareholders of record on Monday, May 12th will be given a dividend of 0.30 per share on Friday, May 23rd. This represents a $1.20 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Thursday, May 8th.
LAZ has been the subject of a number of recent research reports. Analysts at Goldman Sachs raised their price target on shares of Lazard from $57.00 to $60.00 in a research note on Monday, May 12th. On a related note, analysts at Keefe, Bruyette & Woods raised their price target on shares of Lazard from $49.00 to $54.00 in a research note on Friday, May 2nd. Finally, analysts at Citigroup Inc. raised their price target on shares of Lazard from $46.00 to $50.00 in a research note on Tuesday, April 8th. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $51.40.
Shares of Lazard (NYSE:LAZ) traded up 2.35% during mid-day trading on Monday, hitting $50.17. The stock had a trading volume of 929,110 shares. Lazard has a one year low of $30.63 and a one year high of $50.61. The stock has a 50-day moving average of $47.68 and a 200-day moving average of $44.80. The company has a market cap of $6.162 billion and a P/E ratio of 28.94.
Lazard (NYSE:LAZ) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.61 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.54 by $0.07. The company had revenue of $540.00 million for the quarter, compared to the consensus estimate of $514.80 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up 30.4% on a year-over-year basis. Analysts expect that Lazard will post $2.74 EPS for the current fiscal year.
Lazard Ltd (NYSE:LAZ) is holding company.
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