Lazard Upgraded by TheStreet to Buy (LAZ)
Lazard (NYSE:LAZ) traded up 0.32% on Monday, hitting $49.94. The stock had a trading volume of 417,768 shares. Lazard has a one year low of $30.63 and a one year high of $50.61. The stock’s 50-day moving average is $47.84 and its 200-day moving average is $44.95. The company has a market cap of $6.134 billion and a P/E ratio of 29.39.
Lazard (NYSE:LAZ) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.61 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.28 earnings per share. Lazard’s revenue was up 30.4% compared to the same quarter last year. On average, analysts predict that Lazard will post $2.74 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, May 23rd. Shareholders of record on Monday, May 12th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.40%. The ex-dividend date is Thursday, May 8th.
Lazard Ltd (NYSE:LAZ) is holding company.
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