Lazard Ltd Plans Quarterly Dividend of $0.30 (LAZ)
Lazard (NYSE:LAZ) announced a quarterly dividend on Wednesday, July 23rd, Analyst Ratings News reports. Stockholders of record on Monday, August 4th will be paid a dividend of 0.30 per share on Friday, August 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.36%.
A number of research firms have recently commented on LAZ. Analysts at JMP Securities raised their price target on shares of Lazard from $54.00 to $56.00 in a research note on Friday, July 11th. They now have a “market outperform” rating on the stock. On the ratings front, analysts at Zacks upgraded shares of Lazard from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 9th. They now have a $56.00 price target on the stock. Finally, analysts at Raymond James downgraded shares of Lazard from a “strong-buy” rating to an “outperform” rating in a research note on Thursday, July 3rd. They now have a $58.00 price target on the stock. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Lazard has a consensus rating of “Buy” and an average target price of $50.92.
Lazard (NYSE:LAZ) traded down 0.70% on Wednesday, hitting $50.88. 550,586 shares of the company’s stock traded hands. Lazard has a 1-year low of $33.62 and a 1-year high of $53.18. The stock has a 50-day moving average of $51.34 and a 200-day moving average of $47.64. The company has a market cap of $6.249 billion and a price-to-earnings ratio of 30.25.
Lazard (NYSE:LAZ) last posted its quarterly earnings results 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. Analysts expect that Lazard will post $2.79 EPS for the current fiscal year.
Lazard Ltd (NYSE:LAZ) is a holding company.
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