Will earnings report, end it’s winning streak? Lazard (NYSE:LAZ)

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Earnings results for Lazard (NYSE:LAZ)

Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJun 2020 , the consensus EPS* forecast has remained the same over the past week at 0.36 and increased over the past month from 0.28 to 0.36(28.57%). Of the 2 analysts making quarterly forecasts, 2raised and none lowered their forecast. For the fiscal year ending Dec 2020 , the consensus EPS* forecast has decreased over the past week from 1.66 to 1.65(0.36) and increased over the past month from 1.63 to 1.66(1.84%). Of the 2 analysts making yearly forecasts, 1raised and 1 lowered their forecast.

Lazard last issued its earnings results on April 30th, 2020. The asset manager reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.62 by $0.04. The business had revenue of $563 million for the quarter, compared to analyst estimates of $585.73 million. Its revenue was down 9.2% on a year-over-year basis. Lazard has generated $3.28 earnings per share over the last year and currently has a price-to-earnings ratio of 13.1. Lazard has confirmed that its next quarterly earnings report will be published on Friday, July 31st, 2020. Lazard will be holding an earnings conference call on Friday, July 31st at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Analyst Opinion on Lazard (NYSE:LAZ)

9 Wall Street analysts have issued ratings and price targets for Lazard in the last 12 months. Their average twelve-month price target is $34.63, suggesting that the stock has a possible upside of 20.86%. The high price target for LAZ is $48.00 and the low price target for LAZ is $24.00. There are currently 3 sell ratings, 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of “Hold.”

Lazard has received a consensus rating of Hold. The company’s average rating score is 1.89, and is based on 2 buy ratings, 4 hold ratings, and 3 sell ratings. According to analysts’ consensus price target of $34.63, Lazard has a potential upside of 20.9% from its current price of $28.65. Lazard has only been the subject of 4 research reports in the past 90 days.

Dividend Strength: Lazard (NYSE:LAZ)

Lazard is a leading dividend payer. It pays a dividend yield of 6.68%, putting its dividend yield in the top 25% of dividend-paying stocks. Lazard has been increasing its dividend for 9 years. The dividend payout ratio of Lazard is 57.32%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Lazard will have a dividend payout ratio of 56.46% next year. This indicates that Lazard will be able to sustain or increase its dividend.

Insiders buying/selling: Lazard (NYSE:LAZ)

In the past three months, Lazard insiders have not sold or bought any company stock. Only 3.60% of the stock of Lazard is held by insiders. 74.89% of the stock of Lazard is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Lazard (NYSE:LAZ

Earnings for Lazard are expected to grow by 101.82% in the coming year, from $1.65 to $3.33 per share. The P/E ratio of Lazard is 13.14, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.93. The P/E ratio of Lazard is 13.14, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.93. Lazard has a P/B Ratio of 4.41. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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