What is Seaport Res Ptn's Estimate for Lazard Q3 Earnings?

Lazard, Inc. (NYSE:LAZ - Free Report) - Equities research analysts at Seaport Res Ptn reduced their Q3 2025 earnings estimates for shares of Lazard in a research report issued on Monday, July 14th. Seaport Res Ptn analyst J. Mitchell now anticipates that the asset manager will post earnings of $0.42 per share for the quarter, down from their previous forecast of $0.49. The consensus estimate for Lazard's current full-year earnings is $4.24 per share. Seaport Res Ptn also issued estimates for Lazard's Q1 2026 earnings at $0.72 EPS, Q3 2026 earnings at $0.88 EPS, Q4 2026 earnings at $1.63 EPS and FY2027 earnings at $4.80 EPS.

A number of other equities analysts have also recently issued reports on LAZ. Wall Street Zen cut shares of Lazard from a "buy" rating to a "hold" rating in a research note on Thursday, April 10th. Wells Fargo & Company boosted their price target on shares of Lazard from $38.00 to $50.00 and gave the stock an "equal weight" rating in a research report on Friday, July 11th. JMP Securities set a $60.00 price objective on shares of Lazard and gave the company a "market outperform" rating in a research report on Monday. The Goldman Sachs Group lifted 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. Finally, Morgan Stanley lifted their target price on shares of Lazard from $33.00 to $45.00 and gave the stock an "underweight" rating in a report on Monday, June 23rd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $51.00.

Lazard Price Performance

Lazard stock traded up $0.12 during trading hours on Tuesday, hitting $52.06. 388,792 shares of the stock were exchanged, compared to its average volume of 965,402. Lazard has a 12 month low of $31.97 and a 12 month high of $61.14. The company has a debt-to-equity ratio of 2.60, a quick ratio of 3.24 and a current ratio of 3.24. The business's 50-day moving average is $45.86 and its two-hundred day moving average is $46.11. The stock has a market capitalization of $5.87 billion, a P/E ratio of 18.15 and a beta of 1.33.

Lazard (NYSE:LAZ - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The asset manager reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.27. Lazard had a net margin of 10.15% and a return on equity of 37.64%. The firm had revenue of $669.16 million during the quarter, compared to analyst estimates of $698.39 million. During the same quarter in the prior year, the business posted $0.66 earnings per share. The company's quarterly revenue was down 15.3% compared to the same quarter last year.

Lazard Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Monday, May 5th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $2.00 dividend on an annualized basis and a yield of 3.84%. Lazard's dividend payout ratio (DPR) is presently 69.69%.

Hedge Funds Weigh In On Lazard

Large investors have recently modified their holdings of the business. International Assets Investment Management LLC purchased a new position in Lazard during the first quarter valued at approximately $251,000. KLP Kapitalforvaltning AS purchased a new position in Lazard in the 4th quarter worth approximately $947,000. Cambridge Investment Research Advisors Inc. grew its stake in Lazard by 10.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,089 shares of the asset manager's stock worth $220,000 after buying an additional 461 shares in the last quarter. State of Alaska Department of Revenue grew its stake in Lazard by 5.7% in the 1st quarter. State of Alaska Department of Revenue now owns 166,415 shares of the asset manager's stock worth $7,205,000 after buying an additional 9,000 shares in the last quarter. Finally, Ranger Investment Management L.P. purchased a new position in Lazard in the 4th quarter worth approximately $18,372,000. Hedge funds and other institutional investors own 54.80% of the company's stock.

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.