Seaport Res Ptn Has Negative Forecast for Lazard Q3 Earnings

Key Points

• Seaport Res Ptn has lowered its Q3 2025 earnings estimate for Lazard to $0.39 per share, down from $0.42, while the consensus for the full year is $4.24 per share.
• Lazard's recent quarterly earnings report showed a revenue of $796 million, exceeding estimates, with a net margin of 9.96% and a return on equity of 35.81%.
• The company announced a quarterly dividend of $0.50 per share, with a yield of 3.65%, to be paid on August 15th.

Lazard, Inc. (NYSE:LAZ - Free Report) - Analysts at Seaport Res Ptn cut their Q3 2025 earnings estimates for shares of Lazard in a research report issued on Thursday, July 24th. Seaport Res Ptn analyst J. Mitchell now expects that the asset manager will earn $0.39 per share for the quarter, down from their previous estimate of $0.42. The consensus estimate for Lazard's current full-year earnings is $4.24 per share. Seaport Res Ptn also issued estimates for Lazard's FY2025 earnings at $2.38 EPS, Q2 2026 earnings at $0.74 EPS, Q3 2026 earnings at $0.83 EPS and Q4 2026 earnings at $1.66 EPS.

A number of other brokerages also recently issued reports on LAZ. Wall Street Zen downgraded shares of Lazard from a "buy" rating to a "hold" rating in a report on Thursday, April 10th. The Goldman Sachs Group raised their price target on shares of Lazard from $35.00 to $40.00 and gave the company a "sell" rating in a report on Thursday, May 15th. Morgan Stanley raised their price target on shares of Lazard from $33.00 to $45.00 and gave the company an "underweight" rating in a report on Monday, June 23rd. Wells Fargo & Company raised their price target on shares of Lazard from $38.00 to $50.00 and gave the company an "equal weight" rating in a report on Friday, July 11th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Lazard from $57.00 to $60.00 and gave the company a "market perform" rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $51.50.

Lazard Stock Performance

Shares of NYSE LAZ opened at $54.86 on Monday. The firm's 50-day moving average price is $47.36 and its 200-day moving average price is $46.27. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 2.60. The company has a market cap of $6.19 billion, a PE ratio of 18.92 and a beta of 1.33. Lazard has a 52-week low of $31.97 and a 52-week high of $61.14.

Lazard (NYSE:LAZ - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The asset manager reported $0.52 EPS for the quarter, beating the consensus estimate of $0.38 by $0.14. The company had revenue of $796.00 million for the quarter, compared to the consensus estimate of $674.13 million. Lazard had a net margin of 9.96% and a return on equity of 35.81%. Lazard's revenue for the quarter was up 16.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.52 EPS.

Lazard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Monday, August 4th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend is Monday, August 4th. Lazard's payout ratio is 68.97%.

Institutional Investors Weigh In On Lazard

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in Lazard during the 1st quarter worth approximately $251,000. KLP Kapitalforvaltning AS bought a new stake in Lazard during the 4th quarter worth approximately $947,000. Cambridge Investment Research Advisors Inc. raised its stake in Lazard by 10.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,089 shares of the asset manager's stock worth $220,000 after acquiring an additional 461 shares during the period. Envestnet Asset Management Inc. raised its stake in Lazard by 9.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 287,574 shares of the asset manager's stock worth $12,452,000 after acquiring an additional 25,480 shares during the period. Finally, State of Alaska Department of Revenue raised its stake in Lazard by 5.7% during 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 acquiring an additional 9,000 shares during the period. 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.

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