Lazard (LAZ) Expected to Announce Earnings on Thursday

Key Points

• Lazard is expected to report Q3 2026 earnings before the market opens on October 22. Analysts forecast earnings of $0.4194 per share and revenue of $844.23 million.
• The company’s most recent quarter showed a significant EPS miss, with $0.12 reported versus the $0.34 consensus estimate, although revenue exceeded expectations at $786.47 million.
• Lazard pays a quarterly dividend of $0.50 per share, representing a 5.8% yield, while analysts maintain a consensus “Hold” rating with a $46.25 price target.

Lazard (NYSE:LAZ - Get Free Report) will likely be posting its Q3 2026 results before the market opens on Thursday, October 22nd. Analysts expect Lazard to post earnings of $0.4194 per share and revenue of $844.23 million for the quarter. Individuals can find conference call details on the company's upcoming Q3 2026 earnings report for the latest details on the call scheduled for Thursday, October 22, 2026 at 8:00 AM ET.

Lazard (NYSE:LAZ - Get Free Report) last released its earnings results on Friday, July 24th. The asset manager reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.22). The firm had revenue of $786.47 million for the quarter, compared to the consensus estimate of $736.29 million. Lazard had a return on equity of 23.58% and a net margin of 6.95%. The company's quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.52 EPS. On average, analysts expect Lazard to post $2.01 EPS for the current fiscal year and $3.77 EPS for the next fiscal year.

Lazard Price Performance

Shares of LAZ opened at $34.65 on Thursday. Lazard has a 52 week low of $34.13 and a 52 week high of $58.75. The company has a current ratio of 2.84, a quick ratio of 2.84 and a debt-to-equity ratio of 1.87. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of 19.22, a PEG ratio of 1.17 and a beta of 1.47. The stock has a 50 day moving average of $40.32 and a 200-day moving average of $43.16.

Lazard Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend was Monday, August 3rd. Lazard's dividend payout ratio is currently 98.04%.

Insider Activity at Lazard

In related news, CEO Peter Orszag sold 125,000 shares of the stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $43.52, for a total value of $5,440,000.00. Following the sale, the chief executive officer owned 260,942 shares of the company's stock, valued at $11,356,195.84. This trade represents a 32.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.95% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on LAZ. Keefe, Bruyette & Woods decreased their price objective on shares of Lazard from $44.00 to $42.00 and set a "market perform" rating for the company in a report on Friday, July 24th. The Goldman Sachs Group lowered their target price on shares of Lazard from $36.00 to $32.00 and set a "sell" rating for the company in a research note on Tuesday. Citigroup reissued a "market outperform" rating on shares of Lazard in a report on Friday, July 24th. Morgan Stanley reduced their price target on shares of Lazard from $44.00 to $41.00 and set an "underweight" rating on the stock in a research report on Thursday, October 8th. Finally, Capital One Financial set a $38.00 price target on shares of Lazard in a research report on Tuesday, October 6th. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $46.25.

About Lazard

Lazard Ltd. NYSE: LAZ is a global financial advisory and asset management firm. The company provides advice to corporations, financial institutions, governments and other public-sector entities on strategic matters, including mergers and acquisitions, capital structure, restructuring, shareholder relations and other corporate finance transactions.

Through its asset management business, Lazard manages investment strategies for institutions, financial intermediaries and private clients across equities, fixed income, alternatives and other asset classes.

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