Lazard (LAZ) Earns Daily Media Impact Score of 0.32
News coverage about Lazard (NYSE:LAZ) has trended positive recently, according to Accern. The research group ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Lazard earned a daily sentiment score of 0.32 on Accern’s scale. Accern also gave media headlines about the asset manager an impact score of 46.9268293432984 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Chelsea’s Alvaro Morata: Critics are killing me after just 15 minutes (vothemes.com)
- Norwegian Cruise Line Holdings Ltd. (NCLH) Downgraded by BidaskClub (fishinghd.com)
- Lazard Asset Management LLC Buys A Lot More Genesee & Wyoming Inc (expressnewsline.com)
- Lazard Ltd (LAZ) Shares Needle Moving -0.48% – Sparta Review (spartareview.com)
- Lazard LTD. Lazard, LTD. Class (NYSE:LAZ) Experiences Light Trading Volume – Modern Readers (modernreaders.com)
Lazard (LAZ) opened at 43.14 on Friday. The company has a market capitalization of $5.25 billion, a P/E ratio of 12.22 and a beta of 1.84. The company’s 50-day moving average price is $46.29 and its 200-day moving average price is $44.76. Lazard has a 52 week low of $33.48 and a 52 week high of $48.86.
Lazard (NYSE:LAZ) last announced its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.98 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.18. The firm had revenue of $720.16 million for the quarter, compared to analyst estimates of $627.12 million. Lazard had a return on equity of 39.33% and a net margin of 17.39%. The business’s quarterly revenue was up 32.8% compared to the same quarter last year. During the same period last year, the company earned $0.61 EPS. On average, equities analysts forecast that Lazard will post $3.53 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Monday, August 7th will be given a $0.41 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 3.80%. Lazard’s payout ratio is 46.46%.
LAZ has been the subject of a number of research analyst reports. BidaskClub upgraded Lazard from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. Zacks Investment Research upgraded Lazard from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a report on Wednesday, June 7th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $51.00 price target on shares of Lazard in a report on Tuesday, May 9th. ValuEngine upgraded Lazard from a “buy” rating to a “strong-buy” rating in a report on Friday, July 28th. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $50.00 price target on shares of Lazard in a report on Friday, April 21st. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $46.89.
In other Lazard news, General Counsel Scott D. Hoffman sold 35,000 shares of the stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $45.13, for a total value of $1,579,550.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Matthieu Bucaille sold 90,000 shares of the stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $44.81, for a total value of $4,032,900.00. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by company insiders.
Lazard Company Profile
Lazard Ltd (Lazard) is a financial advisory and asset management company. The Company operates through two segments: Financial Advisory and Asset Management. It serves a range of clients around the world, including corporations, governments, institutions, partnerships and individuals. The Financial Advisory business segment offers corporate, partnership, institutional, government, sovereign and individual clients across the globe a range of financial advisory services regarding mergers and acquisitions (M&A) and other strategic matters, restructurings, capital structure, capital raising and various other financial matters to corporate, partnership, institutional, government, sovereign and individual clients.
Receive News & Ratings for Lazard Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lazard Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.