Lazard (NYSE:LAZ – Get Free Report) announced its quarterly earnings results on Thursday. The asset manager reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.09, Zacks reports. Lazard had a net margin of 8.28% and a return on equity of 42.20%.
Lazard Stock Performance
Shares of LAZ opened at $55.09 on Friday. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 2.72. The stock has a market cap of $6.21 billion, a P/E ratio of 21.95 and a beta of 1.40. The business’s 50 day moving average price is $52.93 and its 200-day moving average price is $50.77. Lazard has a 52 week low of $35.56 and a 52 week high of $61.14.
Lazard Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Monday, February 10th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date is Monday, February 10th. Lazard’s dividend payout ratio (DPR) is presently 79.68%.
Analyst Upgrades and Downgrades
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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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