Headlines about Lazard (NYSE:LAZ) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Lazard earned a coverage optimism score of 0.23 on Accern’s scale. Accern also gave news articles about the asset manager an impact score of 47.8087949206208 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern’s scoring:
Lazard (NYSE:LAZ) traded down $0.87 during trading on Friday, reaching $47.29. The company’s stock had a trading volume of 472,100 shares, compared to its average volume of 834,248. Lazard has a 12-month low of $37.37 and a 12-month high of $48.86. The firm has a market cap of $6,249.54, a PE ratio of 12.71, a price-to-earnings-growth ratio of 1.60 and a beta of 1.89. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.09 and a current ratio of 2.09.
Lazard (NYSE:LAZ) last released its quarterly earnings results on Thursday, October 26th. The asset manager reported $0.85 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.10. The business had revenue of $624.00 million for the quarter, compared to analyst estimates of $593.19 million. Lazard had a return on equity of 38.81% and a net margin of 17.16%. Lazard’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.85 EPS. sell-side analysts expect that Lazard will post 3.52 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Monday, November 6th will be given a $0.41 dividend. The ex-dividend date is Friday, November 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 3.47%. Lazard’s payout ratio is 46.86%.
Lazard declared that its Board of Directors has approved a share buyback plan on Wednesday, October 25th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the asset manager to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
A number of equities research analysts have recently issued reports on LAZ shares. ValuEngine raised Lazard from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 28th. Zacks Investment Research downgraded Lazard from a “buy” rating to a “hold” rating in a report on Friday, July 28th. BidaskClub upgraded Lazard from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 31st. Buckingham Research boosted their target price on Lazard from $53.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Finally, Nomura upped their price target on Lazard from $43.00 to $46.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Lazard has an average rating of “Buy” and a consensus target price of $48.56.
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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.
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