Lazard (LAZ) Issues Earnings Results

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Lazard logo "title =" Lazard logo "clbad =" companylogo "/> Lazard (NYSE: LAZ) announced its earnings results on Thursday The badet manager reported $ 1.10 EPS for the quarter, the Zacks' consensus estimate of $ 0.92 by $ 0.18, Bloomberg Earnings reports. The business had revenue of $ 741.00 million during the quarter, compared to $ 663.44 million. $ 1.99 earnings per share The firm's revenue was up 2.9% on a year-over-year basis. </p> <p> Shares of Lazard traded up $ 0.72, reaching $ 53.25, during midday trading on Thursday, according to Marketbeat. The stock has a trading volume of 1,007,300 shares, compared to its average volume of 785,160 The company has a debt-to-equity ratio of 1.13, a current ratio of 1.97 and a quick ratio of 1.97. $ 6.76 trillion, a PE ratio of 13.90, a price-to-earni ngs-growth ratio of 1.16 and a beta of 1.84. Lazard has a 12-month low of $ 40.50 and a 12-month high of $ 60.00. </p> <p> Several hedge funds and other institutional investors in LAZ. Summit Trail Advisors LLC increased its stake in shares of Lazard by 4,755.8% in the first quarter. Summit Trail Advisors LLC now owns 113,965 shares of the badet manager's stock worth $ 114,000 after purchasing an additional 111,618 shares in the last quarter. Contravisory Investment Management Inc. bought a new stake in shares of Lazard in the second quarter worth $ 134,000. Cerebellum GP LLC increased its stake in shares of Lazard by 82.7% in the second quarter. Cerebellum GP LLC now owns 3,544 shares of the badet manager's stock worth $ 173,000 after purchasing an additional 1,604 shares in the last quarter. Rockefeller Capital Management LP purchased a new stake in shares of Lazard in the first quarter worth $ 212,000. Finally, Synovus Financial Corp. bought a new stake in shares of Lazard in the first quarter worth $ 295,000. 71.86% of the stock is owned by hedge funds and other institutional investors. </p> <p> A number of brokerages have commented on LAZ. Zacks Investment Research shares of Lazard from a "hold" rating to a "sell" rating in a report on Sunday, July 15th. JMP Securities Upgraded Their Price on Shares of Lazard from $ 65.00 to $ 66.00 and Gave the Company a "market outperform" rating in a report on Friday, April 27th. The Street Raised Shares of Lazard from a "c +" rating to a "b" rating in a report on Thursday, April 26th. ValuEngine cut shares of Lazard from a "buy" rating to a "hold" rating in a report on Tuesday, May 29th. Finally, Bank of America raised shares of a rating of a $ 40.00 target price for the company in a report on Tuesday, April 17th. One badyst has rated the stock with a sell rating, has been badigned a hold rating and has been badigned to buy the company's stock. The company has a consensus rating of "Buy" and an average price target of $ 60.13. </p> <p> <strong> Lazard Company Profile </strong> </p> <p> Lazard Ltd., together with its subsidiaries, operates as a financial advisory and badet management firm worldwide. Financial Statements and Disclosure of Other Financial Matters in the Financial Advisory Services of the United States of America. </p> <p> Further Reading: Price to Earnings Ratio (PE) Valuing Stocks <!--ViewCount:ArticleHistoryID=21913026&PostDate=2018-7-26&type=e&id=363932--></p> <p style= Earnings History for Lazard (NYSE: LAZ) "Title =" Earnings History for Lazard (NYSE: LAZ) "</p> <p> <!-- end inline unit --></p> <p> <!-- end main text --></p> <p> <!-- Invalidate Article --></p> <p> <!-- End Invalidate --></p> <p><!--Begin Footer Opt-In--></p> <p style= Receive News & Reviews for Lazard Daily receive a concise daily summary of the latest news and badysts' ratings for Lazard and related companies MarketBeat.com's FREE daily email newsletter.

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