LAZ - Lazard Ltd
Chart Events
Engulfing Line (Bearish)
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 27.63 |
| Open | 27.50 |
| Bid | 26.85 x 800 |
| Ask | 26.87 x 1000 |
| Day's Range | 26.56 - 27.64 |
| 52 Week Range | 20.94 - 44.95 |
| Volume | 484,644 |
| Avg. Volume | 850,773 |
| Market Cap | 2.808B |
| Beta (5Y Monthly) | 1.79 |
| PE Ratio (TTM) | 12.26 |
| EPS (TTM) | 2.19 |
| Earnings Date | Jul 23, 2020 - Jul 27, 2020 |
| Forward Dividend & Yield | 1.88 (6.80%) |
| Ex-Dividend Date | May 08, 2020 |
| 1y Target Est | 29.14 |
Fair Value
Related Research
- Zacks
Why Is Lazard Ltd (LAZ) Down 2.3% Since Last Earnings Report?
Lazard Ltd (LAZ) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Financial Times
Zambia hires Lazard to advise on $11bn debt burden
Zambian president Edgar Lungu’s government has hired Lazard to advise on restructuring the cash-strapped southern African nation’s $11bn foreign debts that have threatened to become Africa’s first sovereign default during the coronavirus pandemic. The investment bank was hired on a $5m contract to advise on “liability management” of the country’s debt after a tender process, the Zambian ministry of finance said on Wednesday. Lazard, which is also advising Argentina’s government on its current debt restructuring talks with creditors, declined to comment.
- Simply Wall St.
Should Lazard Ltd (NYSE:LAZ) Be Part Of Your Income Portfolio?
Dividend paying stocks like Lazard Ltd (NYSE:LAZ) tend to be popular with investors, and for good reason - some...
- Zacks
Rising Net Outflows, Concentration Risk Hurt Lazard (LAZ)
Rising net outflows hurt Lazard's (LAZ) AUM growth. Also, significant dependence on financial advisory revenues is concerning.
- Reuters
U.S. Bankruptcy Court allows J.C. Penney to keep paying staff and vendors
J.C. Penney Co Inc said on Saturday a U.S. Bankruptcy Court will allow it to keep paying wages and benefits to workers who will remain on the job after the U.S. department store chain filed for Chapter 11 protection from creditors, and also to pay vendors for goods delivered to its stores. J.C. Penney, which filed for Chapter 11 protection on Friday, said it received the "first-day" approvals from the U.S. Bankruptcy Court for the Southern District of Texas that included access to and use of about $500 million in cash collateral. Lazard Ltd is serving as a financial advisor of J.C. Penney, Kirkland & Ellis LLP is serving as legal advisor and AlixPartners LLP is serving as restructuring advisor to the company.
- Business Wire
Lazard Global Total Return and Income Fund Declares Monthly Distribution
The Board of Directors of Lazard Global Total Return and Income Fund, Inc. (the "Fund") (NYSE:LGI) has authorized the Fund to declare today, pursuant to a level distribution policy, a monthly distribution of $0.10646 per share on the Fund’s outstanding common stock. The distribution is payable on June 23, 2020 to shareholders of record on June 12, 2020. The ex-dividend date is June 11, 2020.
- Zacks
Lazard's (LAZ) April AUM Improves on Favorable Market Gains
Lazard's (LAZ) preliminary AUM of $204.6 billion for February 2020 indicates an increase of 6% from the prior month.
- Business Wire
Lazard Reports April 2020 Assets Under Management
Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management ("AUM") as of April 30, 2020 totaled approximately $204.6 billion. The month’s AUM included market appreciation of $13.5 billion, net outflows of $2.6 billion and foreign exchange appreciation of $0.6 billion.
- Zacks
Lazard (LAZ) Q1 Earnings Miss on Lower Revenues, Costs Down
Lazard's (LAZ) Q1 results reflect dismal revenues and lower assets under management (AUM), partly muted by a fall in expenses.
- Thomson Reuters StreetEvents
Edited Transcript of LAZ earnings conference call or presentation 30-Apr-20 12:00pm GMT
Q1 2020 Lazard Ltd Earnings Call
- Motley Fool
LAZARD (LAZ) Q1 2020 Earnings Call Transcript
Before we begin, let me remind you that we may make forward-looking statements about our business and performance. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from those expressed or implied by the forward-looking statements, including, but not limited to, those factors discussed in the company's SEC filings, which you can access on our website. Lazard assumes no responsibility for the accuracy or completeness of these forward-looking statements and assumes no duty to update these forward-looking statements.
- Business Wire
Lazard Ltd Reports First-quarter 2020 Results
Lazard Ltd (NYSE: LAZ) today reported operating revenue1 of $563 million for the quarter ended March 31, 2020. Net income, as adjusted2, was $67 million, or $0.58 per share (diluted) for the quarter.
- Business Wire
Lazard Declares Quarterly Dividend of $0.47 Per Share
Lazard Ltd (NYSE: LAZ) today announced that its Board of Directors has voted to declare a quarterly dividend of $0.47 per share on its outstanding common stock. The dividend is payable on May 22, 2020, to stockholders of record on May 11, 2020.
- Reuters
Offshore driller Valaris to explore bankruptcy with its creditors-sources
Offshore oil driller Valaris PLC is preparing to start talks with creditors to see if they can agree on terms for a possible bankruptcy filing, as it grapples with a $6.5 billion debt burden and an unprecedented plunge in U.S. crude prices, people familiar with the matter said on Tuesday. Reuters reported last month that the London-based company was working with debt restructuring advisers as it struggled to cope with a rig accident and falling energy prices. Valaris, which employs about 5,800 people worldwide, in recent weeks hired corporate restructuring experts at turnaround firm Alvarez & Marsal, the sources said.
- Business Wire
George Bilicic Rejoins Lazard as a Vice Chairman, Investment Banking and as Global Head of Power, Energy & Infrastructure
Lazard Ltd (NYSE:LAZ) announced today that George Bilicic has rejoined the firm as a Vice Chairman, Investment Banking and as Global Head of Power, Energy & Infrastructure, effective immediately. Mr. Bilicic rejoins Lazard from Sempra Energy, where he most recently served as President and Chief Legal Officer.
- Simply Wall St.
Is There Now An Opportunity In Lazard Ltd (NYSE:LAZ)?
Lazard Ltd (NYSE:LAZ), which is in the capital markets business, and is based in Bermuda, saw a significant share...
- Business Wire
Lazard to Announce First-quarter 2020 Results
Lazard Ltd (NYSE: LAZ) will announce its first-quarter 2020 results in a press release to be issued Thursday morning, April 30, 2020.
- Zacks
Analysts Estimate Lazard Ltd (LAZ) to Report a Decline in Earnings: What to Look Out for
Lazard Ltd (LAZ) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Business Wire
Christopher Mallon Joins Lazard Financial Advisory as a Senior Adviser
Lazard Ltd (NYSE: LAZ) announced today that Christopher Mallon will join Lazard Financial Advisory as a Senior Adviser, effective immediately. Christopher has more than 30 years of restructuring advisory experience, serving in senior roles advising a number of companies. Christopher worked most recently as a Senior Restructuring Partner at the global law firm Skadden, Arps, Slate, Meagher & Flom LLP.
- Reuters
Lazard boosts restructuring team as coronavirus-hit firms run into trouble
Lazard Ltd has bolstered its senior restructuring team as it seeks to win business from companies struggling to stay afloat in the midst of the economic turbulence caused by the global coronavirus pandemic. The U.S. investment bank has created a new London-based role for former Skadden Arps Slate Meagher & Flom partner, Chris Mallon, to join as a senior adviser to its global restructuring practice. "Chris will be involved on complex restructuring situations as a key part of our global team," Lazard's co-head of restructuring for Europe, Middle East and Africa (EMEA) David Burlison told Reuters.
- Business Wire
Lazard to Host Virtual Annual General Meeting of Shareholders in 2020
Lazard Ltd (NYSE: LAZ) announced today that in light of the public health impact of the coronavirus/COVID-19 pandemic, our Annual General Meeting of Shareholders will be changed to a virtual-only meeting for the health and safety of our stakeholders and employees. As previously announced, our Annual General Meeting will be held Tuesday, April 28, 2020 at 4:30pm Eastern Daylight Time.
- Reuters
J.C. Penney to hire advisors as it mulls options for debt - Bloomberg News
J.C. Penney Co Inc has approached consulting firm AlixPartners LLP as the U.S. retailer looks at options for managing its debt, Bloomberg News reported on Tuesday, citing people with knowledge of the matter. Brick-and-mortar retailers are struggling to keep up with the shift to online shopping, and the crisis has been exacerbated by the coronavirus outbreak which has forced them to shutter stores and furlough employees. J.C. Penney has been in talks with lenders in recent weeks about its liquidity needs and negotiating a possible debt deal, the report said https://www.bloomberg.com/news/articles/2019-09-19/j-c-penney-said-to-prep-for-debt-talks-ahead-of-holiday-season?sref=ZoyErlU1.
- Business Wire
Lazard Reports March 2020 Assets Under Management
Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management ("AUM") as of March 31, 2020 totaled approximately $193.0 billion. The month’s AUM included market depreciation of $28.6 billion; foreign exchange depreciation of $2.6 billion and net outflows of $2.6 billion.
- Reuters
Exclusive: Macy's taps Lazard to bolster finances as coronavirus saps sales - sources
Macy's Inc <M.N> has hired investment bank Lazard Ltd <LAZ.N> to explore options for bolstering its finances after the department store operator lost most of its revenue as it shut down all its stores as a result of the coronavirus outbreak, people familiar with the matter said. The move by Macy's, the largest U.S. department store operator by sales, is a sign of the severity of the crisis facing brick-and-mortar retailers, which were already struggling with the shift to online shopping. The pandemic has forced store closures and widespread furloughs of employees as state after state issued shelter-in-place orders in efforts to contain the spread of the coronavirus, which causes the COVID-19 respiratory illness.
- Business Wire
Lazard Global Total Return and Income Fund Announces Change of Location for Annual Meeting of Stockholders
Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) today announced that the location of its 2020 Annual Meeting of Stockholders (the "Annual Meeting") has been changed. In light of public health concerns regarding the spread of coronavirus disease 2019 (COVID-19), the Annual Meeting will now be held in a virtual format. Stockholders will not be able to attend the Annual Meeting in person, but will be able to participate remotely as described below. The date and time of the Annual Meeting—Friday, April 24, 2020 at 3:00 p.m., Eastern Time—have not changed.
