LAZ - Lazard Ltd

NYSE - NYSE Delayed Price. Currency in USD
26.86
-0.77 (-2.79%)
At close: 4:00PM EDT
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Engulfing Line (Bearish)

Engulfing Line (Bearish)

Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close27.63
Open27.50
Bid26.85 x 800
Ask26.87 x 1000
Day's Range26.56 - 27.64
52 Week Range20.94 - 44.95
Volume484,644
Avg. Volume850,773
Market Cap2.808B
Beta (5Y Monthly)1.79
PE Ratio (TTM)12.26
EPS (TTM)2.19
Earnings DateJul 23, 2020 - Jul 27, 2020
Forward Dividend & Yield1.88 (6.80%)
Ex-Dividend DateMay 08, 2020
1y Target Est29.14
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Near Fair Value
4% Est. Return
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  • 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.

  • Rising Net Outflows, Concentration Risk Hurt Lazard (LAZ)
    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.

  • Lazard's (LAZ) April AUM Improves on Favorable Market Gains
    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.

  • Lazard Reports April 2020 Assets Under Management
    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.

  • Lazard (LAZ) Q1 Earnings Miss on Lower Revenues, Costs Down
    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

  • LAZARD (LAZ) Q1 2020 Earnings Call Transcript
    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.

  • Lazard Ltd Reports First-quarter 2020 Results
    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.

  • Lazard Declares Quarterly Dividend of $0.47 Per Share
    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.

  • George Bilicic Rejoins Lazard as a Vice Chairman, Investment Banking and as Global Head of Power, Energy & Infrastructure
    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.

  • Is There Now An Opportunity In Lazard Ltd (NYSE:LAZ)?
    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...

  • Lazard to Announce First-quarter 2020 Results
    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.

  • Analysts Estimate Lazard Ltd (LAZ) to Report a Decline in Earnings: What to Look Out for
    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.

  • Christopher Mallon Joins Lazard Financial Advisory as a Senior Adviser
    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.

  • Lazard boosts restructuring team as coronavirus-hit firms run into trouble
    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.

  • Lazard to Host Virtual Annual General Meeting of Shareholders in 2020
    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.

  • Lazard Reports March 2020 Assets Under Management
    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.

  • Exclusive: Macy's taps Lazard to bolster finances as coronavirus saps sales - sources
    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.