As of close of business last night, Lazard Inc.’s stock clocked out at $39.64, down -0.58% from its previous closing price of $39.87. In other words, the price has decreased by -$0.23 from its previous closing price. On the day, 663677 shares were traded. LAZ stock price reached its highest trading level at $40.00 during the session, while it also had its lowest trading level at $39.07.
Ratios:
To gain a deeper understanding of LAZ’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.45 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 25.41. In the meantime, Its Debt-to-Equity ratio is 5.13 whereas as Long-Term Debt/Eq ratio is at 4.94.
On January 03, 2024, Wolfe Research Upgraded its rating to Outperform which previously was Peer Perform but kept the price unchanged to $42.
Goldman Downgraded its Neutral to Sell on September 19, 2023, whereas the target price for the stock was revised from $37 to $32.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 13 ’24 when Russo Evan L sold 75,000 shares for $39.35 per share. The transaction valued at 2,951,250 led to the insider holds 227,448 shares of the business.
Gathy Michael sold 385 shares of LAZ for $14,330 on Feb 14 ’24. The Chief Accounting Officer now owns 0 shares after completing the transaction at $37.22 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LAZ now has a Market Capitalization of 3.47B and an Enterprise Value of 4.45B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.36 while its Price-to-Book (P/B) ratio in mrq is 8.18. Its current Enterprise Value per Revenue stands at 1.74 whereas that against EBITDA is 108.80.
Stock Price History:
Over the past 52 weeks, LAZ has reached a high of $42.24, while it has fallen to a 52-week low of $25.82. The 50-Day Moving Average of the stock is 39.43, while the 200-Day Moving Average is calculated to be 34.38.
Shares Statistics:
It appears that LAZ traded 1.17M shares on average per day over the past three months and 770.42k shares per day over the past ten days. A total of 87.43M shares are outstanding, with a floating share count of 80.61M. Insiders hold about 7.78% of the company’s shares, while institutions hold 67.22% stake in the company. Shares short for LAZ as of Mar 15, 2024 were 2.94M with a Short Ratio of 1.81, compared to 2.23M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.36% and a Short% of Float of 3.49%.
Dividends & Splits
With its trailing 12-month dividend rate of 2.00, LAZ has a forward annual dividend rate of 2.00. Against a Trailing Annual Dividend Yield of 5.02%, it implies a Forward Annual Dividend Yield of 4.83%. The stock’s 5-year Average Dividend Yield is 5.32.
Earnings Estimates
As of right now, 7 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.49 for the current quarter, with a high estimate of $0.82 and a low estimate of $0.21, while EPS last year was -$0.26. The consensus estimate for the next quarter is $0.59, with high estimates of $0.82 and low estimates of $0.35.
Analysts are recommending an EPS of between $3.53 and $2.75 for the fiscal current year, implying an average EPS of $3.04. EPS for the following year is $4.22, with 8 analysts recommending between $4.82 and $3.85.
Revenue Estimates
In the current quarter, 5 analysts expect revenue to total $649.72M. It ranges from a high estimate of $708.63M to a low estimate of $591M. As of the current estimate, Lazard Inc.’s year-ago sales were $527.02M, an estimated increase of 23.30% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $658.83M, an increase of 6.30% less than the figure of $23.30% in the same quarter last year. There is a high estimate of $676.78M for the next quarter, whereas the lowest estimate is $646.4M.
A total of 6 analysts have provided revenue estimates for LAZ’s current fiscal year. The highest revenue estimate was $3.16B, while the lowest revenue estimate was $2.76B, resulting in an average revenue estimate of $2.87B. In the same quarter a year ago, actual revenue was $2.44B, up 17.80% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $3.17B in the next fiscal year. The high estimate is $3.43B and the low estimate is $3.03B. The average revenue growth estimate for next year is up 10.20% from the average revenue estimate for this year.
