Lazard Ltd. (NYSE:LAZ) is expected to report third quarter earnings results, before market open, on Thursday 29th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.47 per share.
Looking ahead, the full year income are expected at $ 2.26 per share on the revenues of $ 2178.45 million.
Previous Quarter Performance
Lazard Ltd. unfold income for the second quarter of $ 0.67 per share, from the revenue of $ 542.91 million. The quarterly earnings contracted 8.22 percent while revenues dropped 8.10 percent compared with the same quarter last year.
Street analysts expected Lazard Ltd. to report income of $ 0.41 per share on revenue of $ 502.54 million for the second quarter. The bottom line results beat street analysts by $ 0.26 or 63.41 percent, at the same time, top line results outshined analysts by $ 40.37 million or 8.03 percent.
Stock Performance
Shares of Lazard Ltd. traded low $ -1.26 or -3.62 percent on Wednesday, reaching $ 33.52 with volume of 791.80 thousand shares. Lazard Ltd. has traded high as $ 34.58 and has cracked $ 33.50 on the downward trend
According to the previous trading day, closing price of $ 33.52, representing a 66.09 % increase from the 52 week low of $ 20.94 and a 22.63 % decrease over the 52 week high of $ 44.95.
The company has a market capital of $ 3.52 billion and is part of the Financial Services sector and Capital Markets industry.
Recent Stock Dividend Announcement
On July 29, 2020, the board of directors authorized quarterly dividend of $ 0.47 per share to holders of record as of the close of business on August 10, 2020, with payment date of August 21, 2020 and ex-dividend date on August 7, 2020.
Lazard Ltd, together with its subsidiaries, operates as a financial advisory and asset management firm worldwide. Its Financial Advisory segment offers various financial advisory services regarding mergers and acquisitions and other strategic matters, restructurings, capital structure, capital raising, shareholder advisory, and various other financial matters. This segment serves corporate, partnership, institutional, government, sovereign, and individual clients.