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Tuesday, June 6, 2023

Taking On Challenges And Growing? – Lazard Ltd (LAZ)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Lazard Ltd (LAZ) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.05, or 0.17%, to $28.93. The Lazard Ltd has recorded 2,876 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Lazard Ltd Reports First-Quarter 2023 Results.

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Stocks Info

This NYSE-listed company operates within the Capital Markets industry segment, falling under the Financial sector. At the end of the last regular session, the stock closed at $28.88 and fluctuated between $29.77 as its day high and $28.53 as its day low. The current market capitalization of Lazard Ltd is $3.31B. A total of 0.89 million shares were traded on the day, compared to an average of 743.51K shares.

Insider trades can also provide insight into a stock’s future direction. During the recent three months, LAZ has seen 12 BUY and 8 SELL insider trades, representing the acquisition of 689,734 and the disposition of 326,782 shares. Over the last 12 months, there were 19 BUYs and 16 SELLs from insiders. Insiders purchased 694,397 shares during that period but sold 594,643.

In the most recent transaction, Stern Alexander F. sold 49,000 shares of LAZ for 36.39 per share on Nov 29. After the transaction, the President now owns 50,258 company shares. In a previous transaction on May 31, Stern Alexander F. sold 70,000 shares at 35.29 per share. LAZ shares that President owns now total 209,258.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Lazard Ltd pays an annual dividend of $2.00, resulting in a dividend yield of 6.93%, and it has a price to earnings (P/E) ratio of 13.38. LAZ’s most recent ex-dividend date was 5/5/2023 when it declared a $0.50 quarterly dividend that was paid in cash on 5/19/2023. Previously, the company paid the dividend on 2/24/2023 with an ex-dividend date of 2/10/2023. The LAZ stock dividend was $0.50 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for LAZ in the last 3 months, the mean price target is $36.57 with high estimates of $53.00 and low estimates of $28.00. In terms of 52-week highs and lows, LAZ has a high of $43.44 and a low of $28.50.

As of this writing, LAZ has an earnings estimate of $0.21 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.41 per share and a lower estimate of $0.05. The company reported an EPS of $0.69 in the last quarter, which was -14.80% lower than expectations of $0.81.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. LAZ’s latest balance sheet shows that the firm has $2.81B in Cash & Short Term Investments as of fiscal 2021. There were $2.24B in debt and $1.44B in liabilities at the time. Its Book Value Per Share was $5.15, while its Total Shareholder’s Equity was $1.65B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for LAZ is Buy with a score of 3.60.

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