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Last $47.54 USD
Change Today +1.27 / 2.74%
Volume 1.2M
LAZ On Other Exchanges
Symbol
Exchange
LAZ is not on other exchanges.
As of 8:04 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

lazard ltd-cl a (LAZ) Key Developments

Lazard Ltd. Appoints Eric Medow as Managing Director and Co-Head of Global Technology, Media and Telecommunications, Financial Advisory

Lazard Ltd. announced that Eric Medow will join the firm as a Managing Director and Co-Head of Global Technology, Media and Telecommunications, Financial Advisory, effective mid-October. Based in New York, Mr. Medow will co-head Global TMT with Paul Haigney in San Francisco, and will work closely with Vincent le Stradic in Paris regarding TMT in Europe, the Middle East and Africa. He will join Lazard from Citigroup, where he served as Head of the Global Telecommunications Group since 2011 and as Co-Head of the North American Communications Group since 2005.

Lazard Provides Tax Rate Guidance for 2015 and 2016

Lazard provided tax rate guidance for 2015 and 2016. The company now expects full year of 2015 adjusted tax rate to be in the mid-teens. As it said in the past, adjusted tax rate is likely to increase in the year following the release of the valuation allowance. In 2016, assuming similar business conditions as in 2015, adjusted tax rate could be in the range of high 20s to low 30s. However, the company expects cash taxes to remain in the high teens.

Lazard Ltd. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Lazard Ltd. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported U. S. GAAP total revenue of $620.589 million against $582.605 million a year ago. U. S. GAAP operating loss was $801.376 million against operating income of $98.980 million a year ago. U. S. GAAP net loss attributable to the company was $374.113 million or $2.82 per diluted share against net income of $85.192 million or $0.64 per diluted share a year ago. Non- GAAP operating revenue was $606.631 million against $571.037 million a year ago. Non-GAAP earnings from operations were $159.610 million against $123.638 million a year ago. Non-GAAP net income was $130.260 million or $0.98 per diluted share against net income of $85.366 million or $0.64 per diluted share a year ago. For the six months, the company reported U. S. GAAP total revenue of $1,214.474 million against $1,131.958 million a year ago. U. S. GAAP operating loss was $726.713 million against operating income of $206.160 million a year ago. U. S. GAAP net income attributable to the company was $430.066 million or $3.23 per diluted share against net income of $166.034 million or $1.25 per diluted share a year ago. Non- GAAP operating revenue was $1,187.587 million against $1,111.261 million a year ago. Non-GAAP earnings from operations were $310.983 million against $243.070 million a year ago. Non-GAAP net income was $233.294 million or $1.75 per diluted share against net income of $166.641 million or $1.25 per diluted share a year ago.

Lazard Ltd Declares Quarterly Dividend, Payable on August 14, 2015

Lazard Ltd. announced that its Board of Directors has voted to declare a quarterly dividend of $0.35 per share on its outstanding Class A common stock. The dividend is payable on August 14, 2015, to stockholders of record on August 3, 2015.

Lazard Ltd. to Report Q2, 2015 Results on Jul 23, 2015

Lazard Ltd. announced that they will report Q2, 2015 results at 8:00 AM, US Eastern Standard Time on Jul 23, 2015

 

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Industry Analysis

LAZ

Industry Average

Valuation LAZ Industry Range
Price/Earnings 8.9x
Price/Sales 2.5x
Price/Book 7.2x
Price/Cash Flow 8.6x
TEV/Sales 1.7x
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