Cohen & Steers (CNS) Expected to Announce Quarterly Earnings on Wednesday

Cohen & Steers (NYSE:CNS) is expected to release its earnings data after the market closes on Wednesday, April 16th. Analysts expect Cohen & Steers to post earnings of $0.74 per share and revenue of $130.64 million for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Cohen & Steers (NYSE:CNS) last released its quarterly earnings results on Wednesday, January 22nd. The asset manager reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.02). Cohen & Steers had a net margin of 29.24% and a return on equity of 33.13%.

Cohen & Steers Trading Up 1.3 %

Shares of NYSE:CNS opened at $74.55 on Tuesday. Cohen & Steers has a 1-year low of $64.13 and a 1-year high of $110.67. The stock has a market cap of $3.80 billion, a PE ratio of 25.10 and a beta of 1.46. The stock’s fifty day simple moving average is $81.40 and its two-hundred day simple moving average is $90.91.

Cohen & Steers Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Monday, March 3rd were given a dividend of $0.62 per share. This is a positive change from Cohen & Steers’s previous quarterly dividend of $0.59. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date was Monday, March 3rd. Cohen & Steers’s dividend payout ratio (DPR) is presently 83.50%.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI decreased their price objective on shares of Cohen & Steers from $94.00 to $78.00 and set an “outperform” rating for the company in a research note on Friday.

About Cohen & Steers

Cohen & Steers, Inc is a holding company, which operates as an investment manager specializing in liquid real assets, which include real estate securities, listed infrastructure, commodities, natural resource equities, preferred securities, and other income solutions. It manages investment vehicles, such as institutional accounts, open-end funds and closed-end funds.