Equities research analysts expect Cohen & Steers, Inc. (NYSE:CNS) to post earnings per share (EPS) of $0.54 for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Cohen & Steers’ earnings. Cohen & Steers posted earnings of $0.62 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 12.9%. The business is expected to report its next quarterly earnings results on Wednesday, April 17th.
On average, analysts expect that Cohen & Steers will report full-year earnings of $2.25 per share for the current fiscal year, with EPS estimates ranging from $2.24 to $2.25. For the next fiscal year, analysts forecast that the firm will post earnings of $2.44 per share, with EPS estimates ranging from $2.32 to $2.55. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Cohen & Steers.
Cohen & Steers (NYSE:CNS) last posted its quarterly earnings results on Wednesday, January 23rd. The asset manager reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.03). The business had revenue of $93.90 million for the quarter, compared to analyst estimates of $93.84 million. Cohen & Steers had a return on equity of 37.49% and a net margin of 29.89%. The business’s revenue was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.55 earnings per share.
CNS has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Cohen & Steers from a “hold” rating to a “sell” rating in a research report on Thursday, January 3rd. ValuEngine upgraded shares of Cohen & Steers from a “sell” rating to a “hold” rating in a report on Wednesday, October 31st. Finally, Keefe, Bruyette & Woods upgraded shares of Cohen & Steers from an “underperform” rating to a “market perform” rating and boosted their target price for the company from $31.00 to $36.00 in a report on Thursday, January 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Cohen & Steers presently has a consensus rating of “Hold” and an average price target of $41.33.
In other Cohen & Steers news, insider John Todd Glickson sold 6,315 shares of the business’s stock in a transaction dated Wednesday, December 19th. The shares were sold at an average price of $34.34, for a total value of $216,857.10. Following the transaction, the insider now directly owns 56,439 shares in the company, valued at approximately $1,938,115.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 51.20% of the company’s stock.
Large investors have recently bought and sold shares of the business. Eagle Asset Management Inc. lifted its holdings in shares of Cohen & Steers by 15.8% in the 4th quarter. Eagle Asset Management Inc. now owns 231,891 shares of the asset manager’s stock worth $7,958,000 after acquiring an additional 31,696 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Cohen & Steers by 1.4% in the 4th quarter. Bank of New York Mellon Corp now owns 850,673 shares of the asset manager’s stock worth $29,196,000 after acquiring an additional 11,842 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Cohen & Steers by 1.4% in the 4th quarter. BlackRock Inc. now owns 1,635,511 shares of the asset manager’s stock worth $56,130,000 after acquiring an additional 22,325 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Cohen & Steers by 17.9% in the 4th quarter. First Trust Advisors LP now owns 7,705 shares of the asset manager’s stock worth $264,000 after acquiring an additional 1,169 shares during the last quarter. Finally, Eaton Vance Management lifted its holdings in shares of Cohen & Steers by 2.3% in the 4th quarter. Eaton Vance Management now owns 491,752 shares of the asset manager’s stock worth $16,877,000 after acquiring an additional 10,838 shares during the last quarter. Institutional investors own 49.10% of the company’s stock.
CNS traded up $0.59 on Monday, reaching $38.20. 84,746 shares of the company’s stock were exchanged, compared to its average volume of 143,977. The firm has a market capitalization of $1.76 billion, a PE ratio of 15.92, a PEG ratio of 2.78 and a beta of 1.02. Cohen & Steers has a twelve month low of $32.95 and a twelve month high of $44.41.
Cohen & Steers Company Profile
Cohen & Steers, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to institutional investors, including pension funds, endowments, and foundations. It manages separate client-focused equity, fixed income, multi-asset, and commodity portfolios through its subsidiaries.
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