Equities analysts expect Cohen & Steers, Inc. (NYSE:CNS) to report earnings of $0.61 per share for the current quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Cohen & Steers’ earnings. Cohen & Steers posted earnings of $0.64 per share during the same quarter last year, which would indicate a negative year over year growth rate of 4.7%. The business is scheduled to report its next earnings report on Wednesday, October 16th.
According to Zacks, analysts expect that Cohen & Steers will report full year earnings of $2.42 per share for the current year, with EPS estimates ranging from $2.40 to $2.43. For the next year, analysts anticipate that the firm will post earnings of $2.68 per share, with EPS estimates ranging from $2.60 to $2.75. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Cohen & Steers.
Cohen & Steers (NYSE:CNS) last released its quarterly earnings results on Wednesday, July 17th. The asset manager reported $0.62 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.01). The firm had revenue of $101.80 million for the quarter, compared to analyst estimates of $102.17 million. Cohen & Steers had a return on equity of 43.94% and a net margin of 30.97%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.59 earnings per share.
CNS has been the subject of several research reports. ValuEngine cut Cohen & Steers from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research raised Cohen & Steers from a “sell” rating to a “hold” rating and set a $57.00 price target for the company in a report on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The company has an average rating of “Hold” and an average target price of $45.00.
In other Cohen & Steers news, CAO Elena Dulik sold 1,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $54.54, for a total transaction of $54,540.00. Following the transaction, the chief accounting officer now owns 18,478 shares in the company, valued at approximately $1,007,790.12. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 50.63% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Cohen & Steers by 6.7% during the 2nd quarter. Vanguard Group Inc. now owns 2,175,795 shares of the asset manager’s stock worth $111,923,000 after acquiring an additional 136,845 shares during the period. BlackRock Inc. increased its stake in Cohen & Steers by 8.3% during the 2nd quarter. BlackRock Inc. now owns 1,719,402 shares of the asset manager’s stock worth $88,443,000 after acquiring an additional 132,456 shares during the period. Clearbridge Investments LLC increased its stake in Cohen & Steers by 0.8% during the 1st quarter. Clearbridge Investments LLC now owns 1,557,462 shares of the asset manager’s stock worth $65,834,000 after acquiring an additional 12,679 shares during the period. Wasatch Advisors Inc. bought a new position in Cohen & Steers during the 2nd quarter worth $62,501,000. Finally, Dimensional Fund Advisors LP increased its stake in Cohen & Steers by 3.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,070,418 shares of the asset manager’s stock worth $36,737,000 after acquiring an additional 37,604 shares during the period. Hedge funds and other institutional investors own 47.17% of the company’s stock.
NYSE:CNS traded up $0.15 during mid-day trading on Friday, hitting $54.31. 93,070 shares of the stock were exchanged, compared to its average volume of 161,883. The stock has a market capitalization of $2.54 billion, a price-to-earnings ratio of 22.63, a price-to-earnings-growth ratio of 3.66 and a beta of 0.92. The firm’s 50-day simple moving average is $53.03 and its 200 day simple moving average is $49.46. Cohen & Steers has a fifty-two week low of $32.95 and a fifty-two week high of $55.50.
The company also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Monday, August 12th were issued a dividend of $0.36 per share. The ex-dividend date was Friday, August 9th. This represents a $1.44 annualized dividend and a yield of 2.65%. Cohen & Steers’s payout ratio is currently 60.00%.
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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