Cohen & Steers Inc. (CNS) Scheduled to Post Earnings on Wednesday
Cohen & Steers Inc. (NYSE:CNS) will announce its earnings results after the market closes on Wednesday, October 12th. Analysts expect the company to announce earnings of $0.51 per share for the quarter.
Cohen & Steers (NYSE:CNS) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by $0.03. The company earned $86.40 million during the quarter, compared to analysts’ expectations of $86.12 million. Cohen & Steers had a return on equity of 30.80% and a net margin of 20.12%. The company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.45 EPS. On average, analysts expect Cohen & Steers to post $1.88 EPS for the current fiscal year and $2.32 EPS for the next fiscal year.
Cohen & Steers Inc. (NYSE:CNS) opened at 40.69 on Tuesday. The firm has a 50 day moving average of $42.29 and a 200-day moving average of $40.78. Cohen & Steers Inc. has a 12-month low of $25.84 and a 12-month high of $43.83. The stock has a market cap of $1.87 billion, a PE ratio of 27.64 and a beta of 1.12.
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The firm also recently announced a quarterly dividend, which was paid on Thursday, September 22nd. Investors of record on Thursday, September 1st were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.56%. The ex-dividend date was Tuesday, August 30th. Cohen & Steers’s payout ratio is currently 73.24%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC purchased a new position in Cohen & Steers during the second quarter valued at approximately $118,000. BlackRock Advisors LLC boosted its position in Cohen & Steers by 5.2% in the second quarter. BlackRock Advisors LLC now owns 9,961 shares of the company’s stock valued at $403,000 after buying an additional 488 shares during the period. American International Group Inc. boosted its position in Cohen & Steers by 1.3% in the second quarter. American International Group Inc. now owns 12,028 shares of the company’s stock valued at $486,000 after buying an additional 154 shares during the period. O Shaughnessy Asset Management LLC boosted its position in Cohen & Steers by 328.3% in the second quarter. O Shaughnessy Asset Management LLC now owns 12,925 shares of the company’s stock valued at $523,000 after buying an additional 9,907 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its position in Cohen & Steers by 3.8% in the second quarter. Parametric Portfolio Associates LLC now owns 17,511 shares of the company’s stock valued at $708,000 after buying an additional 646 shares during the period. Institutional investors own 44.35% of the company’s stock.
Several equities research analysts recently weighed in on CNS shares. Zacks Investment Research downgraded shares of Cohen & Steers from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th. Credit Suisse Group AG started coverage on shares of Cohen & Steers in a research note on Thursday, July 14th. They set a “neutral” rating and a $42.00 target price on the stock. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Cohen & Steers presently has an average rating of “Buy” and an average target price of $44.25.
Cohen & Steers Company Profile
Cohen & Steers, Inc is a holding company. The Company is an investment manager with a focus on liquid real assets, including real estate securities, listed infrastructure, commodities and natural resource equities, as well as preferred securities and other income solutions. The Company serves institutional and individual investors around the world.
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