Cohen & Steers (NYSE:CNS) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, July 17th. Analysts expect the company to announce earnings of $0.61 per share for the quarter.
Cohen & Steers (NYSE:CNS) last issued its quarterly earnings data on Wednesday, April 18th. The asset manager reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.02. The company had revenue of $94.46 million during the quarter, compared to analyst estimates of $93.87 million. Cohen & Steers had a return on equity of 35.97% and a net margin of 25.21%. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.47 earnings per share. On average, analysts expect Cohen & Steers to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of Cohen & Steers stock opened at $41.69 on Tuesday. The company has a market capitalization of $1.93 billion, a P/E ratio of 20.14, a price-to-earnings-growth ratio of 1.73 and a beta of 1.24. Cohen & Steers has a fifty-two week low of $36.29 and a fifty-two week high of $47.83.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 21st. Investors of record on Thursday, May 31st were given a $0.33 dividend. The ex-dividend date was Wednesday, May 30th. This represents a $1.32 annualized dividend and a yield of 3.17%. Cohen & Steers’s payout ratio is 63.77%.
Several research analysts recently weighed in on CNS shares. Gabelli upgraded Cohen & Steers from a “hold” rating to a “buy” rating in a research report on Monday, April 16th. Zacks Investment Research upgraded Cohen & Steers from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Monday, June 18th. Credit Suisse Group set a $43.00 price objective on Cohen & Steers and gave the stock a “hold” rating in a research report on Thursday, April 5th. Finally, Keefe, Bruyette & Woods reiterated a “sell” rating and issued a $36.00 price objective on shares of Cohen & Steers in a research report on Wednesday, April 11th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $43.60.
About Cohen & Steers
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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