Cohen & Steers Inc. (CNS) Scheduled to Post Earnings on Wednesday
Cohen & Steers Inc. (NYSE:CNS) is scheduled to be releasing its earnings data after the market closes on Wednesday, October 12th. Analysts expect Cohen & Steers to post earnings of $0.51 per share for the quarter.
Cohen & Steers (NYSE:CNS) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by $0.03. Cohen & Steers had a net margin of 20.12% and a return on equity of 30.80%. The business had revenue of $86.40 million for the quarter, compared to the consensus estimate of $86.12 million. During the same period in the previous year, the firm earned $0.45 EPS. The company’s revenue was up 3.5% on a year-over-year basis. 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.
Shares of Cohen & Steers Inc. (NYSE:CNS) opened at 40.69 on Tuesday. The company has a market cap of $1.87 billion, a P/E ratio of 27.64 and a beta of 1.12. Cohen & Steers Inc. has a 12 month low of $25.84 and a 12 month high of $43.83. The stock’s 50 day moving average is $42.29 and its 200-day moving average is $40.78.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 22nd. Stockholders of record on Thursday, September 1st were paid a dividend of $0.26 per share. The ex-dividend date was Tuesday, August 30th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.56%. Cohen & Steers’s dividend payout ratio is presently 73.24%.
A number of equities analysts have recently issued reports on CNS shares. Zacks Investment Research downgraded shares of Cohen & Steers from a “hold” rating to a “sell” rating in a research note on Tuesday, September 13th. Credit Suisse Group AG assumed coverage on shares of Cohen & Steers in a research note on Thursday, July 14th. They set a “neutral” rating and a $42.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Cohen & Steers currently has an average rating of “Buy” and a consensus target price of $44.25.
A number of large investors have recently made changes to their positions in CNS. Barclays PLC purchased a new stake in shares of Cohen & Steers during the second quarter valued at $118,000. 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 worth $708,000 after buying an additional 646 shares in the last quarter. Rhumbline Advisers boosted its position in Cohen & Steers by 1.7% in the second quarter. Rhumbline Advisers now owns 39,806 shares of the company’s stock worth $1,610,000 after buying an additional 656 shares in the last quarter. FMR LLC boosted its position in Cohen & Steers by 52.7% in the second quarter. FMR LLC now owns 232,600 shares of the company’s stock worth $9,406,000 after buying an additional 80,300 shares in the last quarter. Finally, 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 worth $486,000 after buying an additional 154 shares in the last quarter. Institutional investors own 44.35% of the company’s stock.
About Cohen & Steers
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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