FY2019 EPS Estimates for Cohen & Steers, Inc. (CNS) Lifted by Gabelli
Cohen & Steers, Inc. (NYSE:CNS) – Stock analysts at Gabelli boosted their FY2019 earnings per share (EPS) estimates for shares of Cohen & Steers in a note issued to investors on Thursday, April 11th. Gabelli analyst M. Sykes now anticipates that the asset manager will post earnings per share of $2.55 for the year, up from their prior estimate of $2.25. Gabelli also issued estimates for Cohen & Steers’ FY2020 earnings at $2.95 EPS, FY2021 earnings at $3.15 EPS and FY2022 earnings at $3.45 EPS.
CNS has been the subject of a number of other reports. Zacks Investment Research downgraded Cohen & Steers from a “hold” rating to a “sell” rating in a report on Thursday, January 3rd. Bank of America set a $37.00 price objective on Cohen & Steers and gave the company a “sell” rating in a report on Tuesday, April 9th. Keefe, Bruyette & Woods downgraded Cohen & Steers from a “market perform” rating to an “underperform” rating and set a $36.00 price objective for the company. in a report on Wednesday, February 20th. Finally, ValuEngine upgraded Cohen & Steers from a “sell” rating to a “hold” rating in a report on Wednesday, January 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $41.50.
Cohen & Steers (NYSE:CNS) last posted its quarterly earnings data on Wednesday, January 23rd. The asset manager reported $0.56 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.03). The company had revenue of $93.90 million during the quarter, compared to analyst estimates of $93.84 million. Cohen & Steers had a net margin of 29.89% and a return on equity of 40.17%. The business’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.55 earnings per share.
Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in Cohen & Steers by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,924,716 shares of the asset manager’s stock worth $78,163,000 after acquiring an additional 32,938 shares during the period. Bank of New York Mellon Corp grew its holdings in Cohen & Steers by 5.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 838,831 shares of the asset manager’s stock worth $34,065,000 after acquiring an additional 39,903 shares during the period. Congress Asset Management Co. MA grew its holdings in Cohen & Steers by 17.3% during the 4th quarter. Congress Asset Management Co. MA now owns 33,047 shares of the asset manager’s stock worth $1,134,000 after acquiring an additional 4,880 shares during the period. Vanguard Group Inc grew its holdings in Cohen & Steers by 1.7% during the 3rd quarter. Vanguard Group Inc now owns 1,924,716 shares of the asset manager’s stock worth $78,163,000 after acquiring an additional 32,938 shares during the period. Finally, Pwmco LLC grew its holdings in Cohen & Steers by 25.2% during the 4th quarter. Pwmco LLC now owns 531,100 shares of the asset manager’s stock worth $18,227,000 after acquiring an additional 107,050 shares during the period. Hedge funds and other institutional investors own 46.97% of the company’s stock.
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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