Wall Street analysts expect Cohen & Steers, Inc. (NYSE:CNS) to post earnings per share (EPS) of $0.67 for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Cohen & Steers’ earnings. Cohen & Steers reported earnings per share of $0.56 during the same quarter last year, which would suggest a positive year over year growth rate of 19.6%. The company is scheduled to announce its next quarterly earnings results on Wednesday, January 22nd.
According to Zacks, analysts expect that Cohen & Steers will report full-year earnings of $2.51 per share for the current fiscal year, with EPS estimates ranging from $2.50 to $2.51. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.91 per share, with EPS estimates ranging from $2.86 to $2.95. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Cohen & Steers.
Cohen & Steers (NYSE:CNS) last announced its quarterly earnings data on Wednesday, October 16th. The asset manager reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.02. The company had revenue of $104.97 million for the quarter, compared to analysts’ expectations of $102.42 million. Cohen & Steers had a return on equity of 48.33% and a net margin of 31.26%. Cohen & Steers’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period last year, the firm posted $0.64 EPS.
In related news, CAO Elena Dulik sold 1,000 shares of Cohen & Steers stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 18,478 shares in the company, valued at $1,007,790.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 50.63% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CNS. FDx Advisors Inc. boosted its holdings in Cohen & Steers by 8.1% in the second quarter. FDx Advisors Inc. now owns 5,233 shares of the asset manager’s stock worth $269,000 after acquiring an additional 392 shares in the last quarter. Quest Capital Management Inc. ADV bought a new stake in Cohen & Steers in the third quarter worth $28,000. State Board of Administration of Florida Retirement System boosted its holdings in Cohen & Steers by 3.0% in the second quarter. State Board of Administration of Florida Retirement System now owns 20,037 shares of the asset manager’s stock worth $1,031,000 after acquiring an additional 593 shares in the last quarter. Aperio Group LLC boosted its holdings in Cohen & Steers by 2.8% in the second quarter. Aperio Group LLC now owns 24,558 shares of the asset manager’s stock worth $1,263,000 after acquiring an additional 679 shares in the last quarter. Finally, Advisors Preferred LLC bought a new stake in Cohen & Steers in the second quarter worth $37,000. Institutional investors own 47.10% of the company’s stock.
Shares of NYSE CNS traded down $0.50 during trading hours on Tuesday, reaching $65.50. 336,399 shares of the stock traded hands, compared to its average volume of 166,188. The company has a market capitalization of $3.16 billion, a P/E ratio of 27.29, a price-to-earnings-growth ratio of 3.26 and a beta of 0.90. Cohen & Steers has a 52-week low of $32.95 and a 52-week high of $68.01. The company’s 50-day simple moving average is $59.29 and its two-hundred day simple moving average is $53.52.
The firm also recently announced a dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th will be paid a dividend of $2.00 per share. The ex-dividend date is Friday, November 15th. This is a boost from Cohen & Steers’s previous dividend of $0.76. Cohen & Steers’s payout ratio is 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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