Equities analysts expect Cohen & Steers, Inc. (NYSE:CNS) to report earnings per share of $0.67 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Cohen & Steers’ earnings. Cohen & Steers posted earnings per share of $0.56 during the same quarter last year, which would indicate a positive year-over-year growth rate of 19.6%. The company is scheduled to report its next quarterly earnings results on Wednesday, January 22nd.
On average, analysts expect that Cohen & Steers will report full-year earnings of $2.51 per share for the current fiscal year. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.86 per share. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Cohen & Steers.
Cohen & Steers (NYSE:CNS) last released its earnings results on Wednesday, October 16th. The asset manager reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. Cohen & Steers had a return on equity of 46.35% and a net margin of 31.26%. The business had revenue of $104.97 million for the quarter, compared to analyst estimates of $102.42 million. During the same quarter last year, the firm posted $0.64 earnings per share. The business’s revenue was up 6.7% compared to the same quarter last year.
In other Cohen & Steers news, CAO Elena Dulik sold 1,000 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $54.54, for a total value of $54,540.00. Following the completion of the transaction, the chief accounting officer now directly owns 18,478 shares of the company’s stock, valued at $1,007,790.12. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Francis C. Poli sold 2,000 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $66.54, for a total value of $133,080.00. Following the completion of the transaction, the executive vice president now owns 63,756 shares of the company’s stock, valued at approximately $4,242,324.24. The disclosure for this sale can be found here. Corporate insiders own 50.63% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in CNS. Metropolitan Life Insurance Co NY boosted its stake in Cohen & Steers by 13.6% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 7,684 shares of the asset manager’s stock worth $422,000 after buying an additional 920 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in Cohen & Steers in the third quarter valued at approximately $1,064,000. Zebra Capital Management LLC increased its position in Cohen & Steers by 12.9% during the third quarter. Zebra Capital Management LLC now owns 15,238 shares of the asset manager’s stock worth $837,000 after purchasing an additional 1,746 shares during the last quarter. Point72 Asset Management L.P. boosted its holdings in shares of Cohen & Steers by 270.0% in the 3rd quarter. Point72 Asset Management L.P. now owns 11,100 shares of the asset manager’s stock valued at $610,000 after purchasing an additional 8,100 shares during the last quarter. Finally, California State Teachers Retirement System boosted its holdings in shares of Cohen & Steers by 1.2% in the 3rd quarter. California State Teachers Retirement System now owns 35,498 shares of the asset manager’s stock valued at $1,950,000 after purchasing an additional 424 shares during the last quarter. Hedge funds and other institutional investors own 47.94% of the company’s stock.
Shares of NYSE CNS traded down $0.27 during mid-day trading on Thursday, reaching $65.22. The company had a trading volume of 2,306 shares, compared to its average volume of 172,848. The business’s 50-day moving average is $64.63 and its 200-day moving average is $55.42. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of 27.17, a price-to-earnings-growth ratio of 4.14 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th will be issued a dividend of $2.00 per share. The ex-dividend date is Friday, November 15th. This represents a $8.00 dividend on an annualized basis and a yield of 12.27%. This is a positive change from Cohen & Steers’s previous quarterly dividend of $0.76. Cohen & Steers’s dividend payout ratio is currently 60.00%.
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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