Cohen & Steers (NYSE:CNS - Get Free Report) is expected to be releasing its earnings data before the market opens on Wednesday, January 22nd. Analysts expect Cohen & Steers to post earnings of $0.80 per share and revenue of $142,000.00 billion for the quarter.
Cohen & Steers (NYSE:CNS - Get Free Report) last issued its earnings results on Wednesday, October 16th. The asset manager reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.03. Cohen & Steers had a net margin of 27.23% and a return on equity of 32.75%. The company had revenue of $133.20 million for the quarter, compared to the consensus estimate of $124.18 million. During the same period in the previous year, the firm earned $0.70 earnings per share. Cohen & Steers's quarterly revenue was up 7.7% compared to the same quarter last year.
Cohen & Steers Stock Up 0.6 %
Shares of Cohen & Steers stock traded up $0.56 during mid-day trading on Wednesday, hitting $87.00. The stock had a trading volume of 194,037 shares, compared to its average volume of 181,726. The firm has a market cap of $4.40 billion, a P/E ratio of 32.46 and a beta of 1.55. The firm has a 50-day moving average of $97.44 and a two-hundred day moving average of $91.73. Cohen & Steers has a 12-month low of $64.13 and a 12-month high of $110.67.
Cohen & Steers Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were given a $0.59 dividend. The ex-dividend date was Monday, November 18th. This represents a $2.36 annualized dividend and a yield of 2.71%. Cohen & Steers's payout ratio is 88.06%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the company. UBS Group raised Cohen & Steers from a "sell" rating to a "neutral" rating and upped their price target for the company from $63.00 to $102.00 in a research note on Thursday, October 17th. Evercore ISI boosted their price objective on shares of Cohen & Steers from $110.00 to $111.00 and gave the company an "outperform" rating in a report on Thursday, November 7th.
Check Out Our Latest Analysis on CNS
About Cohen & Steers
(
Get Free Report)
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.
Further Reading
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