Cowen Group, Inc. (COWN) Releases Earnings Results

Cowen Group, Inc. (NASDAQ:COWN) announced its quarterly earnings data on Thursday. The financial services provider reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.11, Bloomberg Earnings reports. Cowen Group had a net margin of 1.00% and a return on equity of 1.92%. The company had revenue of $182.60 million for the quarter, compared to the consensus estimate of $181.96 million. During the same period in the prior year, the firm posted $0.10 EPS. The company’s quarterly revenue was up 19.0% compared to the same quarter last year.

Cowen Group (NASDAQ:COWN) opened at 15.35 on Friday. Cowen Group has a 52-week low of $11.60 and a 52-week high of $18.25. The company has a 50 day moving average of $16.67 and a 200-day moving average of $15.83. The stock’s market capitalization is $474.04 million.

A number of brokerages have commented on COWN. Instinet reissued a “neutral” rating and issued a $18.00 price objective (up from $17.00) on shares of Cowen Group in a research report on Friday, August 11th. Nomura increased their price objective on shares of Cowen Group from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday, August 10th. Finally, BidaskClub downgraded shares of Cowen Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th.

WARNING: “Cowen Group, Inc. (COWN) Releases Earnings Results” was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece on another publication, it was stolen and republished in violation of United States & international trademark and copyright laws. The correct version of this piece can be read at https://www.dispatchtribunal.com/2017/10/26/cowen-group-inc-cown-announces-earnings-results.html.

About Cowen Group

Cowen Inc, formerly Cowen Group, Inc, is a financial services company. The Company provides alternative investment management, investment banking, research, sales and trading, and prime brokerage services. It operates through two segments: alternative investment and broker-dealer. The alternative investment segment includes private equity structures, registered investment companies and listed investment vehicles.

Earnings History for Cowen Group (NASDAQ:COWN)

Receive News & Ratings for Cowen Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cowen Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply