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.
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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.
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