Equities research analysts expect Cohen & Steers, Inc. (NYSE:CNS) to post earnings of $0.61 per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Cohen & Steers’ earnings. Cohen & Steers reported earnings of $0.55 per share in the same quarter last year, which indicates a positive year over year growth rate of 10.9%. The firm is expected to announce its next earnings report after the market closes on Wednesday, January 23rd.
On average, analysts expect that Cohen & Steers will report full-year earnings of $2.45 per share for the current fiscal year. For the next year, analysts forecast that the business will post earnings of $2.48 per share, with EPS estimates ranging from $2.40 to $2.55. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Cohen & Steers.
Cohen & Steers (NYSE:CNS) last announced its quarterly earnings results on Wednesday, October 17th. The asset manager reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. The firm had revenue of $98.30 million during the quarter, compared to analysts’ expectations of $99.05 million. Cohen & Steers had a net margin of 28.13% and a return on equity of 38.16%. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.55 earnings per share.
A number of analysts have commented on the stock. Zacks Investment Research upgraded shares of Cohen & Steers from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research note on Tuesday, September 18th. ValuEngine upgraded shares of Cohen & Steers from a “sell” rating to a “hold” rating in a research note on Thursday, November 8th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $41.33.
Shares of CNS stock opened at $33.97 on Friday. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 16.41, a PEG ratio of 1.65 and a beta of 1.05. Cohen & Steers has a one year low of $32.95 and a one year high of $46.33.
In other Cohen & Steers news, insider John Todd Glickson sold 6,315 shares of the stock in a transaction on Wednesday, December 19th. The shares were sold at an average price of $34.34, for a total value of $216,857.10. Following the completion of the sale, the insider now owns 56,439 shares in the company, valued at $1,938,115.26. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 51.20% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. State of Alaska Department of Revenue bought a new position in shares of Cohen & Steers in the third quarter valued at about $108,000. Sageworth Trust Co raised its position in shares of Cohen & Steers by 500.0% in the third quarter. Sageworth Trust Co now owns 3,000 shares of the asset manager’s stock valued at $122,000 after purchasing an additional 2,500 shares during the period. MML Investors Services LLC bought a new position in shares of Cohen & Steers in the third quarter valued at about $216,000. Leavell Investment Management Inc. bought a new position in shares of Cohen & Steers in the third quarter valued at about $223,000. Finally, Envestnet Asset Management Inc. raised its position in shares of Cohen & Steers by 33.9% in the second quarter. Envestnet Asset Management Inc. now owns 5,499 shares of the asset manager’s stock valued at $229,000 after purchasing an additional 1,391 shares during the period. 48.52% of the stock is currently owned by institutional investors.
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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