Brokerages Expect Cohen & Steers, Inc. (CNS) Will Announce Earnings of $0.61 Per Share

Wall Street brokerages expect Cohen & Steers, Inc. (NYSE:CNS) to post earnings per share of $0.61 for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Cohen & Steers’ earnings. Cohen & Steers reported earnings of $0.50 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 22%. The company is scheduled to announce its next quarterly earnings report on Wednesday, July 18th.

According to Zacks, analysts expect that Cohen & Steers will report full-year earnings of $2.47 per share for the current fiscal year, with EPS estimates ranging from $2.45 to $2.48. For the next year, analysts forecast that the business will report earnings of $2.56 per share, with EPS estimates ranging from $2.55 to $2.57. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Cohen & Steers.

Cohen & Steers (NYSE:CNS) last issued its quarterly earnings results on Wednesday, April 18th. The asset manager reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.02. The business had revenue of $94.46 million during the quarter, compared to the consensus estimate of $93.87 million. Cohen & Steers had a return on equity of 35.74% and a net margin of 25.21%. The company’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the company earned $0.47 earnings per share.

A number of research firms recently commented on CNS. Credit Suisse Group set a $43.00 target price on Cohen & Steers and gave the stock a “hold” rating in a report on Thursday, April 5th. Keefe, Bruyette & Woods reiterated a “sell” rating and set a $36.00 price target on shares of Cohen & Steers in a research report on Wednesday, April 11th. Zacks Investment Research cut Cohen & Steers from a “hold” rating to a “sell” rating in a research report on Tuesday, April 10th. Finally, Gabelli upgraded Cohen & Steers from a “hold” rating to a “buy” rating in a research report on Monday, April 16th. Four analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $45.20.

Several institutional investors have recently bought and sold shares of CNS. BlackRock Inc. boosted its stake in shares of Cohen & Steers by 0.6% in the fourth quarter. BlackRock Inc. now owns 1,416,078 shares of the asset manager’s stock worth $66,967,000 after acquiring an additional 7,901 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Cohen & Steers by 9.3% during the third quarter. Wells Fargo & Company MN now owns 67,206 shares of the asset manager’s stock worth $2,654,000 after buying an additional 5,742 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Cohen & Steers by 11.0% during the third quarter. Dimensional Fund Advisors LP now owns 710,782 shares of the asset manager’s stock worth $28,069,000 after buying an additional 70,357 shares during the last quarter. Gabelli Funds LLC boosted its stake in Cohen & Steers by 7.1% during the fourth quarter. Gabelli Funds LLC now owns 220,200 shares of the asset manager’s stock worth $10,413,000 after buying an additional 14,600 shares during the last quarter. Finally, Eagle Boston Investment Management Inc. boosted its stake in Cohen & Steers by 34.7% during the fourth quarter. Eagle Boston Investment Management Inc. now owns 33,220 shares of the asset manager’s stock worth $1,570,000 after buying an additional 8,556 shares during the last quarter. Institutional investors and hedge funds own 47.33% of the company’s stock.

Shares of Cohen & Steers stock traded up $0.10 on Friday, reaching $39.95. 99,667 shares of the stock were exchanged, compared to its average volume of 233,689. Cohen & Steers has a twelve month low of $36.29 and a twelve month high of $47.83. The company has a market capitalization of $1,869.52, a price-to-earnings ratio of 19.15, a price-to-earnings-growth ratio of 1.68 and a beta of 1.30.

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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Earnings History and Estimates for Cohen & Steers (NYSE:CNS)

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