Cohen & Steers, Inc. (NYSE:CNS) Expected to Post Earnings of $0.62 Per Share

Wall Street analysts expect that Cohen & Steers, Inc. (NYSE:CNS) will announce earnings of $0.62 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Cohen & Steers’ earnings. Cohen & Steers posted earnings of $0.59 per share in the same quarter last year, which suggests a positive year over year growth rate of 5.1%. The business is scheduled to announce its next earnings report on Wednesday, July 17th.

According to Zacks, analysts expect that Cohen & Steers will report full-year earnings of $2.49 per share for the current fiscal year, with EPS estimates ranging from $2.47 to $2.50. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.78 per share, with EPS estimates ranging from $2.60 to $2.95. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Cohen & Steers.

Cohen & Steers (NYSE:CNS) last posted its earnings results on Wednesday, April 17th. The asset manager reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Cohen & Steers had a net margin of 31.20% and a return on equity of 41.39%. The firm had revenue of $94.20 million during the quarter, compared to analyst estimates of $92.99 million. During the same period last year, the firm posted $0.62 earnings per share. Cohen & Steers’s revenue for the quarter was down .3% compared to the same quarter last year.

CNS has been the subject of several recent analyst reports. Gabelli lowered shares of Cohen & Steers from a “buy” rating to a “hold” rating in a research note on Monday, April 22nd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $41.00 price objective on shares of Cohen & Steers in a report on Tuesday, February 26th. Bank of America set a $37.00 price objective on Cohen & Steers and gave the company a “sell” rating in a report on Tuesday, April 9th. Zacks Investment Research upgraded Cohen & Steers from a “sell” rating to a “hold” rating in a report on Wednesday, March 13th. Finally, ValuEngine upgraded Cohen & Steers from a “hold” rating to a “buy” rating in a report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $41.50.

Shares of CNS stock traded down $0.03 on Friday, reaching $50.72. The company’s stock had a trading volume of 1,154 shares, compared to its average volume of 220,611. The stock’s fifty day simple moving average is $50.58. Cohen & Steers has a 1 year low of $32.95 and a 1 year high of $52.45. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.62 and a quick ratio of 6.62. The stock has a market capitalization of $2.43 billion, a P/E ratio of 21.13, a price-to-earnings-growth ratio of 3.03 and a beta of 1.02.

In other news, CFO Matthew S. Stadler sold 50,000 shares of the business’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $51.29, for a total transaction of $2,564,500.00. Following the sale, the chief financial officer now owns 168,227 shares in the company, valued at $8,628,362.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Francis C. Poli sold 14,808 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $47.86, for a total value of $708,710.88. Following the sale, the insider now owns 65,111 shares in the company, valued at approximately $3,116,212.46. The disclosure for this sale can be found here. Insiders sold 73,028 shares of company stock valued at $3,671,585 over the last quarter. 50.63% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the company. Norges Bank acquired a new position in shares of Cohen & Steers during the 4th quarter worth approximately $5,051,000. First Trust Advisors LP raised its stake in Cohen & Steers by 1,335.7% in the 1st quarter. First Trust Advisors LP now owns 110,624 shares of the asset manager’s stock valued at $4,676,000 after purchasing an additional 102,919 shares during the last quarter. Deprince Race & Zollo Inc. raised its stake in Cohen & Steers by 261.2% in the 1st quarter. Deprince Race & Zollo Inc. now owns 141,990 shares of the asset manager’s stock valued at $6,002,000 after purchasing an additional 102,678 shares during the last quarter. Copeland Capital Management LLC raised its stake in Cohen & Steers by 13.5% in the 1st quarter. Copeland Capital Management LLC now owns 576,242 shares of the asset manager’s stock valued at $24,357,000 after purchasing an additional 68,483 shares during the last quarter. Finally, Millennium Management LLC acquired a new position in Cohen & Steers in the 4th quarter valued at $1,704,000. Institutional investors and hedge funds own 46.08% of the company’s stock.

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

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