$0.62 EPS Expected for Cohen & Steers, Inc. (CNS) This Quarter
Equities research analysts expect Cohen & Steers, Inc. (NYSE:CNS) to post $0.62 earnings per share for the current quarter, according to Zacks. Zero analysts have made estimates for Cohen & Steers’ earnings. Cohen & Steers posted earnings of $0.59 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 5.1%. The business is scheduled to report its next earnings report on Wednesday, July 17th.
On average, 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 year, analysts expect that the company will post earnings of $2.75 per share, with EPS estimates ranging from $2.60 to $2.90. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Cohen & Steers.
Cohen & Steers (NYSE:CNS) last issued its earnings results on Wednesday, April 17th. The asset manager reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Cohen & Steers had a return on equity of 41.39% and a net margin of 31.20%. The business had revenue of $94.20 million during the quarter, compared to analyst estimates of $92.99 million. During the same period in the previous year, the company posted $0.62 EPS. The firm’s revenue was down .3% compared to the same quarter last year.
In other Cohen & Steers news, Director Edmond D. Villani sold 4,000 shares of Cohen & Steers stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $48.31, for a total transaction of $193,240.00. Following the completion of the transaction, the director now owns 34,234 shares in the company, valued at approximately $1,653,844.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Matthew S. Stadler sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $51.29, for a total value of $2,564,500.00. Following the completion of the transaction, the chief financial officer now owns 168,227 shares in the company, valued at approximately $8,628,362.83. The disclosure for this sale can be found here. Insiders have sold a total of 73,028 shares of company stock valued at $3,671,585 in the last quarter. Company insiders own 50.63% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Bbva Compass Bancshares Inc. lifted its stake in Cohen & Steers by 2.5% in the first quarter. Bbva Compass Bancshares Inc. now owns 8,308 shares of the asset manager’s stock valued at $352,000 after purchasing an additional 200 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in Cohen & Steers by 1.1% in the fourth quarter. Public Employees Retirement System of Ohio now owns 24,605 shares of the asset manager’s stock valued at $844,000 after purchasing an additional 275 shares during the last quarter. Eagle Boston Investment Management Inc. lifted its stake in Cohen & Steers by 1.2% in the first quarter. Eagle Boston Investment Management Inc. now owns 46,279 shares of the asset manager’s stock valued at $1,956,000 after purchasing an additional 568 shares during the last quarter. Advisor Group Inc. lifted its stake in Cohen & Steers by 32.5% in the fourth quarter. Advisor Group Inc. now owns 2,631 shares of the asset manager’s stock valued at $90,000 after purchasing an additional 646 shares during the last quarter. Finally, Premia Global Advisors LLC purchased a new position in Cohen & Steers in the first quarter valued at approximately $38,000. Hedge funds and other institutional investors own 46.10% of the company’s stock.
Cohen & Steers stock traded down $0.66 during midday trading on Wednesday, reaching $50.56. The stock had a trading volume of 2,597 shares, compared to its average volume of 184,373. Cohen & Steers has a 12 month low of $32.95 and a 12 month high of $52.45. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 3.08 and a beta of 1.02. 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 business also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Monday, May 13th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $1.44 dividend on an annualized basis and a yield of 2.85%. Cohen & Steers’s dividend payout ratio (DPR) is currently 60.00%.
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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