Cohen & Steers (NYSE:CNS) Announces Quarterly Earnings Results

Cohen & Steers (NYSE:CNS) announced its quarterly earnings data on Thursday. The asset manager reported $0.89 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.89, FiscalAI reports. The company had revenue of $156.41 million for the quarter, compared to analysts’ expectations of $155.12 million. Cohen & Steers had a net margin of 28.16% and a return on equity of 27.45%. Cohen & Steers’s revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.81 EPS.

Cohen & Steers Trading Up 0.6%

Shares of CNS traded up $0.41 during mid-day trading on Friday, hitting $69.39. The company’s stock had a trading volume of 676,767 shares, compared to its average volume of 323,800. The firm has a 50-day simple moving average of $76.66 and a 200 day simple moving average of $74.62. The firm has a market capitalization of $3.57 billion, a P/E ratio of 21.29, a P/E/G ratio of 2.94 and a beta of 1.22. Cohen & Steers has a 1-year low of $58.39 and a 1-year high of $86.56.

Cohen & Steers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Monday, August 10th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Monday, August 10th. Cohen & Steers’s dividend payout ratio (DPR) is currently 82.21%.

Analysts Set New Price Targets

Several research firms have recently commented on CNS. Weiss Ratings upgraded shares of Cohen & Steers from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Evercore reiterated an “outperform” rating and set a $88.00 price target on shares of Cohen & Steers in a research note on Monday, August 10th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.00.

Trending Headlines about Cohen & Steers

Here are the key news stories impacting Cohen & Steers this week:

• Positive Sentiment: Revenue exceeded estimates and increased year over year. Cohen & Steers reported third-quarter revenue of approximately $156.4 million to $157.4 million, ahead of the roughly $155.1 million consensus forecast. Revenue rose 11.1% from the prior-year quarter, supporting the view that the asset manager continues to benefit from business growth. Cohen & Steers Q3 revenue report
• Positive Sentiment: Strong inflows were a key catalyst. Reports characterized the quarter as benefiting from robust investment inflows, which can increase assets under management and support recurring fee revenue. Investors also received details during the company’s earnings call about operating trends and the outlook. Cohen & Steers strong inflows report
• Positive Sentiment: Profitability and cash generation remained healthy. The company reported $0.89 in adjusted earnings per share, matching consensus and rising from $0.81 a year earlier. Net margin was 28.82%, return on equity was 27.41%, and operating cash flow was reported at $67.4 million. Cohen & Steers earnings report
• Neutral Sentiment: The earnings result was a mixed beat. Revenue surpassed expectations, but EPS only met estimates, limiting the size of the fundamental upside. One third-party report cited diluted EPS of $0.81, conflicting with other coverage that reported $0.89; investors may await the company’s filings for clarification. Cohen & Steers mixed Q3 results report
• Negative Sentiment: Insider selling and valuation concerns could restrain gains. Recent disclosures showed several executives selling shares, while analysis argued CNS still had a potential fair-value gap despite the post-earnings advance. The stock also remains below its 50-day and 200-day moving averages, signaling lingering technical weakness. Cohen & Steers fair value analysis

Insider Buying and Selling at Cohen & Steers

In related news, CAO Elena Dulik sold 1,100 shares of the company’s stock in a transaction on Monday, July 20th. The stock was sold at an average price of $83.16, for a total transaction of $91,476.00. Following the transaction, the chief accounting officer owned 22,146 shares of the company’s stock, valued at $1,841,661.36. This represents a 4.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 45.40% of the stock is currently owned by company insiders.

Cohen & Steers Company Profile

Cohen & Steers, Inc is a global investment management company specializing in listed real assets and alternative income. The firm manages portfolios focused on areas such as real estate securities, infrastructure, natural resource equities, commodities, preferred securities and other income-oriented investments.

Its investment solutions are offered through mutual funds, exchange-traded funds, closed-end funds, institutional accounts and separately managed accounts. Cohen & Steers serves a range of clients, including institutional investors, financial advisers and individual investors, with strategies covering markets in the United States and internationally.

Founded in 1986 by Martin Cohen and Robert Steers, the company is headquartered in New York City and maintains an international presence to support its global investment activities.