Cohen & Steers (NYSE:CNS) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Cohen & Steers (NYSE:CNS) posted its quarterly earnings results on Wednesday. The asset manager reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.01), Briefing.com reports. Cohen & Steers had a net margin of 30.97% and a return on equity of 43.76%. The firm had revenue of $101.80 million during the quarter, compared to analysts’ expectations of $102.17 million. During the same period last year, the company earned $0.59 EPS. The business’s quarterly revenue was up 7.8% on a year-over-year basis.

NYSE:CNS opened at $51.53 on Friday. 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 cap of $2.43 billion, a PE ratio of 21.47, a P/E/G ratio of 3.02 and a beta of 0.95. The business’s 50 day moving average is $51.25. Cohen & Steers has a fifty-two week low of $32.95 and a fifty-two week high of $53.52.

In related news, insider Francis C. Poli sold 14,808 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $47.86, for a total transaction of $708,710.88. Following the completion of the transaction, the insider now owns 65,111 shares of the company’s stock, valued at approximately $3,116,212.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Matthew S. Stadler sold 50,000 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 168,227 shares of the company’s stock, 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 ninety days. 50.63% of the stock is currently owned by corporate insiders.

Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th. Gabelli cut shares of KEYW from a “buy” rating to a “hold” rating in a research report on Monday, April 22nd. ValuEngine raised shares of Alleghany from a “hold” rating to a “buy” rating in a research report on Friday, April 19th. Finally, Bank of America set a $180.00 price objective on shares of CME Group and gave the stock a “hold” rating in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. Cohen & Steers has a consensus rating of “Hold” and an average price target of $41.50.

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.

See Also: Portfolio Manager

Earnings History for Cohen & Steers (NYSE:CNS)

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