Cohen & Steers (NYSE:CNS) Announces Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Cohen & Steers (NYSE:CNS) released its earnings results on Tuesday. The asset manager reported $0.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.08, MarketWatch Earnings reports. Cohen & Steers had a return on equity of 66.18% and a net margin of 23.44%. The firm had revenue of $144.27 million during the quarter, compared to analysts’ expectations of $137.32 million. During the same period in the previous year, the firm posted $0.54 EPS. Cohen & Steers’s revenue for the quarter was up 53.3% on a year-over-year basis.

Shares of NYSE:CNS traded down $0.93 on Thursday, hitting $80.55. 505 shares of the company’s stock were exchanged, compared to its average volume of 107,115. The stock’s 50-day moving average is $76.99. The stock has a market capitalization of $3.89 billion, a P/E ratio of 37.29 and a beta of 1.32. Cohen & Steers has a 1-year low of $54.03 and a 1-year high of $82.71.

The firm also recently disclosed a dividend, which was paid on Wednesday, June 30th. Stockholders of record on Wednesday, June 16th were given a dividend of $0.015 per share. The ex-dividend date of this dividend was Tuesday, June 15th. This represents a dividend yield of 0.08%. Cohen & Steers’s dividend payout ratio is currently 70.04%.

Separately, TheStreet raised Cohen & Steers from a “c+” rating to a “b+” rating in a research note on Thursday, June 24th.

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.

Further Reading: Stocks Increasing Dividends

Earnings History for Cohen & Steers (NYSE:CNS)

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