Cohen & Steers (NYSE:CNS) Issues Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Cohen & Steers (NYSE:CNS) announced its quarterly earnings data on Wednesday. The asset manager reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.02), Zacks reports. Cohen & Steers had a return on equity of 32.75% and a net margin of 27.23%.

Cohen & Steers Stock Down 3.0 %

NYSE:CNS opened at $86.51 on Thursday. The business’s 50-day moving average price is $95.66 and its 200 day moving average price is $92.27. The firm has a market cap of $4.37 billion, a P/E ratio of 32.28 and a beta of 1.55. Cohen & Steers has a 52-week low of $64.13 and a 52-week high of $110.67.

Cohen & Steers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend was Monday, November 18th. Cohen & Steers’s payout ratio is currently 88.06%.

Analyst Ratings Changes

CNS has been the topic of a number of recent research reports. Evercore ISI raised their target price on Cohen & Steers from $110.00 to $111.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. UBS Group raised Cohen & Steers from a “sell” rating to a “neutral” rating and raised their price target for the company from $63.00 to $102.00 in a report on Thursday, October 17th.

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.