Cohen & Steers (NYSE:CNS) issued its quarterly earnings data on Tuesday. The asset manager reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.08, MarketWatch Earnings reports. The firm had revenue of $144.27 million during the quarter, compared to analysts’ expectations of $137.32 million. Cohen & Steers had a net margin of 23.44% and a return on equity of 66.18%. The business’s revenue was up 53.3% on a year-over-year basis. During the same period last year, the company earned $0.54 earnings per share.
Cohen & Steers stock traded down $0.74 during midday trading on Thursday, hitting $80.74. 1,273 shares of the stock were exchanged, compared to its average volume of 107,115. The company has a market capitalization of $3.89 billion, a PE ratio of 37.29 and a beta of 1.32. Cohen & Steers has a 52-week low of $54.03 and a 52-week high of $82.71. The stock’s 50-day simple moving average is $76.99.
The company also recently declared a dividend, which was paid on Wednesday, June 30th. Investors of record on Wednesday, June 16th were issued a dividend of $0.015 per share. This represents a yield of 0.08%. The ex-dividend date of this dividend was Tuesday, June 15th. Cohen & Steers’s dividend payout ratio (DPR) is presently 70.04%.
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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