Cohen & Steers Inc (NYSE:CNS) is reporting third quarter financial results on Wednesday 21st October 2020, after market close.
According to analysts surveyed by Thomson Reuters, CNS is expected to report 3Q20 income of $ 0.60 per share from revenue of $ 106.07 million.
For the full year, analysts anticipate top line of $ 413.41 million, while looking forward to income of $ 2.40 per share bottom line.
Previous Quarter Performance
Cohen & Steers Inc outlined income for the second quarter of $ 0.54 per share, from the revenue of $ 94.09 million. The quarterly earnings reduced 12.90 percent while revenues decreased 7.91 percent compared with the same quarter last year.
According to street consensus, CNS was expected to report 2Q20 income of $ 0.53 per share from revenue of $ 95.00 million. The bottom line results beat street analysts by $ 0.01 or 1.89 percent, at the same time, top line results fell short of analysts by $ 0.91 million or 0.96 percent.
Stock Performance
Shares of Cohen & Steers Inc traded up $ 0.46 or 0.79 percent on Tuesday, reaching $ 58.49 with volume of 137.40 thousand shares. Cohen & Steers Inc has traded high as $ 58.75 and has cracked $ 58.15 on the downward trend
The closing price of $ 58.49, representing a 73.12 % increase from the 52 week low of $ 33.52 and a 25.82 % decrease over the 52 week high of $ 78.23.
The company has a market capital of $ 2.79 billion and is part of the Financial Services sector and Asset Management industry.
Recent Stock Dividend Announcement
On August 6, 2020, the board of directors authorized quarterly dividend of $ 0.39 per share to holders of record as of the close of business on August 17, 2020, with payment date of August 27, 2020 and ex-dividend date on August 14, 2020.
Conference Call
Cohen & Steers Inc will be hosting a conference call at 10:00 AM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.cohenandsteers.com
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.
