Cowen Inc. (NASDAQ:COWN) is reporting third quarter financial results on Tuesday 27th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, COWN is expected to report 3Q20 income of $ 0.38 per share from revenue of $ 227.10 million.
For the full year, analysts anticipate top line of $ 1267.81 million, while looking forward to income of $ 6.96 per share bottom line.
Previous Quarter Performance
Cowen Inc. revealed income for the second quarter of $ 5.69 per share, from the revenue of $ 558.70 million. The quarterly earnings escalated 775.38 percent while revenues raised 142.61 percent compared with the same quarter last year.
Street analysts expected Cowen Inc. to report income of $ 4.76 per share on revenue of $ 529.58 million for the second quarter. The bottom line results beat street analysts by $ 0.93 or 19.54 percent, at the same time, top line results outshined analysts by $ 29.12 million or 5.50 percent.
Stock Performance
Shares of Cowen Inc. traded up $ 0.26 or 1.37 percent on Friday, reaching $ 19.21 with volume of 224.20 thousand shares. Cowen Inc. has traded high as $ 19.35 and has cracked $ 18.92 on the downward trend
According to the previous trading day, closing price of $ 19.21, representing a 229.57 % increase from the 52 week low of $ 5.75 and a 6.88 % decrease over the 52 week high of $ 20.35.
The company has a market capital of $ 531.61 million and is part of the Financial Services sector and Capital Markets industry.
Recent Stock Dividend Announcement
On July 21, 2020, the board of directors authorized quarterly dividend of $ 0.04 per share to holders of record as of the close of business on September 1, 2020, with payment date of September 15, 2020 and ex-dividend date on August 31, 2020.
Conference Call
Cowen Inc. will be hosting a conference call at 9:00 AM eastern time on 27th 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.cowen.com
Cowen Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides alternative investment management, investment banking, research, and sales and trading services for its clients.
