Cohen & Steers (CNS) reported quarterly earnings results on Wednesday, Apr-20-2016. The company reported $0.39 earnings per share for the quarter, missing the analyst consensus estimate by $-0.03. Analysts had a consensus of $0.42. The company posted revenue of $79.70 million in the period, compared to analysts expectations of $80.88 million. The company’s revenue was down -4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS.
Many Wall Street Analysts have commented on Cohen & Steers. Sidoti Initiated Cohen & Steers on Apr 11, 2016 to “Buy”, Price Target of the shares are set at $51.Company shares were Upgraded by BofA/Merrill on Mar 15, 2016 to ” Buy”, Firm has raised the Price Target to $ 37 from a previous price target of $28 .
Cohen & Steers opened for trading at $41.01 and hit $41.93 on the upside on Monday, eventually ending the session at $41.75, with a gain of 1.56% or 0.64 points. The heightened volatility saw the trading volume jump to 98,699 shares. Company has a market cap of $1,913 M.
In a different news, on Mar 17, 2016, Francis C Poli (General Counsel, Secretary,EVP) sold 12,352 shares at $35.73 per share price.
Cohen & Steers Inc. (CNS) is an investment manager with a focus on real assets including real estate infrastructure and commodities along with preferred securities and other income solutions. The Company serves institutional and individual investors around the world. The Company manages three types of accounts: institutional accounts open-end mutual funds and closed-end funds. The Company’s Institutional accounts for which CNS is the investment adviser represents portfolios of securities it manages for institutional clients. The open-end mutual funds for which the Company is the investment adviser offer and issue new shares continuously as assets are invested and redeem shares when assets are withdrawn. The closed-end funds for which the Company is the investment adviser are registered investment companies that have issued a fixed number of shares through public offerings.