Cohen & Steers, Inc. (NYSE:CNS) is scheduled to report Q4 earnings results after the market closes on Wednesday, January 22, 2020. The company plans to host a conference call on Thursday, January 23, 2020, at 10:00 a.m. (ET).
The company is expected to report earnings of $0.67/share on revenue of $108.4 million. The consensus earnings per share (EPS) of $0.67/share is based on a poll of 4 analysts and represents a growth of 19.6% over the same quarter last year when the company reported earnings of $0.56/share.
The revenue forecast of $108.4 million based on a poll of 2 analysts implies a year-over-year (YoY) growth of 15.4%. Last year the company reported $93.906 million in revenue for the quarter.
|Metric||Expected||Prior Year||YoY Change|
Earnings Call Trends
Historically, management has exceeded analyst expectations 5 out of the last 8 tracked quarters, and missed expectations 3 quarters.
What are your expectations from Cohen & Steers for earnings this quarter? Let us know in the comments!
In the following table, we summarize the company’s stock price movements after earnings releases. The “Price Day Prior” column shows the closing stock price on the day before the earnings report, and the “Price Next Day” column shows the stock price at the end of the trading day after the earnings report.
After the last earnings report for the period ending September 30, 2019, the stock price reacted by increasing by 6.2%.
|Report Date||Price Day Prior||Price Next Day||Change %||Result|
Fundamentals And Technical Analysis
Cohen & Steers is currently trading at $66.17/share, up 0.0% for the day. The company is trading at approximately 97.0% of its 52-week high of $68.23/share. The company’s stock price is up 6.4% since the last earnings report and up 2.5% over the previous week.
The company’s 14 Day Relative Price Index (RSI) of 61.29 suggests the company is trading in technically neutral territory. The RSI is considered overbought when above 70 and oversold when below 30.
The current share price implies a price-to-earnings (P/E) multiple of 23.3x and a forward P/E multiple of 26.0x. Cohen & Steers’s current share price also implies a price-to-book (P/B) multiple of 11.2x. The following table summarizes some other key fundamental ratios:
|Last Fiscal Period||FY2019.Q3|
|Period End Date||September 30, 2019|
|Stock Price (Current)||$66.17|
|P/E Ratio (Fwd)||26.0x|
|Total Debt to Capital (%)||1.4%|
|Levered Free Cash Flow||$103.9 million|
|Enterprise Value / EBITDA||20.2x|
Company Profile: Cohen & Steers, Inc.
Cohen & Steers, Inc. is a mid-cap stock with a market capitalization of $3.125 billion and a total enterprise value of $3.079 billion. The company operates in the Financial sector and the Capital Markets industry.
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. The firm launches and manages equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries. Through its subsidiaries, it also launches and manages hedge funds.
The firm invests in public equity, fixed income, and commodity markets across the globe through its subsidiaries. Through its subsidiaries, it invests in companies operating in the real estate sector, including real estate investment trusts, infrastructure sector, and natural energy resources sector for its equity and fixed-income investments.
The firm also invests in preferred securities for its fixed-income investments through its subsidiaries.
Cohen & Steers, Inc. was founded in 1986 and is based in New York, with additional offices in London, United Kingdom; Central, Hong Kong; Tokyo, Japan; and Seattle, Washington.