Earnings from Cohen & Steers Inc. [CNS] are scheduled on April 21, 2021, after the market closes. It is expected that the company will report strong earnings for the quarter ending Mar 2021.
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CNS Stock Earnings Outlook For The Current Quarter
The consensus estimates for the quarter suggest that the company would earn $0.77 per share on revenue of $120.62M. Taking a look at the future, the company is projected to report revenue of $125.88M at an earnings per share of $0.84 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 12.00% in revenue and 12.43% in earnings per share for the company.
CNS Stock Earnings Forecast For The Current Year
For the full financial year, Cohen & Steers Inc. [NYSE:CNS] is forecasted to generate revenue of $513.21M. The figure is about $85.67 million above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $3.34 in 2021, which is $0.77 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 30.00% this year, 12.30% next year, and 19.70% annually over the next five years. With regard to sales, forecasts suggest an incline of 20.00% in current fiscal year and 12.00% over following year.
CNS Stock Price Performance
At recent check today, Cohen & Steers Inc. [NYSE:CNS] finished up 0.90% at $67.38. The stock’s day high price was $67.19, and its lowest was $65.98. Its price rose 0.57% in the last five days. Since the beginning of the year, Cohen & Steers Inc.’s shares are down nearly -10.12%. However, the share price is -14.51% below its one year high. The top price reached by the shares of the company was $75.18 on 01/14/21, while the 52-week low came on 03/25/21, when the shares were $62.43. In the past year, shares of the company have risen 42.88%. At 50 days, the moving average achieved is $66.49 while at 200 days, the moving average is $65.37. There were 12856.0 shares traded in the last session, down from 83700.0 in the previous session.
Cohen & Steers Inc. [NYSE:CNS] Stock Valuation Metrics
With a prevailing 12-month PE ratio of 42.43, Cohen & Steers Inc. [CNS] does not qualify as a good candidate for the list of underestimated low-priced stocks that should be purchased sooner rather than later. By this measure, the company’s stock is trading at a premium to the industry average of 18.34 times trailing earnings. Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 7.55 PS value ratio is reported for the last one year of reported earnings. This is below the average return 9.93 for the industry, which means CNS offers an attractive investment opportunity than its competitors do.
CNS Share Price Support And Resistance Levels
Based on the daily chart, the immediate backing lies around the 67.49 level, and the violation of this level will cause a further drop to 66.11 level. At the upper end, 68.53 remains a key resistance. As the stock increases, it may find resistance at 67.86. In the 14-day chart, the Relative Strength Index standing at 53.79 suggests a technical neutral stance while the MACD standing at 0.20 indicates price will decrease in the next trading period. Stochastic %K at 64.62% suggests holding the stock while Percent R indicator at 18.24% suggests bullish price movement.
How much is the short interest in Cohen & Steers Inc.?
There have been a drop in short interest in the Cohen & Steers Inc. Financial stock, with short interest up by 0.18 million shares to 0.33 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 0.51 million shares. This -53.71% decrease suggests some bullish sentiment was experienced by the stock. Shorted shares accounted for just 2.09% of the overall float in the stock, while the stock’s days to cover moved to 3.22.
How do analysts view Cohen & Steers Inc.?
In regard to the share price forecast for Cohen & Steers Inc. stock, the analysts, as surveyed by FactSet, forecast the price to reach $78.00 in the next twelve months, representing almost an 13.62% growth from its recent price of $67.38. Among Cohen & Steers Inc. stock projections, $83.00 is the highest analyst target for the stock, while $74.00 is the lowest. Despite this, 5 analysts who share their consensus rating for CNS in 2021 agree that the stock is an Overweight. The latest rating change took place on 11/19/20, when B of A Securities Ratings upgraded the stock from “Neutral” to “Buy.”