Cowen (COWN) Scheduled to Post Earnings on Friday

Cowen (NASDAQ:COWNGet Rating) is scheduled to be posting its quarterly earnings results before the market opens on Friday, April 29th. Analysts expect Cowen to post earnings of $0.61 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Cowen (NASDAQ:COWNGet Rating) last announced its earnings results on Wednesday, February 16th. The financial services provider reported $2.77 EPS for the quarter, topping the consensus estimate of $1.97 by $0.80. The company had revenue of $453.99 million during the quarter, compared to analysts’ expectations of $412.52 million. Cowen had a net margin of 15.11% and a return on equity of 27.07%. During the same period last year, the company posted $4.58 earnings per share. On average, analysts expect Cowen to post $5 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Shares of COWN opened at $24.34 on Friday. Cowen has a twelve month low of $21.45 and a twelve month high of $44.07. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.71 and a current ratio of 0.71. The firm’s 50 day moving average price is $26.97 and its 200 day moving average price is $32.50. The firm has a market cap of $668.35 million, a PE ratio of 2.78 and a beta of 1.43.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Tuesday, March 1st were paid a $0.12 dividend. This is an increase from Cowen’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Monday, February 28th. This represents a $0.48 annualized dividend and a dividend yield of 1.97%. Cowen’s dividend payout ratio (DPR) is presently 5.49%.

A number of equities research analysts have weighed in on the stock. JMP Securities decreased their price target on shares of Cowen from $62.00 to $59.00 and set a “market outperform” rating on the stock in a research note on Thursday, April 7th. The Goldman Sachs Group cut their price objective on Cowen from $29.00 to $25.00 and set a “sell” rating for the company in a report on Tuesday, April 12th. StockNews.com assumed coverage on Cowen in a report on Thursday, March 31st. They issued a “hold” rating for the company. Piper Sandler dropped their price objective on Cowen from $71.00 to $55.00 and set an “overweight” rating for the company in a report on Friday, April 8th. Finally, Zacks Investment Research cut Cowen from a “buy” rating to a “strong sell” rating in a report on Tuesday, April 12th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Cowen has a consensus rating of “Hold” and a consensus price target of $45.75.

In other news, Director Brett H. Barth acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, February 23rd. The shares were purchased at an average cost of $28.78 per share, with a total value of $287,800.00. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Lorence H. Kim bought 30,000 shares of the firm’s stock in a transaction on Friday, February 25th. The stock was purchased at an average cost of $30.03 per share, for a total transaction of $900,900.00. The disclosure for this purchase can be found here. Corporate insiders own 4.20% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of COWN. Cubist Systematic Strategies LLC lifted its position in shares of Cowen by 421.9% during the 4th quarter. Cubist Systematic Strategies LLC now owns 58,021 shares of the financial services provider’s stock valued at $2,095,000 after acquiring an additional 46,903 shares during the period. Vident Investment Advisory LLC grew its position in Cowen by 3.2% during the fourth quarter. Vident Investment Advisory LLC now owns 54,914 shares of the financial services provider’s stock valued at $1,982,000 after buying an additional 1,724 shares during the period. California State Teachers Retirement System lifted its holdings in Cowen by 4.5% during the fourth quarter. California State Teachers Retirement System now owns 36,564 shares of the financial services provider’s stock valued at $1,320,000 after purchasing an additional 1,588 shares during the last quarter. Norges Bank purchased a new stake in Cowen during the fourth quarter valued at about $1,227,000. Finally, Credit Suisse AG lifted its holdings in shares of Cowen by 20.4% in the fourth quarter. Credit Suisse AG now owns 22,158 shares of the financial services provider’s stock worth $800,000 after buying an additional 3,756 shares in the last quarter. Hedge funds and other institutional investors own 93.55% of the company’s stock.

About Cowen (Get Rating)

Cowen Inc, together with its subsidiaries, provides investment banking, research, sales and trading, prime brokerage, global clearing, securities financing, commission management, and investment management services in the United States and internationally. It operates in two segments, Operating Company (Op Co) and Asset Company (Asset Co).

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Earnings History for Cowen (NASDAQ:COWN)

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