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Cohen & Steers(CNS) - 2025 Q2 - Earnings Call Presentation
2025-07-18 14:00
Assets Under Management (AUM) - Ending AUM increased to $88.9 billion as of June 30, 2025, compared to $87.6 billion as of March 31, 2025[2] - Average AUM for Q2 2025 was $87.2 billion, up from $86.8 billion in Q1 2025[2] - Market appreciation contributed $2.3 billion to AUM in Q2 2025, compared to $2.1 billion in Q1 2025[2] Flows - The company experienced net outflows of $131 million in Q2 2025, a shift from net inflows of $222 million in Q1 2025[2] - Open-end funds and closed-end funds saw net inflows, while advisory and subadvisory experienced net outflows[2] - Total firm net flows were -$0.1 billion in Q2 2025, representing an organic decay of -0.6%[18] Financial Performance (As Adjusted) - Net income was $37.3 million in Q2 2025, slightly lower than $38.4 million in Q1 2025[2] - Diluted EPS was $0.73 in Q2 2025, compared to $0.75 in Q1 2025[2] - Operating margin was 33.6% in Q2 2025, a decrease from 34.7% in Q1 2025[2] - Revenue reached $135.3 million in Q2 2025, compared to $133.8 million in Q1 2025[4] - Expenses totaled $89.9 million in Q2 2025, up from $87.3 million in Q1 2025[4] Revenue Breakdown (As Adjusted) - Open-end fund fees generated $69.9 million in revenue in Q2 2025[8] - Institutional fees contributed $32.8 million in revenue in Q2 2025[8] - Closed-end fund fees accounted for $24.9 million in revenue in Q2 2025[8] Expense Breakdown (As Adjusted) - Employee compensation and benefits amounted to $54.8 million in Q2 2025[11] - Distribution and service fees were $15.7 million in Q2 2025[11] - General and administrative expenses totaled $17.0 million in Q2 2025[11] Investment Performance - 94% of total AUM was in outperforming strategies over the 1-year period as of June 30, 2025[32] - 90% of total AUM was in outperforming strategies over the 10-year period as of June 30, 2025[32] - 96% of U S open-end fund AUM was rated 4 or 5 stars by Morningstar[32]
X @BBC News (World)
BBC News (World)· 2025-07-17 23:10
Spud-tacular: How India became a french fry superpower https://t.co/YnU2LdAb6C ...
X @Bloomberg
Bloomberg· 2025-07-17 23:09
BHP Group, the world’s largest miner, said output of key revenue-earner iron ore rose 2% in its latest quarter compared with the year before https://t.co/LssH6ffKKw ...
X @The Wall Street Journal
European vintners are turning to ancient methods, using clay amphorae and forgotten grapes to adapt to climate change and market demand https://t.co/a967K9krvb ...
BIOHAVEN ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Biohaven Ltd.
GlobeNewswire News Room· 2025-07-17 23:02
Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In Biohaven (BHVN) To Contact Him Directly To Discuss Their Options If you purchased or acquired securities in Biohaven between March 24, 2023 and May 14, 2025 and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Marion Passmore directly at (212) 355-4648. NEW YORK, July 17, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholde ...
X @Avalanche🔺
Avalanche🔺· 2025-07-17 23:01
It's time for a @playoffthegrid stream with @CryptoStache and his @GIA_Agents.And you're invited.https://t.co/0PfNt9n5GL ...
Core & Main (CNM) Outperforms Broader Market: What You Need to Know
ZACKS· 2025-07-17 23:00
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Core & Main is currently a Zacks Rank #3 (Hold). In terms of valuation, Core & Main is presently being traded at a Forward P/E ratio of 24.64. This signifies a premium in comparison to the average Forward P/E of 17.6 ...
MicroStrategy (MSTR) Stock Dips While Market Gains: Key Facts
ZACKS· 2025-07-17 22:50
Company Performance - MicroStrategy (MSTR) closed at $451.34, down 1% from the previous trading session, underperforming the S&P 500 which gained 0.54% [1] - Over the past month, MicroStrategy's shares increased by 23.54%, outperforming the Computer and Technology sector's gain of 5.77% and the S&P 500's gain of 4.2% [1] Upcoming Earnings - The upcoming earnings report for MicroStrategy is scheduled for July 31, 2025, with an expected EPS of -$0.12, representing an 84.21% improvement from the prior-year quarter [2] - Revenue is projected to be $112.15 million, reflecting a 0.64% increase from the prior-year quarter [2] Fiscal Year Estimates - For the entire fiscal year, the Zacks Consensus Estimates predict an EPS of -$15.73 and revenue of $466.5 million, indicating changes of -134.08% and +0.66% respectively from the previous year [3] - Recent adjustments to analyst estimates are important as they reflect near-term business trends, with positive revisions indicating a favorable business outlook [3][4] Valuation Metrics - MicroStrategy's current Forward P/E ratio is 62.45, which is a premium compared to the industry average Forward P/E of 26.54 [6] - The Computer - Software industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 33, placing it in the top 14% of over 250 industries [6] Zacks Rank - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks MicroStrategy at 3 (Hold) [5] - The consensus EPS projection for MicroStrategy has remained stagnant over the past 30 days [5]
X @BSCN
BSCN· 2025-07-17 22:50
RT BSCN (@BSCNews)WILL WE EVER SEE $10 $PI COIN? In-depth analysis of @PiCoreTeam's future potential, and realistic price goals... 👇 https://t.co/Ro6EPo6Jst ...
Cameco (CCJ) Rises Higher Than Market: Key Facts
ZACKS· 2025-07-17 22:50
Company Performance - Cameco (CCJ) closed at $77.91, reflecting a +2.26% increase from the previous day, outperforming the S&P 500's daily gain of 0.54% [1] - The stock has risen by 9.36% over the past month, contrasting with the Basic Materials sector's slight loss of 0.05% and the S&P 500's gain of 4.2% [1] Upcoming Earnings - Analysts expect Cameco to report earnings of $0.36 per share, indicating a year-over-year growth of 260% [2] - The consensus estimate for revenue is $681.82 million, representing a 56% increase compared to the same quarter last year [2] Full Year Estimates - For the full year, analysts anticipate earnings of $1.09 per share and revenue of $2.51 billion, reflecting changes of +122.45% and +10.16% respectively from the previous year [3] Analyst Forecast Revisions - Recent revisions to analyst forecasts for Cameco are important as they reflect short-term business trends, with positive revisions indicating confidence in business performance [4] Zacks Rank and Stock Performance - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), shows Cameco currently holds a rank of 3 (Hold) [6] - Over the past month, there has been a 2.42% rise in the Zacks Consensus EPS estimate [6] Valuation Metrics - Cameco is trading with a Forward P/E ratio of 70.08, which is a premium compared to the industry average Forward P/E of 21.65 [7] - The Mining - Miscellaneous industry, part of the Basic Materials sector, currently ranks in the bottom 41% of all industries according to the Zacks Industry Rank [7]