Cowen Inc. (NASDAQ:COWN) is set to announce second quarter earning results on Tuesday 28th July 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, COWN to report 2Q20 income of $ 4.76 per share.
For the full year, analysts anticipate top line of $ 1220.29 million, while looking forward to income of $ 5.83 per share bottom line.
Previous Quarter Performance
Cowen Inc. reported loss for the first quarter of $ 0.24 per share, from the revenue of $ 210.91 million. The quarterly revenues dropped 9.66 percent compared with the same quarter last year. The consensus estimates are income of $ 0.14 per share from $ 209.71 million in revenue. The bottom line results missed street analysts by $ 0.38 or 271.43 percent, at the same time, top line results outshined analysts by $ 1.20 million or 0.57 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of COWN was $ 17.81, representing a 209.74 % increase from the 52 week low of $ 5.75 and a 2.89 % decrease over the 52 week high of $ 18.34.
The company has a market capital of $ 493.13 million and is part of the Financial Services sector and Capital Markets industry.
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Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.04 per share on April 24, 2020. The dividend were payable on June 15, 2020 to holders of record as of the close of business on June 1, 2020 and ex-dividend date on May 29, 2020.
Conference Call
Cowen Inc. will be hosting a conference call at 9:00 AM eastern time on 28th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.cowen.com
Cowen Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides alternative investment management, investment banking, research, and sales and trading services for its clients.
