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Cohen & Company Inc (COHN)
NYSE MKT:COHN
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Earnings Data
Report Date
Mar 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: 23.33%
|Next Earnings Date:Mar 05, 2025
Earnings Call Sentiment|Positive
The earnings call revealed a strong performance in advisory revenue and an improvement in adjusted pretax income, highlighting the company's resilience despite some challenges with volatility and negative principal transaction revenue. The declaration of a dividend further underscores a positive outlook.Company Guidance
During Cohen & Company's third quarter 2024 earnings call, guidance emphasized strong performance, particularly from Cohen & Company Capital Markets (CCM), which generated $20.4 million in advisory revenue and led one SPAC IPO. The company highlighted a year-to-date improvement in adjusted pretax income by $26.5 million compared to 2023, despite unfavorable mark-to-market adjustments on its principal investment portfolio. Net income for the quarter was reported at $2.2 million or $1.31 per diluted share, reversing a previous quarter's net loss of $2.3 million. New issue and advisory revenue rose to $22.5 million, reflecting a $16 million increase from the second quarter. However, a negative $1.7 million impact on principal transactions revenue was noted due to declining SPAC equity values. The company's financial position showed total equity at $100.6 million, with plans to pay a $0.25 per share dividend, indicating continued confidence in sustaining long-term stockholder value.Strong Advisory Revenue from Cohen & Company Capital Markets
CCM generated $20.4 million of advisory revenue and acted as lead book runner on 1 SPAC IPO, with a robust pipeline expected to continue delivering results through the year.
Improved Adjusted Pretax Income
The adjusted pretax income improved by $26.5 million year-to-date versus 2023, despite adverse mark-to-market adjustments.
Significant Increase in New Issue and Advisory Revenue
New issue and advisory revenue was $22.5 million in the third quarter, an increase of $16 million from the second quarter and $15.2 million from the year-ago quarter.
Quarterly Dividend Declared
A quarterly dividend of $0.25 per share was declared, payable on December 5, 2024, maintaining commitment to shareholder returns.
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COHN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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COHN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $8.26 | $9.70 | +17.43% |
| Aug 05, 2024 | $9.04 | $8.75 | -3.21% |
| May 06, 2024 | $6.28 | $7.06 | +12.42% |
| Mar 06, 2024 | $5.73 | $6.96 | +21.47% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Cohen & Company Inc (COHN) report earnings?
Cohen & Company Inc (COHN) is schdueled to report earning on Mar 05, 2025, TBA Not Confirmed.
What is Cohen & Company Inc (COHN) earnings time?
Cohen & Company Inc (COHN) earnings time is at Mar 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is COHN EPS forecast?
Currently, no data Available
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