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Cowen Inc. (COWN)

Stock Price: $19.21 USD 0.26 (1.37%)
Updated Oct 23, 2020 4:00 PM EDT - Market closed

Stock Price Chart

Key Info

Market Cap 531.61M
Revenue (ttm) 1.08B
Net Income (ttm) 112.95M
Shares Out 27.67M
EPS (ttm) 3.50
PE Ratio 5.49
Forward PE n/a
Dividend $0.16
Dividend Yield 0.83%

Stock Quote

Trading Day Oct 23, 2020
Last Price $19.21
Previous Close $18.95
Change ($) 0.26
Change (%) 1.37%
Day's Open 19.01
Day's Range 18.92 - 19.35
Day's Volume 230,548
52-Week Range 5.75 - 20.35

More Stats

Market Cap 531.61M
Enterprise Value 1.08B
Earnings Date (est) Oct 27, 2020
Ex-Dividend Date Aug 31, 2020
Shares Outstanding 27.67M
Float 25.57M
EPS (basic) 3.79
EPS (diluted) 3.50
FCF / Share 6.24
Dividend $0.16
Dividend Yield 0.83%
Earnings Yield 18.22%
FCF Yield 32.84%
Payout Ratio 2.10%
Shares Short 3.67M
Short Ratio 8.67
Short % of Float 14.35%
Beta 1.56
PE Ratio 5.49
Forward PE n/a
P/FCF Ratio 3.04
PS Ratio 0.49
PB Ratio 0.58
Revenue 1.08B
Operating Income -39.36M
Net Income 112.95M
Free Cash Flow 174.61M
Net Cash -550.16M
Net Cash / Share -19.88
Gross Margin 58.62%
Operating Margin -3.65%
Profit Margin 9.90%
FCF Margin 16.20%
ROA 2.13%
ROE 9.43%
ROIC 3.00%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (4)

Buy 4
Overweight 0
Hold 0
Underweight 0
Sell 0

Analyst Consensus: Buy

Price Target

$22.50*
(17.13% upside)
Low
22.0
Current: $19.21
High
23.0
Target: 22.50
*Average 12-month price target from 4 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue881863598442465428329242235234
Revenue Growth2.09%44.32%35.18%-4.8%8.6%30.21%36.02%2.65%0.63%-
Gross Profit777753522410437404306221219216
Operating Income-63.45-21.61-88.98-69.12-12.48-18.88-4.75-73.23-131-94.08
Net Income24.6342.82-60.88-19.2843.731674.65-23.89-108-45.42
Shares Outstanding29.5329.5529.4926.8627.5228.7329.1828.6023.8818.29
Earnings Per Share0.571.17-2.29-0.971.375.600.16-0.84-4.52-2.48
EPS Growth-51.28%----75.54%3400%----
Operating Cash Flow-1803243.40-352-68.61-63.78151-104233-51.55
Capital Expenditures-14.88-8.591.86-15.61-7.03-2.22-1.14-1.90-6.54-5.85
Free Cash Flow-1953165.26-367-75.64-66.01149-106226-57.41
Cash & Equivalents43947426813017213056.7787.1012943.56
Total Debt1,037593657474448393137348569422
Net Cash / Debt-597-119-389-344-276-263-80.41-261-440-378
Assets5,1623,3463,2962,0191,7882,4061,8421,6381,5361,247
Liabilities3,8672,2702,1088678111,6421,2481,058923654
Book Value810794748773790678508495508449
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Cowen Inc.
Country United States
Employees 1,325
CEO Jeffrey Marc Solomon

Stock Information

Ticker Symbol COWN
Stock Exchange NASDAQ
Sector Financial Services
Industry Capital Markets
Unique Identifier NASDAQ: COWN

Description

Cowen, together with its subsidiaries, provides investment banking, research, sales and trading, prime brokerage, global clearing, 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). The company offers public and private capital raising, and strategic advisory services for public and private companies. It also trades common stocks, listed options, equity-linked securities, and other financial instruments on behalf of institutional investor clients, as well as offers a suite of prime brokerage, cross-asset trading, securities finance, global execution, clearing, and commission management services. In addition, the company provides research content and coverage. Further, it offers investment products and solutions in the liquidity spectrum to institutional and private clients. Additionally, the company is involved in the private investment, private real estate investment, and other legacy investment activities. Cowen Inc. was founded in 1918 and is headquartered in New York, New York.