$0.15 Earnings Per Share Expected for Cousins Properties Incorporated (CUZ) This Quarter
Analysts expect Cousins Properties Incorporated (NYSE:CUZ) to announce earnings of $0.15 per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Cousins Properties’ earnings. The lowest EPS estimate is $0.14 and the highest is $0.15. Cousins Properties posted earnings of $0.06 per share in the same quarter last year, which would suggest a positive year over year growth rate of 150%. The firm is expected to report its next earnings report on Tuesday, November 7th.
On average, analysts expect that Cousins Properties will report full-year earnings of $0.61 per share for the current financial year, with EPS estimates ranging from $0.60 to $0.62. For the next financial year, analysts expect that the firm will post earnings of $0.65 per share, with EPS estimates ranging from $0.61 to $0.67. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Cousins Properties.
Cousins Properties (NYSE:CUZ) last released its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.16 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.01. The firm had revenue of $119 million for the quarter, compared to analyst estimates of $114.68 million. Cousins Properties had a net margin of 49.99% and a return on equity of 9.37%. The company’s revenue for the quarter was up 146.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.21 earnings per share.
A number of equities research analysts have recently weighed in on the stock. BidaskClub upgraded shares of Cousins Properties from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. Stifel Nicolaus upgraded shares of Cousins Properties from a “hold” rating to a “buy” rating and raised their price target for the company from $8.50 to $10.50 in a research note on Tuesday, August 1st. ValuEngine downgraded shares of Cousins Properties from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Robert W. Baird upgraded shares of Cousins Properties from a “neutral” rating to an “outperform” rating and raised their price target for the company from $9.00 to $10.00 in a research note on Tuesday, May 16th. Finally, Zacks Investment Research upgraded shares of Cousins Properties from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Wednesday, July 5th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $10.17.
Cousins Properties (CUZ) opened at 9.19 on Friday. The firm has a market capitalization of $3.86 billion, a price-to-earnings ratio of 14.75 and a beta of 1.06. The firm has a 50-day moving average of $9.14 and a 200-day moving average of $8.69. Cousins Properties has a 52-week low of $7.09 and a 52-week high of $11.12.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio boosted its stake in shares of Cousins Properties by 6.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 502,398 shares of the real estate investment trust’s stock valued at $4,416,000 after purchasing an additional 30,377 shares in the last quarter. Ameritas Investment Partners Inc. boosted its stake in shares of Cousins Properties by 3.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 226,271 shares of the real estate investment trust’s stock valued at $1,989,000 after purchasing an additional 8,304 shares in the last quarter. California State Teachers Retirement System boosted its stake in shares of Cousins Properties by 4.0% in the 2nd quarter. California State Teachers Retirement System now owns 741,020 shares of the real estate investment trust’s stock valued at $6,514,000 after purchasing an additional 28,389 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Cousins Properties by 8.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 923,372 shares of the real estate investment trust’s stock valued at $8,117,000 after purchasing an additional 68,937 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Cousins Properties in the 2nd quarter valued at approximately $222,000.
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Cousins Properties Company Profile
Cousins Properties Incorporated is a self-administered and self-managed real estate investment trust. The Company’s segments include Office, Mixed-Use, Other, Atlanta, Austin, Charlotte, Orlando, Tampa, Phoenix and Other. It develops, acquires, leases, manages and owns primarily Class A office properties and opportunistic mixed-use developments in Sunbelt markets with a focus on Georgia, Texas and North Carolina.
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