Cousins Properties Incorporated (CUZ) Expected to Announce Earnings of $0.15 Per Share
Equities research analysts expect Cousins Properties Incorporated (NYSE:CUZ) to report earnings per share of $0.15 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Cousins Properties’ earnings. The highest EPS estimate is $0.15 and the lowest is $0.14. Cousins Properties reported earnings of $0.11 per share during the same quarter last year, which indicates a positive year over year growth rate of 36.4%. The business is scheduled to issue its next earnings report on Wednesday, February 14th.
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 year, analysts anticipate that the business will report earnings of $0.64 per share, with EPS estimates ranging from $0.60 to $0.67. Zacks’ EPS calculations are an average based on a survey of analysts that cover Cousins Properties.
Cousins Properties (NYSE:CUZ) last released its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.12). Cousins Properties had a net margin of 48.08% and a return on equity of 8.39%. The company had revenue of $113.20 million for the quarter, compared to the consensus estimate of $113.51 million. During the same period in the prior year, the firm posted $0.22 EPS. The business’s revenue for the quarter was up 132.4% on a year-over-year basis.
CUZ has been the subject of a number of research reports. BidaskClub cut shares of Cousins Properties from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $10.50 target price on shares of Cousins Properties in a report on Thursday, September 21st. Zacks Investment Research cut shares of Cousins Properties from a “buy” rating to a “hold” rating in a report on Monday, October 9th. Bank of America Corporation upped their target price on shares of Cousins Properties from $9.50 to $10.00 and gave the company a “neutral” rating in a report on Tuesday, October 3rd. Finally, ValuEngine raised shares of Cousins Properties from a “hold” rating to a “buy” rating in a report on Tuesday, October 10th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Cousins Properties currently has an average rating of “Buy” and a consensus price target of $10.10.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Scout Investments Inc. raised its holdings in Cousins Properties by 66.9% during the third quarter. Scout Investments Inc. now owns 2,623,707 shares of the real estate investment trust’s stock worth $24,505,000 after purchasing an additional 1,051,965 shares in the last quarter. Principal Financial Group Inc. grew its position in Cousins Properties by 0.7% during the third quarter. Principal Financial Group Inc. now owns 1,793,351 shares of the real estate investment trust’s stock worth $16,749,000 after buying an additional 12,465 shares during the period. Keybank National Association OH grew its position in Cousins Properties by 52.3% during the third quarter. Keybank National Association OH now owns 123,631 shares of the real estate investment trust’s stock worth $1,155,000 after buying an additional 42,465 shares during the period. State of Tennessee Treasury Department acquired a new position in Cousins Properties during the third quarter worth about $2,802,000. Finally, Stevens Capital Management LP grew its position in Cousins Properties by 109.1% during the third quarter. Stevens Capital Management LP now owns 327,037 shares of the real estate investment trust’s stock worth $3,055,000 after buying an additional 170,672 shares during the period.
Cousins Properties (CUZ) opened at $9.01 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.39. The stock has a market cap of $3.79 billion, a P/E ratio of 14.32 and a beta of 1.10.
The company also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Investors of record on Monday, October 2nd were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, September 29th. This represents a $0.24 annualized dividend and a yield of 2.66%. Cousins Properties’s dividend payout ratio is currently 44.44%.
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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