Wall Street brokerages expect Cousins Properties Incorporated (NYSE:CUZ) to post $110.48 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Cousins Properties’ earnings, with estimates ranging from $105.80 million to $114.26 million. Cousins Properties posted sales of $111.43 million in the same quarter last year, which would indicate a negative year over year growth rate of 0.9%. The company is expected to report its next earnings report on Wednesday, February 14th.

According to Zacks, analysts expect that Cousins Properties will report full year sales of $110.48 million for the current year, with estimates ranging from $441.90 million to $466.33 million. For the next financial year, analysts expect that the firm will report sales of $468.03 million per share, with estimates ranging from $446.91 million to $486.56 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Cousins Properties.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.12). The company had revenue of $113.20 million for the quarter, compared to analysts’ expectations of $113.51 million. Cousins Properties had a return on equity of 8.39% and a net margin of 48.08%. The company’s revenue was up 132.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.22 earnings per share.

Several research analysts recently commented on the stock. ValuEngine upgraded shares of Cousins Properties from a “hold” rating to a “buy” rating in a report on Tuesday, October 10th. Zacks Investment Research lowered shares of Cousins Properties from a “buy” rating to a “hold” rating in a report on Monday, October 9th. Bank of America Corporation raised their price target 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. SunTrust Banks, Inc. restated a “buy” rating and issued a $10.00 price target on shares of Cousins Properties in a report on Monday, October 2nd. Finally, Stifel Nicolaus restated a “buy” rating and issued a $10.50 price target on shares of Cousins Properties in a report on Thursday, September 21st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $10.10.

A number of large investors have recently modified their holdings of CUZ. BlackRock Inc. grew its position in Cousins Properties by 7.1% in the second quarter. BlackRock Inc. now owns 54,000,967 shares of the real estate investment trust’s stock valued at $474,666,000 after acquiring an additional 3,602,825 shares in the last quarter. Prudential Financial Inc. grew its position in Cousins Properties by 1,045.9% in the second quarter. Prudential Financial Inc. now owns 3,407,185 shares of the real estate investment trust’s stock valued at $29,949,000 after acquiring an additional 3,109,844 shares in the last quarter. Voya Investment Management LLC grew its position in Cousins Properties by 1,941.7% in the second quarter. Voya Investment Management LLC now owns 2,838,658 shares of the real estate investment trust’s stock valued at $24,951,000 after acquiring an additional 2,699,627 shares in the last quarter. Daiwa Securities Group Inc. grew its position in Cousins Properties by 10.8% in the second quarter. Daiwa Securities Group Inc. now owns 24,258,089 shares of the real estate investment trust’s stock valued at $213,228,000 after acquiring an additional 2,356,643 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Cousins Properties by 124.7% in the second quarter. Goldman Sachs Group Inc. now owns 2,878,281 shares of the real estate investment trust’s stock valued at $25,301,000 after acquiring an additional 1,597,562 shares in the last quarter.

Cousins Properties (NYSE CUZ) opened at $9.07 on Friday. The firm has a market cap of $3,843.19, a PE ratio of 14.52 and a beta of 1.10. Cousins Properties has a 1-year low of $7.80 and a 1-year high of $9.59. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.39.

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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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Earnings History and Estimates for Cousins Properties (NYSE:CUZ)

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