Cousins Properties Inc (NYSE:CUZ) Expected to Announce Earnings of $0.74 Per Share

Posted by Scott Davis on Dec 3rd, 2019

Wall Street brokerages expect that Cousins Properties Inc (NYSE:CUZ) will report earnings of $0.74 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Cousins Properties’ earnings. The highest EPS estimate is $0.75 and the lowest is $0.72. Cousins Properties posted earnings per share of $0.68 during the same quarter last year, which would suggest a positive year over year growth rate of 8.8%. The company is expected to issue its next quarterly earnings report on Wednesday, February 5th.

According to Zacks, analysts expect that Cousins Properties will report full-year earnings of $2.96 per share for the current fiscal year, with EPS estimates ranging from $2.95 to $2.97. For the next year, analysts expect that the firm will post earnings of $2.82 per share, with EPS estimates ranging from $2.81 to $2.83. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Cousins Properties.

Cousins Properties (NYSE:CUZ) last posted its earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.55). Cousins Properties had a return on equity of 1.55% and a net margin of 9.50%. The business had revenue of $180.83 million during the quarter, compared to the consensus estimate of $174.03 million. During the same period in the previous year, the business earned $0.15 earnings per share. The firm’s revenue for the quarter was up 56.3% compared to the same quarter last year.

Several analysts recently weighed in on the stock. Zacks Investment Research cut shares of Cousins Properties from a “hold” rating to a “sell” rating and set a $39.00 price target on the stock. in a report on Thursday, September 12th. Wells Fargo & Co upgraded shares of Cousins Properties from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $38.00 to $42.00 in a report on Thursday, September 19th. TheStreet upgraded shares of Cousins Properties from a “c” rating to a “b-” rating in a report on Tuesday, November 12th. Finally, Stifel Nicolaus set a $42.00 target price on shares of Cousins Properties and gave the stock a “buy” rating in a research report on Friday, October 25th. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $33.50.

Shares of CUZ traded down $0.05 during mid-day trading on Tuesday, hitting $40.04. 9,912 shares of the company’s stock traded hands, compared to its average volume of 627,074. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $5.94 billion, a P/E ratio of 15.89, a PEG ratio of 2.84 and a beta of 0.91. The business’s 50-day moving average price is $39.35 and its 200-day moving average price is $32.43. Cousins Properties has a 1 year low of $30.12 and a 1 year high of $41.01.

Hedge funds have recently modified their holdings of the stock. Amundi Pioneer Asset Management Inc. lifted its stake in shares of Cousins Properties by 15.1% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 546,475 shares of the real estate investment trust’s stock worth $5,279,000 after acquiring an additional 71,807 shares during the last quarter. Commonwealth Equity Services LLC bought a new position in Cousins Properties in the 2nd quarter valued at approximately $880,000. AE Wealth Management LLC purchased a new stake in Cousins Properties during the 2nd quarter valued at $756,000. FNY Investment Advisers LLC purchased a new stake in Cousins Properties during the 2nd quarter valued at $80,000. Finally, First Quadrant L P CA boosted its stake in Cousins Properties by 1,882.6% during the 2nd quarter. First Quadrant L P CA now owns 40,208 shares of the real estate investment trust’s stock valued at $1,454,000 after purchasing an additional 38,180 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors.

About Cousins Properties

Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office towers located in high-growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing and management of high-quality real estate assets.

Cousins Properties Inc (NYSE:CUZ) Expected to Announce Earnings of $0.74 Per Share

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