Equities analysts expect that Cousins Properties (NYSE:CUZ) will post $0.15 earnings per share for the current quarter, Zacks reports. Three analysts have made estimates for Cousins Properties’ earnings. Cousins Properties reported earnings per share of $0.16 in the same quarter last year, which suggests a negative year-over-year growth rate of 6.3%. The business is expected to issue its next quarterly earnings report on Thursday, July 26th.
According to Zacks, analysts expect that Cousins Properties will report full year earnings of $0.61 per share for the current fiscal year, with EPS estimates ranging from $0.60 to $0.62. For the next year, analysts anticipate that the company will report earnings of $0.65 per share, with EPS estimates ranging from $0.63 to $0.67. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Cousins Properties.
Cousins Properties (NYSE:CUZ) last released its quarterly earnings data on Wednesday, April 25th. The real estate investment trust reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.01. The business had revenue of $113.35 million for the quarter, compared to analyst estimates of $113.10 million. Cousins Properties had a return on equity of 8.07% and a net margin of 49.63%. The company’s revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.16 EPS.
Several equities analysts have recently weighed in on CUZ shares. ValuEngine lowered Cousins Properties from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. SunTrust Banks set a $10.00 price objective on Cousins Properties and gave the company a “buy” rating in a research note on Wednesday, February 14th. Finally, Wells Fargo started coverage on Cousins Properties in a research note on Friday, April 20th. They issued a “market perform” rating and a $9.50 price objective on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. Cousins Properties presently has a consensus rating of “Hold” and an average price target of $10.00.
Shares of NYSE CUZ traded down $0.05 during midday trading on Friday, hitting $8.66. The stock had a trading volume of 91,433 shares, compared to its average volume of 3,580,279. The firm has a market capitalization of $3.72 billion, a P/E ratio of 14.20, a P/E/G ratio of 3.80 and a beta of 0.92. Cousins Properties has a 1-year low of $8.85 and a 1-year high of $8.95. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.18 and a quick ratio of 2.18.
A number of institutional investors have recently added to or reduced their stakes in CUZ. Centersquare Investment Management LLC acquired a new position in Cousins Properties during the 1st quarter worth approximately $54,502,000. Goldman Sachs Group Inc. lifted its position in Cousins Properties by 263.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 8,443,252 shares of the real estate investment trust’s stock worth $78,100,000 after acquiring an additional 6,122,947 shares in the last quarter. Ceredex Value Advisors LLC acquired a new position in Cousins Properties during the 1st quarter worth approximately $52,049,000. Bank of New York Mellon Corp lifted its position in Cousins Properties by 95.0% during the 4th quarter. Bank of New York Mellon Corp now owns 11,603,704 shares of the real estate investment trust’s stock worth $107,335,000 after acquiring an additional 5,653,879 shares in the last quarter. Finally, Carillon Tower Advisers Inc. acquired a new position in Cousins Properties during the 1st quarter worth approximately $22,828,000.
About Cousins Properties
Cousins Properties Incorporated is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA, acting through its operating partnership, Cousins Properties LP, primarily invests in Class-A office towers located in high growth Sunbelt markets.
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