Analysts expect that Cousins Properties Inc (NYSE:CUZ) will report earnings of $0.69 per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Cousins Properties’ earnings. The lowest EPS estimate is $0.67 and the highest is $0.70. Cousins Properties reported earnings of $0.64 per share in the same quarter last year, which would suggest a positive year over year growth rate of 7.8%. The firm is scheduled to announce its next earnings results after the market closes on Wednesday, October 23rd.
On average, analysts expect that Cousins Properties will report full-year earnings of $2.89 per share for the current financial year, with EPS estimates ranging from $2.88 to $2.93. For the next fiscal year, analysts forecast that the business will report earnings of $2.80 per share, with EPS estimates ranging from $2.76 to $2.90. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Cousins Properties.
Cousins Properties (NYSE:CUZ) last released its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.01). Cousins Properties had a return on equity of 1.71% and a net margin of 10.61%. The firm had revenue of $134.93 million during the quarter, compared to analysts’ expectations of $150.56 million. During the same period in the prior year, the business earned $0.15 earnings per share. The business’s quarterly revenue was up 18.0% compared to the same quarter last year.
Hedge funds have recently added to or reduced their stakes in the company. Pflug Koory LLC purchased a new stake in shares of Cousins Properties during the second quarter worth about $25,000. Edge Wealth Management LLC purchased a new stake in Cousins Properties during the 2nd quarter valued at about $26,000. Creative Financial Designs Inc. ADV purchased a new stake in Cousins Properties during the 2nd quarter valued at about $26,000. Penserra Capital Management LLC purchased a new stake in Cousins Properties during the 1st quarter valued at about $36,000. Finally, Legacy Bridge LLC purchased a new stake in Cousins Properties during the 2nd quarter valued at about $36,000. 94.03% of the stock is owned by institutional investors and hedge funds.
Shares of CUZ traded down $0.60 during trading hours on Thursday, hitting $36.99. The company had a trading volume of 993,514 shares, compared to its average volume of 1,709,078. Cousins Properties has a 52-week low of $30.12 and a 52-week high of $40.40. The firm has a market cap of $5.51 billion, a P/E ratio of 14.68, a P/E/G ratio of 3.87 and a beta of 0.90. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.42. The stock’s 50 day moving average price is $35.38 and its 200 day moving average price is $23.48.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Thursday, October 3rd will be issued a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.16 dividend on an annualized basis and a yield of 3.14%. Cousins Properties’s payout ratio is 46.03%.
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.
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