Brokerages expect Cousins Properties Inc (NYSE:CUZ) to post earnings per share (EPS) of $0.16 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Cousins Properties’ earnings. The lowest EPS estimate is $0.15 and the highest is $0.16. Cousins Properties reported earnings per share of $0.15 during the same quarter last year, which indicates a positive year over year growth rate of 6.7%. The firm is scheduled to announce its next earnings results on Wednesday, February 6th.
On average, analysts expect that Cousins Properties will report full-year earnings of $0.62 per share for the current fiscal year, with EPS estimates ranging from $0.61 to $0.62. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.64 per share, with EPS estimates ranging from $0.63 to $0.64. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Cousins Properties.
Cousins Properties (NYSE:CUZ) last released its earnings results on Wednesday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. The business had revenue of $116.60 million during the quarter, compared to the consensus estimate of $115.91 million. Cousins Properties had a net margin of 19.01% and a return on equity of 3.12%. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.15 EPS.
Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Cousins Properties by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 62,027,124 shares of the real estate investment trust’s stock worth $551,421,000 after buying an additional 262,602 shares during the period. BlackRock Inc. grew its position in shares of Cousins Properties by 2.3% during the 3rd quarter. BlackRock Inc. now owns 60,449,842 shares of the real estate investment trust’s stock worth $537,399,000 after buying an additional 1,353,152 shares during the period. Cbre Clarion Securities LLC bought a new position in shares of Cousins Properties in the 2nd quarter worth $143,743,000. Brookfield Asset Management Inc. lifted its holdings in shares of Cousins Properties by 22.1% in the 3rd quarter. Brookfield Asset Management Inc. now owns 11,788,702 shares of the real estate investment trust’s stock worth $104,802,000 after purchasing an additional 2,132,502 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Cousins Properties by 9.6% in the 2nd quarter. Northern Trust Corp now owns 11,760,386 shares of the real estate investment trust’s stock worth $113,959,000 after purchasing an additional 1,032,786 shares in the last quarter.
NYSE:CUZ opened at $8.45 on Friday. The company has a market cap of $3.55 billion, a price-to-earnings ratio of 13.85, a PEG ratio of 4.40 and a beta of 0.86. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.49 and a quick ratio of 1.49. Cousins Properties has a fifty-two week low of $8.17 and a fifty-two week high of $9.88.
Cousins Properties Company Profile
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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