Analysts Anticipate Cousins Properties Inc (CUZ) Will Post Earnings of $0.16 Per Share

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 analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Cousins Properties from a “buy” rating to a “hold” rating in a research report on Monday, November 26th. ValuEngine raised shares of Cousins Properties from a “sell” rating to a “hold” rating in a research report on Friday, October 26th. Bank of America reduced their price objective on shares of Cousins Properties from $10.50 to $10.25 and set a “buy” rating for the company in a research report on Monday, September 10th. Finally, TheStreet downgraded shares of Cousins Properties from a “b-” rating to a “c+” rating in a research report on Friday, October 5th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $9.75.

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.

Further Reading: What is a conference call?

Get a free copy of the Zacks research report on Cousins Properties (CUZ)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Cousins Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cousins Properties and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit