Equities analysts expect Cousins Properties Inc (NYSE:CUZ) to announce $0.69 earnings per share for the current quarter, according to Zacks. Four analysts have made estimates for Cousins Properties’ earnings, with the highest EPS estimate coming in at $0.70 and the lowest estimate coming in at $0.67. Cousins Properties reported earnings per share of $0.64 in the same quarter last year, which indicates a positive year over year growth rate of 7.8%. The business is scheduled to announce its next quarterly earnings results on Wednesday, October 23rd.
According to Zacks, 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 expect that the company will report earnings of $2.80 per share, with EPS estimates ranging from $2.76 to $2.90. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Cousins Properties.
Cousins Properties (NYSE:CUZ) last posted its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.71 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.01). Cousins Properties had a net margin of 10.61% and a return on equity of 1.71%. The business had revenue of $134.93 million during the quarter, compared to analyst estimates of $150.56 million. During the same quarter in the prior year, the business earned $0.15 earnings per share. The firm’s quarterly revenue was up 18.0% on a year-over-year basis.
Institutional investors and hedge funds have recently bought and sold shares of the company. Pflug Koory LLC acquired a new stake in shares of Cousins Properties during the second quarter worth about $25,000. Edge Wealth Management LLC acquired a new stake in shares of Cousins Properties during the second quarter worth about $26,000. Creative Financial Designs Inc. ADV acquired a new stake in shares of Cousins Properties during the second quarter worth about $26,000. Penserra Capital Management LLC acquired a new stake in shares of Cousins Properties during the first quarter worth about $36,000. Finally, Legacy Bridge LLC acquired a new stake in shares of Cousins Properties during the second quarter worth about $36,000.
Cousins Properties stock traded up $0.43 during midday trading on Friday, reaching $34.60. The company’s stock had a trading volume of 1,913,400 shares, compared to its average volume of 1,719,797. Cousins Properties has a fifty-two week low of $30.12 and a fifty-two week high of $40.40. 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 company has a market cap of $5.01 billion, a P/E ratio of 13.73, a P/E/G ratio of 3.55 and a beta of 0.91. The business has a 50-day simple moving average of $35.84 and a 200-day simple moving average of $17.73.
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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