Brokerages expect Cousins Properties Incorporated (NYSE:CUZ) to report earnings per share (EPS) of $0.70 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Cousins Properties’ earnings, with the lowest EPS estimate coming in at $0.69 and the highest estimate coming in at $0.70. Cousins Properties reported earnings of $0.68 per share in the same quarter last year, which would indicate a positive year over year growth rate of 2.9%. The company is expected to issue its next quarterly earnings report on Thursday, February 10th.
According to Zacks, analysts expect that Cousins Properties will report full year earnings of $2.76 per share for the current fiscal year, with EPS estimates ranging from $2.75 to $2.76. For the next year, analysts forecast that the business will report earnings of $2.79 per share, with EPS estimates ranging from $2.76 to $2.81. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow Cousins Properties.
Cousins Properties (NYSE:CUZ) last released its quarterly earnings results on Thursday, October 28th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.17. Cousins Properties had a return on equity of 2.73% and a net margin of 16.36%. The business had revenue of $185.52 million during the quarter, compared to analyst estimates of $182.56 million. During the same quarter in the previous year, the company posted $0.69 earnings per share. Cousins Properties’s revenue for the quarter was up 3.6% on a year-over-year basis.
NYSE:CUZ traded up $0.16 during mid-day trading on Thursday, hitting $39.70. 548,670 shares of the company traded hands, compared to its average volume of 867,395. The company has a fifty day moving average of $38.78. Cousins Properties has a one year low of $31.01 and a one year high of $40.66. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $5.90 billion, a price-to-earnings ratio of 48.42, a price-to-earnings-growth ratio of 2.59 and a beta of 1.02.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 15th. Stockholders of record on Tuesday, October 5th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend was Monday, October 4th. Cousins Properties’s dividend payout ratio (DPR) is 151.22%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CUZ. Amundi Pioneer Asset Management Inc. lifted its position in shares of Cousins Properties by 15.1% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 546,475 shares of the real estate investment trust’s stock worth $5,279,000 after buying an additional 71,807 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Cousins Properties by 1.8% in the first quarter. Principal Financial Group Inc. now owns 10,073,658 shares of the real estate investment trust’s stock worth $356,103,000 after buying an additional 176,751 shares in the last quarter. Nuveen Asset Management LLC lifted its position in shares of Cousins Properties by 5.9% in the first quarter. Nuveen Asset Management LLC now owns 576,056 shares of the real estate investment trust’s stock worth $20,364,000 after buying an additional 32,287 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Cousins Properties by 2.4% in the first quarter. Ameriprise Financial Inc. now owns 531,363 shares of the real estate investment trust’s stock worth $18,780,000 after buying an additional 12,357 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Cousins Properties by 5.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 68,396 shares of the real estate investment trust’s stock worth $2,418,000 after buying an additional 3,369 shares in the last quarter. 93.14% of the stock is owned by hedge funds and other institutional investors.
Cousins Properties Company Profile
Cousins Properties, Inc engages in the development, acquisition, leasing and management of real estate assets. It invests in urban office towers located in Sunbelt markets. The firm operates through the following geographical segments: Atlanta, Charlotte, Austin, Phoenix, Tampa, Orlando and Houston. The company was founded by Thomas G.
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