$175.00 Million in Sales Expected for Cousins Properties Inc (NYSE:CUZ) This Quarter

Equities research analysts expect that Cousins Properties Inc (NYSE:CUZ) will announce sales of $175.00 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Cousins Properties’ earnings, with estimates ranging from $171.30 million to $178.58 million. Cousins Properties reported sales of $115.44 million during the same quarter last year, which suggests a positive year-over-year growth rate of 51.6%. The company is expected to issue its next earnings results on Wednesday, October 23rd.

According to Zacks, analysts expect that Cousins Properties will report full-year sales of $612.77 million for the current fiscal year, with estimates ranging from $605.18 million to $621.16 million. For the next year, analysts forecast that the firm will report sales of $730.86 million, with estimates ranging from $704.02 million to $740.92 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Cousins Properties.

Cousins Properties (NYSE:CUZ) last posted its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.01). The company had revenue of $134.93 million for the quarter, compared to analyst estimates of $150.56 million. Cousins Properties had a return on equity of 1.71% and a net margin of 10.61%. Cousins Properties’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.15 earnings per share.



Several analysts recently weighed in on CUZ shares. ValuEngine downgraded Cousins Properties from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Zacks Investment Research raised Cousins Properties from a “sell” rating to a “hold” rating in a report on Wednesday, May 15th.

Shares of Cousins Properties stock traded up $0.46 during midday trading on Tuesday, hitting $34.63. The company had a trading volume of 10,785 shares, compared to its average volume of 1,733,016. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market capitalization of $5.04 billion, a P/E ratio of 13.63, a P/E/G ratio of 3.56 and a beta of 0.91. The company has a 50 day moving average of $35.87 and a 200 day moving average of $17.65. Cousins Properties has a 52-week low of $30.12 and a 52-week high of $40.40.

A number of hedge funds and other institutional investors have recently made changes to their positions in CUZ. Norges Bank acquired a new position in shares of Cousins Properties during the 4th quarter worth about $37,742,000. JPMorgan Chase & Co. raised its holdings in Cousins Properties by 38.9% in the first quarter. JPMorgan Chase & Co. now owns 15,592,986 shares of the real estate investment trust’s stock valued at $150,628,000 after acquiring an additional 4,367,872 shares in the last quarter. Ceredex Value Advisors LLC raised its holdings in Cousins Properties by 30.3% in the first quarter. Ceredex Value Advisors LLC now owns 5,278,300 shares of the real estate investment trust’s stock valued at $50,988,000 after acquiring an additional 1,228,800 shares in the last quarter. Jennison Associates LLC raised its holdings in Cousins Properties by 50.4% in the first quarter. Jennison Associates LLC now owns 3,609,353 shares of the real estate investment trust’s stock valued at $34,866,000 after acquiring an additional 1,210,055 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. raised its holdings in Cousins Properties by 6,428.4% in the second quarter. D. E. Shaw & Co. Inc. now owns 983,900 shares of the real estate investment trust’s stock valued at $35,588,000 after acquiring an additional 968,829 shares in the last quarter.

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.

Read More: Leveraged Buyout (LBO)

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.