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.
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.
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