Cousins Properties (NYSE:CUZ) Issues FY 2020 Earnings Guidance

Cousins Properties (NYSE:CUZ) updated its FY 2020 earnings guidance on Wednesday. The company provided EPS guidance of $2.71-2.85 for the period. Cousins Properties also updated its FY 2019 guidance to $2.92-3.00 EPS.

A number of research analysts have issued reports on the company. ValuEngine downgraded Cousins Properties from a hold rating to a sell rating in a research note on Thursday, August 1st. Zacks Investment Research downgraded Cousins Properties from a hold rating to a sell rating and set a $39.00 price objective for the company. in a research note on Thursday, September 12th. Finally, Wells Fargo & Co upgraded Cousins Properties from a market perform rating to an outperform rating and upped their price objective for the company from $38.00 to $42.00 in a research note on Thursday, September 19th.

Shares of CUZ stock traded up $1.48 on Thursday, hitting $39.23. 107,783 shares of the stock were exchanged, compared to its average volume of 1,159,464. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $5.51 billion, a PE ratio of 15.56, a P/E/G ratio of 3.75 and a beta of 0.90. Cousins Properties has a one year low of $30.12 and a one year high of $40.40. The firm’s 50 day moving average is $36.58 and its two-hundred day moving average is $26.48.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.55). The firm had revenue of $180.83 million for the quarter, compared to the consensus estimate of $174.03 million. Cousins Properties had a return on equity of 1.71% and a net margin of 10.61%. The firm’s revenue was up 56.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS. On average, sell-side analysts expect that Cousins Properties will post 2.9 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Thursday, October 3rd were paid a dividend of $0.29 per share. The ex-dividend date was Wednesday, October 2nd. This represents a $1.16 annualized dividend and a dividend yield of 2.96%. Cousins Properties’s payout ratio is 46.03%.

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

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