Cousins Properties (NYSE:CUZ) Updates FY19 Earnings Guidance

Cousins Properties (NYSE:CUZ) updated its FY19 earnings guidance on Wednesday. The company provided earnings per share guidance of $2.92-3.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.85. Cousins Properties also updated its FY 2019 guidance to $2.92-3.00 EPS.

A number of equities analysts have recently commented on the stock. ValuEngine downgraded shares of Cousins Properties from a hold rating to a sell rating in a report on Thursday, August 1st. Zacks Investment Research cut shares of Cousins Properties from a hold rating to a sell rating and set a $39.00 target price for the company. in a research report on Thursday, September 12th. Finally, Wells Fargo & Co upgraded shares of Cousins Properties from a market perform rating to an outperform rating and increased their target price for the stock from $38.00 to $42.00 in a research report on Thursday, September 19th.

Shares of Cousins Properties stock traded up $0.20 during mid-day trading on Wednesday, reaching $37.75. 596,316 shares of the stock were exchanged, compared to its average volume of 1,665,513. The company has a market cap of $5.55 billion, a price-to-earnings ratio of 14.98, a price-to-earnings-growth ratio of 3.78 and a beta of 0.90. 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 50-day simple moving average of $36.58 and a 200 day simple moving average of $26.48. Cousins Properties has a fifty-two week low of $30.12 and a fifty-two week high of $40.40.

Cousins Properties (NYSE:CUZ) last announced its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.01). The firm 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%. The company’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.15 EPS. On average, research analysts predict that Cousins Properties will post 2.9 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Thursday, October 3rd were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend was Wednesday, October 2nd. Cousins Properties’s dividend payout ratio (DPR) is currently 46.03%.

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

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