Cousins Properties Inc (NYSE:CUZ) Expected to Post Earnings of $0.72 Per Share

Equities research analysts expect Cousins Properties Inc (NYSE:CUZ) to post earnings of $0.72 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Cousins Properties’ earnings. The lowest EPS estimate is $0.69 and the highest is $0.75. Cousins Properties posted earnings of $0.68 per share in the same quarter last year, which suggests a positive year over year growth rate of 5.9%. The firm is expected to announce its next earnings results on Wednesday, February 5th.

According to Zacks, analysts expect that Cousins Properties will report full-year earnings of $2.94 per share for the current fiscal year, with EPS estimates ranging from $2.88 to $2.97. For the next financial year, analysts anticipate that the company will report earnings of $2.83 per share, with EPS estimates ranging from $2.79 to $2.90. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Cousins Properties.

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). Cousins Properties had a net margin of 9.50% and a return on equity of 1.55%. The company had revenue of $180.83 million during the quarter, compared to the consensus estimate of $174.03 million. During the same period last year, the firm posted $0.15 earnings per share. The company’s revenue for the quarter was up 56.3% on a year-over-year basis.

Several equities research analysts have weighed in on CUZ shares. Wells Fargo & Co raised shares of Cousins Properties from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $38.00 to $42.00 in a research note on Thursday, September 19th. Stifel Nicolaus set a $42.00 price target on shares of Cousins Properties and gave the company a “buy” rating in a research note on Friday, October 25th. TheStreet raised shares of Cousins Properties from a “c” rating to a “b-” rating in a research note on Tuesday. Zacks Investment Research downgraded shares of Cousins Properties from a “hold” rating to a “sell” rating and set a $39.00 price target for the company. in a research note on Thursday, September 12th. Finally, ValuEngine downgraded shares of Cousins Properties from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $33.50.

CUZ traded up $0.26 during midday trading on Friday, hitting $39.98. The company had a trading volume of 780,200 shares, compared to its average volume of 1,599,235. Cousins Properties has a 52 week low of $30.12 and a 52 week high of $40.81. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $5.75 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 3.63 and a beta of 0.89. The stock’s 50 day moving average price is $38.26 and its 200 day moving average price is $29.80.

Several large investors have recently bought and sold shares of the company. Daiwa Securities Group Inc. increased its position in shares of Cousins Properties by 676.7% during the third quarter. Daiwa Securities Group Inc. now owns 3,341,932 shares of the real estate investment trust’s stock worth $125,623,000 after acquiring an additional 2,911,649 shares in the last quarter. Duff & Phelps Investment Management Co. increased its position in shares of Cousins Properties by 0.8% during the third quarter. Duff & Phelps Investment Management Co. now owns 2,180,125 shares of the real estate investment trust’s stock worth $81,951,000 after acquiring an additional 16,999 shares in the last quarter. Prudential Financial Inc. increased its position in shares of Cousins Properties by 79.8% during the second quarter. Prudential Financial Inc. now owns 1,280,817 shares of the real estate investment trust’s stock worth $46,328,000 after acquiring an additional 568,285 shares in the last quarter. Scout Investments Inc. increased its position in shares of Cousins Properties by 0.9% during the third quarter. Scout Investments Inc. now owns 1,103,221 shares of the real estate investment trust’s stock worth $41,470,000 after acquiring an additional 9,854 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. increased its position in shares of Cousins Properties by 6,428.4% during the second quarter. D. E. Shaw & Co. Inc. now owns 983,900 shares of the real estate investment trust’s stock worth $35,588,000 after acquiring an additional 968,829 shares in the last quarter. 95.82% of the stock is owned by institutional investors.

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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