Cousins Properties (NYSE:CUZ – Get Free Report) will announce its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.64 per share for the quarter. Cousins Properties has set its FY24 guidance at $2.57-2.67 EPS and its FY 2024 guidance at 2.570-2.670 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.
Cousins Properties (NYSE:CUZ – Get Free Report) last posted its earnings results on Wednesday, February 7th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.53). Cousins Properties had a net margin of 10.33% and a return on equity of 1.81%. The company had revenue of $197.00 million during the quarter, compared to analysts’ expectations of $198.47 million. During the same quarter last year, the firm earned $0.66 EPS. Cousins Properties’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, analysts expect Cousins Properties to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Cousins Properties Price Performance
Shares of CUZ stock opened at $22.70 on Wednesday. The stock’s 50-day simple moving average is $23.06 and its 200-day simple moving average is $22.09. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of 41.25, a PEG ratio of 5.99 and a beta of 1.27. Cousins Properties has a fifty-two week low of $17.40 and a fifty-two week high of $25.19. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.76 and a current ratio of 0.76.
Cousins Properties Dividend Announcement
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the company. Truist Financial reduced their target price on Cousins Properties from $27.00 to $26.00 and set a “buy” rating for the company in a research note on Tuesday, January 16th. Barclays reduced their target price on Cousins Properties from $29.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, March 27th. Finally, StockNews.com raised Cousins Properties from a “sell” rating to a “hold” rating in a research note on Thursday, April 11th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $23.67.
View Our Latest Research Report on CUZ
About Cousins Properties
Cousins Properties Incorporated ("Cousins") is a fully integrated, self-administered, and self-managed real estate investment trust (REIT). The Company, based in Atlanta and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high-growth Sun Belt markets.
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