Wall Street brokerages forecast that Cousins Properties Inc (NYSE:CUZ) will post $0.20 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Cousins Properties’ earnings, with the highest EPS estimate coming in at $0.20 and the lowest estimate coming in at $0.19. Cousins Properties reported earnings per share of $0.15 during the same quarter last year, which suggests a positive year-over-year growth rate of 33.3%. The company is scheduled to issue its next earnings report on Wednesday, April 24th.
According to Zacks, analysts expect that Cousins Properties will report full-year earnings of $0.73 per share for the current financial year, with EPS estimates ranging from $0.71 to $0.74. For the next financial year, analysts forecast that the company will report earnings of $0.72 per share, with EPS estimates ranging from $0.67 to $0.76. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that follow Cousins Properties.
Cousins Properties (NYSE:CUZ) last released its earnings results on Wednesday, February 6th. The real estate investment trust reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Cousins Properties had a return on equity of 2.81% and a net margin of 16.76%. The company had revenue of $122.68 million for the quarter, compared to the consensus estimate of $118.30 million. During the same quarter last year, the business posted $0.15 EPS. Cousins Properties’s quarterly revenue was up 7.5% compared to the same quarter last year.
NYSE:CUZ traded up $0.04 during trading hours on Monday, reaching $9.68. 5,317,731 shares of the stock were exchanged, compared to its average volume of 4,841,442. The company has a market cap of $4.07 billion, a PE ratio of 15.37, a P/E/G ratio of 4.54 and a beta of 1.00. Cousins Properties has a 52 week low of $7.53 and a 52 week high of $9.88. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.38.
Several hedge funds and other institutional investors have recently made changes to their positions in CUZ. JPMorgan Chase & Co. lifted its holdings in shares of Cousins Properties by 236.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,402,980 shares of the real estate investment trust’s stock worth $83,591,000 after purchasing an additional 6,605,516 shares during the last quarter. Weiss Multi Strategy Advisers LLC bought a new stake in shares of Cousins Properties in the 4th quarter worth approximately $42,660,000. Norges Bank bought a new stake in shares of Cousins Properties in the 4th quarter worth approximately $37,742,000. Ceredex Value Advisors LLC bought a new stake in shares of Cousins Properties in the 4th quarter worth approximately $31,991,000. Finally, Brookfield Asset Management Inc. lifted its holdings in shares of Cousins Properties by 22.1% in the 3rd quarter. Brookfield Asset Management Inc. now owns 11,788,702 shares of the real estate investment trust’s stock worth $104,802,000 after purchasing an additional 2,132,502 shares during the last quarter.
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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