Zacks: Analysts Expect Cousins Properties Inc (CUZ) to Announce $0.20 Earnings Per Share

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.

CUZ has been the topic of several recent research reports. Zacks Investment Research reissued a “buy” rating and issued a $9.50 price target on shares of Cousins Properties in a report on Tuesday, November 13th. Bank of America set a $11.00 price target on Cousins Properties and gave the stock a “buy” rating in a report on Tuesday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $10.38.

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.

Further Reading: How to execute a trade ex-dividend strategy?

Get a free copy of the Zacks research report on Cousins Properties (CUZ)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Cousins Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cousins Properties and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply