Equities analysts expect Cousins Properties Incorporated (NYSE:CUZ) to announce earnings per share (EPS) of $0.15 for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Cousins Properties’ earnings, with the lowest EPS estimate coming in at $0.14 and the highest estimate coming in at $0.15. Cousins Properties reported earnings of $0.06 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 150%. The firm is scheduled to report its next earnings results on Tuesday, November 7th.
On average, analysts expect that Cousins Properties will report full year earnings of $0.61 per share for the current year, with EPS estimates ranging from $0.60 to $0.62. For the next financial year, analysts anticipate that the firm will post earnings of $0.65 per share, with EPS estimates ranging from $0.61 to $0.67. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Cousins Properties.
Cousins Properties (NYSE:CUZ) last released its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.16 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.01. Cousins Properties had a net margin of 49.99% and a return on equity of 9.37%. The company had revenue of $119 million for the quarter, compared to analyst estimates of $114.68 million. During the same quarter last year, the firm posted $0.21 earnings per share. The company’s quarterly revenue was up 146.4% compared to the same quarter last year.
A number of brokerages have recently issued reports on CUZ. Zacks Investment Research upgraded Cousins Properties from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research note on Wednesday, July 5th. ValuEngine cut Cousins Properties from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Stifel Nicolaus upgraded Cousins Properties from a “hold” rating to a “buy” rating and upped their price objective for the stock from $8.50 to $10.50 in a research note on Tuesday, August 1st. BidaskClub upgraded Cousins Properties from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. Finally, Robert W. Baird upgraded Cousins Properties from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $9.00 to $10.00 in a research note on Tuesday, May 16th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $10.17.
Cousins Properties (NYSE CUZ) traded down 0.54% during trading on Friday, hitting $9.13. 2,159,520 shares of the stock were exchanged. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of 15.47 and a beta of 1.07. The firm’s 50 day moving average price is $9.00 and its 200-day moving average price is $8.63. Cousins Properties has a 1-year low of $7.09 and a 1-year high of $11.40.
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Several large investors have recently made changes to their positions in the company. Commerzbank Aktiengesellschaft FI boosted its stake in shares of Cousins Properties by 14.0% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 12,553 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 1,545 shares in the last quarter. Timber Hill LLC bought a new stake in shares of Cousins Properties during the second quarter worth about $118,000. Glen Harbor Capital Management LLC boosted its stake in shares of Cousins Properties by 46.6% in the first quarter. Glen Harbor Capital Management LLC now owns 14,388 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 4,576 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Cousins Properties during the first quarter worth about $121,000. Finally, Oakbrook Investments LLC boosted its stake in shares of Cousins Properties by 7.0% in the first quarter. Oakbrook Investments LLC now owns 15,200 shares of the real estate investment trust’s stock worth $126,000 after buying an additional 1,000 shares in the last quarter.
Cousins Properties Company Profile
Cousins Properties Incorporated is a self-administered and self-managed real estate investment trust. The Company’s segments include Office, Mixed-Use, Other, Atlanta, Austin, Charlotte, Orlando, Tampa, Phoenix and Other. It develops, acquires, leases, manages and owns primarily Class A office properties and opportunistic mixed-use developments in Sunbelt markets with a focus on Georgia, Texas and North Carolina.
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