Equities analysts expect Cousins Properties Incorporated (NYSE:CUZ – Get Rating) to announce sales of $188.40 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Cousins Properties’ earnings. The highest sales estimate is $189.32 million and the lowest is $187.47 million. Cousins Properties posted sales of $181.77 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.6%. The company is scheduled to issue its next earnings results on Monday, January 1st.
On average, analysts expect that Cousins Properties will report full-year sales of $760.63 million for the current financial year, with estimates ranging from $754.41 million to $766.84 million. For the next fiscal year, analysts expect that the business will post sales of $802.99 million, with estimates ranging from $779.22 million to $826.76 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Cousins Properties.
Cousins Properties (NYSE:CUZ – Get Rating) last released its quarterly earnings results on Thursday, April 28th. The real estate investment trust reported $0.19 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.48). Cousins Properties had a net margin of 36.88% and a return on equity of 6.12%. The business had revenue of $186.90 million during the quarter, compared to analyst estimates of $184.82 million. During the same quarter in the prior year, the company earned $0.69 earnings per share. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year.
Shares of NYSE CUZ opened at $33.41 on Monday. The stock has a fifty day moving average price of $37.67 and a 200 day moving average price of $38.75. The company has a market cap of $4.97 billion, a P/E ratio of 17.96, a P/E/G ratio of 3.36 and a beta of 1.02. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.51. Cousins Properties has a 12-month low of $32.84 and a 12-month high of $42.41.
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 14th. Stockholders of record on Tuesday, April 5th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date was Monday, April 4th. This is a positive change from Cousins Properties’s previous quarterly dividend of $0.31. Cousins Properties’s payout ratio is 68.82%.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Fifth Third Bancorp boosted its holdings in shares of Cousins Properties by 60.8% in the 1st quarter. Fifth Third Bancorp now owns 709 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 268 shares in the last quarter. Lazard Asset Management LLC bought a new stake in Cousins Properties during the 1st quarter valued at about $39,000. Covestor Ltd increased its holdings in Cousins Properties by 89.2% in the 1st quarter. Covestor Ltd now owns 1,050 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 495 shares in the last quarter. Brown Brothers Harriman & Co. boosted its stake in shares of Cousins Properties by 160.9% in the 1st quarter. Brown Brothers Harriman & Co. now owns 1,234 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 761 shares during the last quarter. Finally, TAP Consulting LLC bought a new position in shares of Cousins Properties in the 4th quarter worth approximately $53,000. 98.47% of the stock is owned by institutional investors.
Cousins Properties Company Profile (Get Rating)
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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