Cousins Properties (NYSE:CUZ) is set to announce its earnings results after the market closes on Wednesday, October 24th. Analysts expect the company to announce earnings of $0.15 per share for the quarter.
Cousins Properties (NYSE:CUZ) last posted its quarterly earnings data on Wednesday, July 25th. The real estate investment trust reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.10). The company had revenue of $113.70 million during the quarter, compared to analyst estimates of $115.28 million. Cousins Properties had a return on equity of 2.86% and a net margin of 17.63%. Cousins Properties’s revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.16 earnings per share. On average, analysts expect Cousins Properties to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of CUZ stock opened at $8.27 on Tuesday. The company has a market capitalization of $3.52 billion, a price-to-earnings ratio of 13.56, a price-to-earnings-growth ratio of 4.13 and a beta of 0.93. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.39. Cousins Properties has a fifty-two week low of $8.22 and a fifty-two week high of $9.88.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Wednesday, October 3rd were issued a $0.065 dividend. The ex-dividend date of this dividend was Tuesday, October 2nd. This represents a $0.26 dividend on an annualized basis and a yield of 3.14%. Cousins Properties’s payout ratio is currently 42.62%.
A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded Cousins Properties from a “hold” rating to a “sell” rating in a report on Tuesday, October 16th. TheStreet downgraded Cousins Properties from a “b-” rating to a “c+” rating in a report on Friday, October 5th. Bank of America lowered their target price on Cousins Properties from $10.50 to $10.25 and set a “buy” rating for the company in a report on Monday, September 10th. ValuEngine downgraded Cousins Properties from a “hold” rating to a “sell” rating in a report on Wednesday, September 19th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $10.00 target price on shares of Cousins Properties in a report on Thursday, July 26th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $9.92.
In other Cousins Properties news, insider John S. Mccoll sold 14,333 shares of Cousins Properties stock in a transaction that occurred on Tuesday, July 31st. The stock was sold at an average price of $9.26, for a total value of $132,723.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.94% of the company’s stock.
Cousins Properties Company Profile
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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