Cousins Properties (NYSE:CUZ) Issues FY 2019 Earnings Guidance

Cousins Properties (NYSE:CUZ) issued an update on its FY 2019 earnings guidance on Wednesday morning. The company provided EPS guidance of $2.81-2.93 for the period. Cousins Properties also updated its FY19 guidance to $2.81-2.93 EPS.

Shares of NYSE CUZ traded up $0.16 during mid-day trading on Friday, hitting $35.43. 3,032,300 shares of the stock traded hands, compared to its average volume of 1,869,836. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.40. Cousins Properties has a twelve month low of $30.12 and a twelve month high of $40.40. The firm has a market capitalization of $3.88 billion, a P/E ratio of 14.06, a PEG ratio of 3.17 and a beta of 0.90. The firm’s 50 day simple moving average is $31.62.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.71 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.01). Cousins Properties had a net margin of 10.61% and a return on equity of 1.94%. The firm had revenue of $134.93 million for the quarter, compared to analyst estimates of $150.56 million. During the same period last year, the business earned $0.15 EPS. The company’s revenue was up 18.0% compared to the same quarter last year. On average, equities analysts anticipate that Cousins Properties will post 2.88 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Wednesday, July 3rd were issued a dividend of $0.29 per share. This is an increase from Cousins Properties’s previous quarterly dividend of $0.07. The ex-dividend date was Tuesday, July 2nd. This represents a $1.16 annualized dividend and a dividend yield of 3.27%. Cousins Properties’s dividend payout ratio (DPR) is 46.03%.

Several research analysts have commented on CUZ shares. ValuEngine downgraded Zumiez from a hold rating to a sell rating in a report on Tuesday, July 2nd. Zacks Investment Research downgraded HEXO from a hold rating to a sell rating in a report on Wednesday, May 15th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $10.67.

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

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