Cousins Properties (NYSE:CUZ) will be posting its quarterly earnings results after the market closes on Wednesday, October 23rd. Analysts expect Cousins Properties to post earnings of $0.69 per share for the quarter. Cousins Properties has set its FY 2019 guidance at $2.81-2.93 EPS and its FY19 guidance at $2.81-2.93 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.
Cousins Properties (NYSE:CUZ) last issued its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.71 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.01). The business had revenue of $134.93 million for the quarter, compared to analyst estimates of $150.56 million. Cousins Properties had a return on equity of 1.71% and a net margin of 10.61%. The firm’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.15 EPS. On average, analysts expect Cousins Properties to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of NYSE:CUZ opened at $37.40 on Monday. Cousins Properties has a 1-year low of $30.12 and a 1-year high of $40.40. The stock has a market cap of $5.51 billion, a P/E ratio of 13.27, a P/E/G ratio of 3.75 and a beta of 0.90. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a fifty day moving average price of $36.29 and a 200 day moving average price of $25.79.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Thursday, October 3rd were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend was Wednesday, October 2nd. Cousins Properties’s dividend payout ratio (DPR) is presently 46.03%.
Several analysts have recently commented on the stock. ValuEngine cut shares of Cousins Properties from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Wells Fargo & Co raised shares of Cousins Properties from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $38.00 to $42.00 in a research report on Thursday, September 19th. Finally, Zacks Investment Research cut shares of Cousins Properties from a “hold” rating to a “sell” rating and set a $39.00 price target on the stock. in a research report on Thursday, September 12th.
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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