$0.14 EPS Expected for Cousins Properties Inc (CUZ) This Quarter
Equities research analysts expect that Cousins Properties Inc (NYSE:CUZ) will report earnings of $0.14 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Cousins Properties’ earnings, with estimates ranging from $0.13 to $0.15. Cousins Properties posted earnings of $0.15 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 6.7%. The company is scheduled to announce its next quarterly earnings results after the market closes on Wednesday, February 7th.
On average, analysts expect that Cousins Properties will report full year earnings of $0.61 per share for the current financial year, with EPS estimates ranging from $0.59 to $0.62. For the next fiscal year, analysts anticipate that the business will post earnings of $0.63 per share, with EPS estimates ranging from $0.59 to $0.67. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Cousins Properties.
Cousins Properties (NYSE:CUZ) last posted its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). The firm had revenue of $113.20 million for the quarter, compared to analyst estimates of $113.51 million. Cousins Properties had a net margin of 48.08% and a return on equity of 8.39%. The company’s revenue for the quarter was up 132.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.22 earnings per share.
Cousins Properties (CUZ) opened at $9.00 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market cap of $3,780.19, a PE ratio of 16.67 and a beta of 1.09. Cousins Properties has a one year low of $7.81 and a one year high of $9.63.
The company also recently announced a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Tuesday, January 2nd were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date was Friday, December 29th. Cousins Properties’s payout ratio is 44.44%.
In other news, insider S Taylor Glover sold 74,351 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $9.41, for a total value of $699,642.91. Following the completion of the sale, the insider now directly owns 485,284 shares of the company’s stock, valued at approximately $4,566,522.44. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.14% of the company’s stock.
Large investors have recently modified their holdings of the company. Zeke Capital Advisors LLC acquired a new stake in shares of Cousins Properties in the 3rd quarter worth approximately $126,000. Advisor Group Inc. lifted its stake in shares of Cousins Properties by 40.3% in the 2nd quarter. Advisor Group Inc. now owns 14,567 shares of the real estate investment trust’s stock worth $128,000 after acquiring an additional 4,183 shares during the period. Riverhead Capital Management LLC lifted its stake in shares of Cousins Properties by 94.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 22,400 shares of the real estate investment trust’s stock worth $197,000 after acquiring an additional 10,900 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Cousins Properties in the 3rd quarter worth approximately $202,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Cousins Properties in the 2nd quarter worth approximately $222,000.
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About Cousins Properties
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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