Analysts expect that Cousins Properties Inc (NYSE:CUZ) will announce $115.03 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Cousins Properties’ earnings, with estimates ranging from $114.05 million to $116.48 million. Cousins Properties posted sales of $114.01 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 0.9%. The business is expected to announce its next quarterly earnings results on Thursday, July 26th.
On average, analysts expect that Cousins Properties will report full-year sales of $461.13 million for the current financial year, with estimates ranging from $456.97 million to $466.44 million. For the next financial year, analysts anticipate that the company will post sales of $476.86 million per share, with estimates ranging from $465.78 million to $497.81 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Cousins Properties.
Cousins Properties (NYSE:CUZ) last posted its quarterly earnings data on Wednesday, April 25th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. Cousins Properties had a return on equity of 8.07% and a net margin of 49.63%. The company had revenue of $113.35 million for the quarter, compared to the consensus estimate of $113.10 million. During the same period in the previous year, the business earned $0.16 EPS. Cousins Properties’s revenue for the quarter was up .7% compared to the same quarter last year.
CUZ stock opened at $9.63 on Monday. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.39. Cousins Properties has a 52-week low of $8.23 and a 52-week high of $9.88. The company has a market cap of $4.05 billion, a price-to-earnings ratio of 15.79, a price-to-earnings-growth ratio of 4.13 and a beta of 0.95.
A number of hedge funds have recently bought and sold shares of the business. Smith Asset Management Group LP grew its position in shares of Cousins Properties by 84.9% in the 1st quarter. Smith Asset Management Group LP now owns 12,262 shares of the real estate investment trust’s stock worth $106,000 after acquiring an additional 5,631 shares in the last quarter. BlueCrest Capital Management Ltd acquired a new position in shares of Cousins Properties in the 4th quarter worth approximately $141,000. Vident Investment Advisory LLC acquired a new position in shares of Cousins Properties in the 4th quarter worth approximately $158,000. Point72 Asia Hong Kong Ltd acquired a new position in shares of Cousins Properties in the 1st quarter worth approximately $167,000. Finally, Verition Fund Management LLC acquired a new position in shares of Cousins Properties in the 1st quarter worth approximately $171,000.
Cousins Properties Company Profile
Cousins Properties Incorporated is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA, acting through its operating partnership, Cousins Properties LP, primarily invests in Class-A office towers located in high growth Sunbelt markets.
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