$185.38 Million in Sales Expected for Cousins Properties Incorporated (NYSE:CUZ) This Quarter

Wall Street analysts predict that Cousins Properties Incorporated (NYSE:CUZ) will post sales of $185.38 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Cousins Properties’ earnings, with the highest sales estimate coming in at $185.86 million and the lowest estimate coming in at $184.91 million. Cousins Properties posted sales of $178.63 million during the same quarter last year, which suggests a positive year over year growth rate of 3.8%. The firm is scheduled to announce its next quarterly earnings report on Thursday, February 10th.

According to Zacks, analysts expect that Cousins Properties will report full year sales of $737.47 million for the current year, with estimates ranging from $737.00 million to $737.94 million. For the next year, analysts expect that the firm will post sales of $746.35 million, with estimates ranging from $743.38 million to $749.33 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Cousins Properties.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings data on Thursday, October 28th. The real estate investment trust reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.17. The firm had revenue of $185.52 million for the quarter, compared to analyst estimates of $182.56 million. Cousins Properties had a net margin of 16.36% and a return on equity of 2.73%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.69 earnings per share.

Separately, Barclays began coverage on shares of Cousins Properties in a report on Wednesday, September 1st. They issued an “overweight” rating and a $48.00 price target on the stock.

NYSE:CUZ traded up $0.16 during mid-day trading on Friday, hitting $39.70. The company’s stock had a trading volume of 548,670 shares, compared to its average volume of 867,395. Cousins Properties has a 1 year low of $31.01 and a 1 year high of $40.66. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $5.90 billion, a PE ratio of 48.42, a price-to-earnings-growth ratio of 2.59 and a beta of 1.02. The business’s fifty day moving average price is $38.78.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 15th. Shareholders of record on Tuesday, October 5th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend was Monday, October 4th. Cousins Properties’s payout ratio is 151.22%.

A number of large investors have recently bought and sold shares of the business. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Cousins Properties by 2.4% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,019 shares of the real estate investment trust’s stock valued at $485,000 after acquiring an additional 304 shares during the period. Van ECK Associates Corp lifted its stake in Cousins Properties by 5.2% in the 3rd quarter. Van ECK Associates Corp now owns 6,956 shares of the real estate investment trust’s stock valued at $259,000 after buying an additional 343 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Cousins Properties by 0.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 59,572 shares of the real estate investment trust’s stock valued at $2,191,000 after buying an additional 363 shares in the last quarter. WINTON GROUP Ltd lifted its stake in Cousins Properties by 2.5% in the 2nd quarter. WINTON GROUP Ltd now owns 16,480 shares of the real estate investment trust’s stock valued at $606,000 after buying an additional 406 shares in the last quarter. Finally, Stephens Inc. AR lifted its stake in Cousins Properties by 1.8% in the 2nd quarter. Stephens Inc. AR now owns 23,270 shares of the real estate investment trust’s stock valued at $856,000 after buying an additional 418 shares in the last quarter. 93.14% of the stock is currently owned by institutional investors.

Cousins Properties Company Profile

Cousins Properties, Inc engages in the development, acquisition, leasing and management of real estate assets. It invests in urban office towers located in Sunbelt markets. The firm operates through the following geographical segments: Atlanta, Charlotte, Austin, Phoenix, Tampa, Orlando and Houston. The company was founded by Thomas G.

Recommended Story: What are the components of an earnings report?

Get a free copy of the Zacks research report on Cousins Properties (CUZ)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Cousins Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cousins Properties and related companies with MarketBeat.com's FREE daily email newsletter.