Cousins Properties (CUZ) to Release Quarterly Earnings on Thursday

Cousins Properties (NYSE:CUZ) will announce its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.64 per share for the quarter. Cousins Properties has set its FY24 guidance at $2.57-2.67 EPS and its FY 2024 guidance at 2.570-2.670 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Cousins Properties (NYSE:CUZ) last posted its earnings results on Wednesday, February 7th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.53). Cousins Properties had a net margin of 10.33% and a return on equity of 1.81%. The company had revenue of $197.00 million during the quarter, compared to analysts’ expectations of $198.47 million. During the same quarter last year, the firm earned $0.66 EPS. Cousins Properties’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, analysts expect Cousins Properties to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Cousins Properties Price Performance

Shares of CUZ stock opened at $22.70 on Wednesday. The stock’s 50-day simple moving average is $23.06 and its 200-day simple moving average is $22.09. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of 41.25, a PEG ratio of 5.99 and a beta of 1.27. Cousins Properties has a fifty-two week low of $17.40 and a fifty-two week high of $25.19. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.76 and a current ratio of 0.76.

Cousins Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, April 4th were given a $0.32 dividend. The ex-dividend date was Wednesday, April 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 5.64%. Cousins Properties’s dividend payout ratio is currently 232.73%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Truist Financial reduced their target price on Cousins Properties from $27.00 to $26.00 and set a “buy” rating for the company in a research note on Tuesday, January 16th. Barclays reduced their target price on Cousins Properties from $29.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, March 27th. Finally, StockNews.com raised Cousins Properties from a “sell” rating to a “hold” rating in a research note on Thursday, April 11th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $23.67.

About Cousins Properties

Cousins Properties Incorporated ("Cousins") is a fully integrated, self-administered, and self-managed real estate investment trust (REIT). The Company, based in Atlanta and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high-growth Sun Belt markets.