Cousins Properties (CUZ) Set to Announce Quarterly Earnings on Thursday

Cousins Properties (NYSE:CUZ) is set to issue its quarterly earnings data 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.Parties interested in participating in the company’s conference call can do so using this link.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported $0.12 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.53). The business had revenue of $197.00 million during the quarter, compared to analyst estimates of $198.47 million. Cousins Properties had a net margin of 10.33% and a return on equity of 1.81%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.66 earnings per share. 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 Stock Up 0.9 %

CUZ opened at $22.38 on Tuesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.76 and a quick ratio of 0.76. The business has a 50 day simple moving average of $23.09 and a 200-day simple moving average of $22.07. The stock has a market capitalization of $3.40 billion, a P/E ratio of 40.68, a P/E/G ratio of 5.99 and a beta of 1.27. Cousins Properties has a 12 month low of $17.40 and a 12 month high of $25.19.

Cousins Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, April 4th were issued a $0.32 dividend. The ex-dividend date was Wednesday, April 3rd. This represents a $1.28 annualized dividend and a dividend yield of 5.72%. Cousins Properties’s dividend payout ratio is currently 232.73%.

Wall Street Analysts Forecast Growth

CUZ has been the subject of several research reports. Truist Financial reduced their price objective on Cousins Properties from $27.00 to $26.00 and set a “buy” rating for the company in a report on Tuesday, January 16th. Barclays reduced their target price on Cousins Properties from $29.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, March 27th. Finally, StockNews.com upgraded Cousins Properties from a “sell” rating to a “hold” rating in a report on Thursday, April 11th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus 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.