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.Persons interested in listening to the company’s earnings 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 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.53). The firm had revenue of $197.00 million during the quarter, compared to the consensus estimate of $198.47 million. Cousins Properties had a return on equity of 1.81% and a net margin of 10.33%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company 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 Performance

CUZ opened at $22.70 on Wednesday. The firm has a market cap of $3.45 billion, a P/E ratio of 41.25, a PEG ratio of 5.99 and a beta of 1.27. Cousins Properties has a 1-year low of $17.40 and a 1-year high of $25.19. The company has a 50 day simple moving average of $23.06 and a two-hundred day simple moving average of $22.09. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.76 and a quick ratio of 0.76.

Cousins Properties Announces Dividend

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

Wall Street Analyst Weigh In

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

Cousins Properties Company Profile

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.