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

Cousins Properties (NYSE:CUZ) will 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 listening to the company’s conference call can do so using this link.

Cousins Properties (NYSE:CUZ) last released its earnings results on Wednesday, February 7th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.53). The company had revenue of $197.00 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.66 EPS. 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 %

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

Cousins Properties Dividend Announcement

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

Wall Street Analyst Weigh In

CUZ has been the subject of several recent analyst reports. StockNews.com raised shares of Cousins Properties from a “sell” rating to a “hold” rating in a report on Thursday, April 11th. Barclays dropped their price objective on shares of Cousins Properties from $29.00 to $25.00 and set an “overweight” rating for the company in a report on Wednesday, March 27th. Finally, Truist Financial dropped their price objective on shares of Cousins Properties from $27.00 to $26.00 and set a “buy” rating for the company in a report on Tuesday, January 16th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target 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.