Cousins Properties (NYSE:CUZ – Get Free Report) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 2.630-2.680 for the period, compared to the consensus estimate of 2.650. The company issued revenue guidance of -. Cousins Properties also updated its FY24 guidance to $2.63-2.68 EPS.
Cousins Properties Stock Performance
NYSE:CUZ traded up $2.06 during trading hours on Friday, reaching $27.24. The company had a trading volume of 2,703,780 shares, compared to its average volume of 1,132,019. The firm has a market cap of $4.14 billion, a PE ratio of 55.59, a price-to-earnings-growth ratio of 4.52 and a beta of 1.30. Cousins Properties has a 1-year low of $17.40 and a 1-year high of $27.30. The business’s 50 day moving average price is $23.40 and its 200-day moving average price is $23.26. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.07 and a quick ratio of 1.07.
Cousins Properties (NYSE:CUZ – Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.61). The business had revenue of $212.98 million during the quarter, compared to analysts’ expectations of $208.18 million. Cousins Properties had a net margin of 7.25% and a return on equity of 1.30%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm earned $2.75 earnings per share. Research analysts forecast that Cousins Properties will post 2.65 EPS for the current year.
Cousins Properties Announces Dividend
Analyst Ratings Changes
Separately, StockNews.com raised Cousins Properties from a sell rating to a hold rating in a research note on Thursday, May 23rd. Two 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. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of $23.67.
Read Our Latest Research Report on CUZ
Insiders Place Their Bets
In other news, CFO Gregg D. Adzema sold 71,097 shares of the stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $23.31, for a total transaction of $1,657,271.07. Following the completion of the transaction, the chief financial officer now directly owns 85,872 shares in the company, valued at approximately $2,001,676.32. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.40% of the company’s stock.
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.
Read More
- Five stocks we like better than Cousins Properties
- With Risk Tolerance, One Size Does Not Fit All
- Is Crypto Cool Again? What Stocks You Should Be Watching
- 3 Grocery Stocks That Can Help Take a Bite Out of Inflation
- Why Call Options Volume for These 2 Stocks Spiked Together
- What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story
- MarketBeat Week in Review – 7/22 – 7/26
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.