Cousins Properties (NYSE:CUZ – Get Free Report) updated its FY24 earnings guidance on Thursday. The company provided EPS guidance of $2.60-$2.67 for the period, compared to the consensus EPS estimate of $2.62. Cousins Properties also updated its FY 2024 guidance to 2.600-2.670 EPS.
Cousins Properties Price Performance
NYSE CUZ traded down $0.18 on Friday, reaching $22.86. The company had a trading volume of 2,938,154 shares, compared to its average volume of 1,164,756. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $3.48 billion, a PE ratio of 46.65, a price-to-earnings-growth ratio of 6.22 and a beta of 1.27. The firm’s 50 day moving average price is $23.05 and its 200 day moving average price is $22.16. Cousins Properties has a 12 month low of $17.40 and a 12 month high of $25.19.
Cousins Properties (NYSE:CUZ – Get Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 9.15% and a return on equity of 1.62%. The business’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.66 earnings per share. As a group, equities analysts predict that Cousins Properties will post 2.61 earnings per share for the current year.
Cousins Properties Dividend Announcement
Analysts Set New Price Targets
CUZ has been the topic of a number of research reports. Truist Financial reduced their price target 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. StockNews.com upgraded shares of Cousins Properties from a sell rating to a hold rating in a report on Thursday, April 11th. Finally, Barclays reduced 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 investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $23.67.
Read Our Latest Analysis on CUZ
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.
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