Cousins Properties Incorporated (NYSE:CUZ) is expected to report third quarter earnings results, after market close, on Wednesday 28th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.13 per share.
Looking ahead, the full year income are expected at $ 1.59 per share on the revenues of $ 727.37 million.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 2.72 ~ $ 2.86 per share
Click Here For More Historical Outlooks Of Cousins Properties Incorporated
Previous Quarter Performance
Cousins Properties Incorporated announced income for the second quarter of $ 0.66 per share, from the revenue of $ 179.91 million. The quarterly earnings 106.25 percent while revenues grew 26.68 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.13 per share from $ 174.88 million in revenue. The bottom line results beat street analysts by $ 0.53 or 407.69 percent, at the same time, top line results outshined analysts by $ 5.03 million or 2.88 percent.
Stock Performance
Shares of Cousins Properties Incorporated traded low $ -0.76 or -2.87 percent on Tuesday, reaching $ 25.69 with volume of 1.26 million shares. Cousins Properties Incorporated has traded high as $ 26.58 and has cracked $ 25.69 on the downward trend
According to the previous trading day, closing price of $ 25.69, representing a 25.06 % increase from the 52 week low of $ 21.15 and a 38.47 % decrease over the 52 week high of $ 42.99.
The company has a market capital of $ 3.82 billion and is part of the Real Estate sector and REIT – Diversified industry.
Recent Analyst recommendations
- On 23rd September 2020, maintained by Wells Fargo & Co at Overweight rating, with $ 35.00 target price.
Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office towers located in high-growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing and management of high-quality real estate assets.
