Brokerages Anticipate Franklin Street Properties Corp. (NASDAQ:FSP) to Announce $0.21 Earnings Per Share

Equities research analysts expect Franklin Street Properties Corp. (NASDAQ:FSP) to report earnings of $0.21 per share for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Franklin Street Properties’ earnings, with estimates ranging from $0.21 to $0.22. Franklin Street Properties posted earnings per share of $0.24 during the same quarter last year, which would suggest a negative year-over-year growth rate of 12.5%. The business is expected to announce its next quarterly earnings results on Tuesday, October 29th.

According to Zacks, analysts expect that Franklin Street Properties will report full-year earnings of $0.86 per share for the current financial year, with EPS estimates ranging from $0.85 to $0.88. For the next year, analysts expect that the business will report earnings of $0.86 per share, with EPS estimates ranging from $0.80 to $0.90. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Franklin Street Properties.

Separately, BidaskClub upgraded shares of Franklin Street Properties from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st.

NASDAQ FSP traded up $0.02 on Thursday, hitting $8.32. The company’s stock had a trading volume of 619,255 shares, compared to its average volume of 325,789. Franklin Street Properties has a 1-year low of $5.87 and a 1-year high of $8.66. The company’s 50-day moving average is $7.83 and its 200 day moving average is $7.60.

About Franklin Street Properties

Franklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on investing in institutional-quality office properties in the U.S. FSP's strategy is to invest in select urban infill and central business district (CBD) properties, with primary emphasis on our five core markets of Atlanta, Dallas, Denver, Houston, and Minneapolis.

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