Franklin Street Properties Corp. (NYSE:FSP) Expected to Post Earnings of $0.12 Per Share

Brokerages expect Franklin Street Properties Corp. (NYSE:FSPGet Rating) to report $0.12 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Franklin Street Properties’ earnings. The highest EPS estimate is $0.12 and the lowest is $0.11. Franklin Street Properties posted earnings of $0.17 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 29.4%. The firm is scheduled to issue its next earnings report on Monday, January 1st.

On average, analysts expect that Franklin Street Properties will report full-year earnings of $0.43 per share for the current financial year, with EPS estimates ranging from $0.41 to $0.45. For the next year, analysts expect that the business will post earnings of $0.46 per share, with EPS estimates ranging from $0.42 to $0.49. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for Franklin Street Properties.

Separately, raised Franklin Street Properties from a “hold” rating to a “buy” rating in a report on Thursday.

Franklin Street Properties stock traded up $0.02 during midday trading on Thursday, reaching $5.55. The stock had a trading volume of 608,941 shares, compared to its average volume of 533,341. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.23 and a quick ratio of 1.23. The firm has a market cap of $573.24 million, a price-to-earnings ratio of 6.31 and a beta of 0.86. Franklin Street Properties has a 12 month low of $4.41 and a 12 month high of $6.58. The business has a 50-day moving average of $5.72.

About Franklin Street Properties (Get Rating)

Franklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on infill and central business district (CBD) office properties in the U.S. Sunbelt and Mountain West, as well as select opportunistic markets. FSP seeks value-oriented investments with an eye towards long-term growth and appreciation, as well as current income.

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