Zacks: Analysts Anticipate Franklin Street Properties Corp. (NYSE:FSP) Will Post Quarterly Sales of $41.11 Million

Wall Street brokerages expect Franklin Street Properties Corp. (NYSE:FSPGet Rating) to post $41.11 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Franklin Street Properties’ earnings. The highest sales estimate is $41.44 million and the lowest is $40.78 million. Franklin Street Properties posted sales of $59.04 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 30.4%. The business is expected to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Franklin Street Properties will report full-year sales of $157.30 million for the current year, with estimates ranging from $148.33 million to $166.27 million. For the next financial year, analysts expect that the company will post sales of $151.07 million, with estimates ranging from $129.87 million to $172.27 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Franklin Street Properties.

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

Shares of NYSE FSP opened at $5.48 on Friday. The firm has a 50 day moving average price of $5.71. The stock has a market capitalization of $566.01 million, a price-to-earnings ratio of 6.23 and a beta of 0.86. Franklin Street Properties has a 52 week low of $4.41 and a 52 week high of $6.58. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.60.

Franklin Street Properties Company Profile (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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