Zacks: Brokerages Expect Franklin Street Properties Corp. (NYSE:FSP) Will Post Earnings of $0.11 Per Share

Wall Street analysts expect that Franklin Street Properties Corp. (NYSE:FSPGet Rating) will announce earnings of $0.11 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Franklin Street Properties’ earnings. The highest EPS estimate is $0.11 and the lowest is $0.10. Franklin Street Properties posted earnings of $0.14 per share in the same quarter last year, which suggests a negative year over year growth rate of 21.4%. The business is scheduled to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Franklin Street Properties will report full-year earnings of $0.40 per share for the current fiscal year, with EPS estimates ranging from $0.39 to $0.40. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.42 per share, with EPS estimates ranging from $0.41 to $0.42. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Franklin Street Properties.

Separately, cut shares of Franklin Street Properties from a “buy” rating to a “hold” rating in a research report on Tuesday.

Shares of FSP opened at $4.38 on Thursday. The firm has a market capitalization of $451.81 million, a P/E ratio of 4.87 and a beta of 0.87. The company’s fifty day moving average price is $5.53. Franklin Street Properties has a 1 year low of $4.34 and a 1 year high of $6.58. The company has a current ratio of 1.03, a quick ratio of 1.23 and a debt-to-equity ratio of 0.62.

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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