$40.93 Million in Sales Expected for Franklin Street Properties Corp. (NYSE:FSP) This Quarter

Wall Street brokerages forecast that Franklin Street Properties Corp. (NYSE:FSPGet Rating) will post sales of $40.93 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Franklin Street Properties’ earnings, with the highest sales estimate coming in at $41.52 million and the lowest estimate coming in at $40.34 million. Franklin Street Properties posted sales of $56.15 million in the same quarter last year, which suggests a negative year-over-year growth rate of 27.1%. The business is scheduled to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Franklin Street Properties will report full year sales of $160.75 million for the current year, with estimates ranging from $155.22 million to $166.27 million. For the next year, analysts anticipate that the company will post sales of $156.10 million, with estimates ranging from $139.93 million to $172.27 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Franklin Street Properties.

Separately, StockNews.com lowered Franklin Street Properties from a “buy” rating to a “hold” rating in a research report on Tuesday.

Shares of Franklin Street Properties stock opened at $4.48 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $462.12 million, a price-to-earnings ratio of 4.98 and a beta of 0.87. The company has a fifty day moving average price of $5.51. Franklin Street Properties has a fifty-two week low of $4.34 and a fifty-two week high of $6.58.

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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