Zacks: Brokerages Anticipate Franklin Street Properties Corp. (NYSE:FSP) Will Announce Quarterly Sales of $40.93 Million

Analysts expect that Franklin Street Properties Corp. (NYSE:FSPGet Rating) will post $40.93 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided 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 reported sales of $56.15 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 27.1%. The firm is scheduled to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Franklin Street Properties will report full-year sales of $160.75 million for the current financial year, with estimates ranging from $155.22 million to $166.27 million. For the next fiscal year, analysts expect that the company will post sales of $156.10 million, with estimates ranging from $139.93 million to $172.27 million. Zacks’ sales calculations 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 note on Tuesday.

Shares of FSP stock opened at $4.48 on Friday. The stock has a market cap of $462.12 million, a PE ratio of 4.98 and a beta of 0.87. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.62. The company’s 50 day simple moving average is $5.51. Franklin Street Properties has a 12 month low of $4.34 and a 12 month high of $6.58.

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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