Franklin Street Properties Corp. (NASDAQ:FSP) Expected to Post Earnings of $0.23 Per Share

Equities research analysts expect that Franklin Street Properties Corp. (NASDAQ:FSP) will announce earnings of $0.23 per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Franklin Street Properties’ earnings, with the highest EPS estimate coming in at $0.24 and the lowest estimate coming in at $0.22. Franklin Street Properties also posted earnings per share of $0.23 during the same quarter last year. The business is expected to announce its next quarterly earnings results on Tuesday, February 11th.

According to Zacks, analysts expect that Franklin Street Properties will report full-year earnings of $0.89 per share for the current year, with EPS estimates ranging from $0.88 to $0.89. For the next year, analysts forecast that the company will report earnings of $0.83 per share, with EPS estimates ranging from $0.75 to $0.89. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that cover Franklin Street Properties.

FSP has been the subject of several research analyst reports. BidaskClub downgraded shares of Franklin Street Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, December 31st. B. Riley restated a “buy” rating on shares of Franklin Street Properties in a research report on Monday, November 4th.

FSP traded down $0.01 during trading on Friday, hitting $7.96. 400,600 shares of the stock traded hands, compared to its average volume of 364,358. Franklin Street Properties has a twelve month low of $6.70 and a twelve month high of $8.97. The business has a 50 day moving average price of $8.43 and a 200 day moving average price of $8.20.

About Franklin Street Properties

Franklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on investing in institutional-quality office properties in the U.S. FSP's strategy is to invest in select urban infill and central business district (CBD) properties, with primary emphasis on our five core markets of Atlanta, Dallas, Denver, Houston, and Minneapolis.

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