Analysts Anticipate Franklin Street Properties Corp. (NASDAQ:FSP) to Announce $0.23 Earnings Per Share

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Brokerages expect Franklin Street Properties Corp. (NASDAQ:FSP) to report earnings of $0.23 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Franklin Street Properties’ earnings. The highest EPS estimate is $0.24 and the lowest is $0.22. Franklin Street Properties also posted earnings of $0.23 per share during the same quarter last year. The firm is scheduled to report its next 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 fiscal year, analysts forecast that the company will post earnings of $0.83 per share, with EPS estimates ranging from $0.75 to $0.89. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover Franklin Street Properties.

A number of equities analysts have recently issued reports on FSP shares. B. Riley restated a “buy” rating on shares of Franklin Street Properties in a research note on Monday, November 4th. BidaskClub cut Franklin Street Properties from a “buy” rating to a “hold” rating in a research report on Friday, November 8th.

Shares of NASDAQ FSP traded up $0.06 during midday trading on Tuesday, hitting $8.63. 258,184 shares of the stock traded hands, compared to its average volume of 316,094. The firm has a 50-day moving average of $8.64 and a two-hundred day moving average of $8.01. Franklin Street Properties has a one year low of $5.87 and a one year high of $8.97.

Franklin Street Properties Company Profile

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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