Brokerages Anticipate Franklin Street Properties Corp. (NASDAQ:FSP) to Announce $0.21 Earnings Per Share

Analysts forecast that Franklin Street Properties Corp. (NASDAQ:FSP) will announce earnings of $0.21 per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Franklin Street Properties’ earnings, with estimates ranging from $0.20 to $0.21. Franklin Street Properties reported earnings per share of $0.24 in the same quarter last year, which suggests a negative year-over-year growth rate of 12.5%. The business is scheduled to announce its next quarterly earnings results on Tuesday, July 30th.

On average, analysts expect that Franklin Street Properties will report full year earnings of $0.83 per share for the current year, with EPS estimates ranging from $0.82 to $0.86. For the next fiscal year, analysts forecast that the company will report earnings of $0.86 per share, with EPS estimates ranging from $0.80 to $0.90. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Franklin Street Properties.

Separately, BidaskClub raised shares of Franklin Street Properties from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 15th.

Shares of FSP traded down $0.14 during mid-day trading on Wednesday, hitting $7.44. 11,712 shares of the company’s stock were exchanged, compared to its average volume of 336,689. Franklin Street Properties has a 52 week low of $5.87 and a 52 week high of $9.22. The stock has a 50-day moving average of $7.62.

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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