$0.23 EPS Expected for Franklin Street Properties Corp. (NASDAQ:FSP) This Quarter

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Wall Street brokerages forecast that Franklin Street Properties Corp. (NASDAQ:FSP) will report earnings of $0.23 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Franklin Street Properties’ earnings, with the lowest EPS estimate coming in at $0.22 and the highest estimate coming in at $0.24. Franklin Street Properties also reported earnings per share of $0.23 during the same quarter last year. The company is expected to issue its next quarterly earnings report on Tuesday, February 11th.

On average, analysts expect that Franklin Street Properties will report full-year earnings of $0.89 per share for the current fiscal year, with EPS estimates ranging from $0.88 to $0.89. For the next year, analysts anticipate that the firm will report earnings of $0.84 per share, with EPS estimates ranging from $0.75 to $0.90. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Franklin Street Properties.

FSP has been the subject of a number of research analyst reports. B. Riley reissued a “buy” rating on shares of Franklin Street Properties in a report on Monday. BidaskClub lowered Franklin Street Properties from a “buy” rating to a “hold” rating in a report on Friday.

Shares of Franklin Street Properties stock traded up $0.05 on Friday, reaching $8.68. The company’s stock had a trading volume of 218,300 shares, compared to its average volume of 318,618. The firm’s fifty day simple moving average is $8.58 and its two-hundred day simple moving average is $7.91. Franklin Street Properties has a 52 week low of $5.87 and a 52 week 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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