Equities analysts expect Franklin Street Properties Corp. (NASDAQ:FSP) to post $65.23 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Franklin Street Properties’ earnings, with the lowest sales estimate coming in at $64.87 million and the highest estimate coming in at $65.59 million. Franklin Street Properties posted sales of $66.69 million during the same quarter last year, which suggests a negative year over year growth rate of 2.2%. The firm is scheduled to announce its next earnings report after the market closes on Tuesday, July 30th.

On average, analysts expect that Franklin Street Properties will report full year sales of $260.92 million for the current year, with estimates ranging from $258.20 million to $263.63 million. For the next fiscal year, analysts forecast that the firm will report sales of $267.12 million, with estimates ranging from $262.58 million to $271.66 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that follow Franklin Street Properties.

Separately, BidaskClub downgraded ZIX from a “strong-buy” rating to a “buy” rating in a report on Friday, June 7th.

Shares of FSP stock traded down $0.07 on Friday, reaching $7.49. 361,562 shares of the stock were exchanged, compared to its average volume of 330,206. The stock’s 50 day moving average price is $7.55. Franklin Street Properties has a 1-year low of $5.87 and a 1-year high of $9.22.

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.

See Also: Net Margin

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