Franklin Resources (BEN) Scheduled to Post Earnings on Thursday
Franklin Resources (NYSE:BEN) will be posting its Q413 quarterly earnings results on Thursday, October 24th. Analysts expect Franklin Resources to post earnings of $0.86 per share and revenue of $2.08 billion for the quarter.
Franklin Resources (NYSE:BEN) last released its earnings data on Monday, July 29th. The company reported $0.86 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.85 by $0.01. The company had revenue of $2.08 million for the quarter, compared to the consensus estimate of $2.06 million. During the same quarter last year, the company posted $2.12 earnings per share. Franklin Resources’s revenue was up 16.9% compared to the same quarter last year. On average, analysts expect Franklin Resources to post $3.44 EPS for the current fiscal year and $3.72 EPS for the next fiscal year.
Shares of Franklin Resources (NYSE:BEN) opened at 54.16 on Wednesday. Franklin Resources has a 1-year low of $41.0033 and a 1-year high of $56.54. The stock’s 50-day moving average is $47.79 and its 200-day moving average is $49.36. The company has a market cap of $34.402 billion and a P/E ratio of 16.25.
BEN has been the subject of a number of recent research reports. Analysts at Susquehanna raised their price target on shares of Franklin Resources from $58.00 to $60.00 in a research note to investors on Tuesday, October 15th. They now have a “positive” rating on the stock. On a related note, analysts at Keefe, Bruyette & Woods raised their price target on shares of Franklin Resources from $57.00 to $58.00 in a research note to investors on Wednesday, October 9th. They now have an “outperform” rating on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Franklin Resources from $48.00 to $54.00 in a research note to investors on Tuesday, October 8th. They now have a “neutral” rating on the stock. Ten analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $122.81.
Franklin Resources, Inc (NYSE:BEN) is a holding company.
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