Franklin Resources, Inc. (BEN) Scheduled to Post Earnings on Tuesday
Franklin Resources, Inc. (NYSE:BEN) is scheduled to post its quarterly earnings results before the market opens on Tuesday, October 24th. Analysts expect Franklin Resources to post earnings of $0.71 per share for the quarter.
Franklin Resources (NYSE:BEN) last released its quarterly earnings data on Friday, July 28th. The closed-end fund reported $0.73 EPS for the quarter, hitting analysts’ consensus estimates of $0.73. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.62 billion. Franklin Resources had a return on equity of 13.96% and a net margin of 27.30%. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.77 EPS. On average, analysts expect Franklin Resources to post $2.97 EPS for the current fiscal year and $2.93 EPS for the next fiscal year.
Shares of Franklin Resources, Inc. (NYSE BEN) opened at 44.75 on Tuesday. The firm has a market capitalization of $24.96 billion, a P/E ratio of 14.56 and a beta of 1.72. Franklin Resources, Inc. has a 12-month low of $33.02 and a 12-month high of $47.65. The stock’s 50 day moving average price is $43.31 and its 200-day moving average price is $43.37.
The business also recently announced a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were given a $0.20 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.80 dividend on an annualized basis and a yield of 1.79%. Franklin Resources’s payout ratio is 26.14%.
A number of research analysts have recently weighed in on BEN shares. Zacks Investment Research upgraded shares of Franklin Resources from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a report on Tuesday, August 1st. BidaskClub downgraded shares of Franklin Resources from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Keefe, Bruyette & Woods restated a “hold” rating and set a $44.00 price target on shares of Franklin Resources in a report on Thursday, August 3rd. Deutsche Bank AG raised their price target on shares of Franklin Resources from $41.00 to $42.00 and gave the company a “hold” rating in a report on Tuesday, July 4th. Finally, Jefferies Group LLC restated a “hold” rating and set a $44.00 price target on shares of Franklin Resources in a report on Friday, July 14th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. Franklin Resources presently has a consensus rating of “Hold” and a consensus target price of $44.36.
Franklin Resources Company Profile
Franklin Resources, Inc is a holding company. The Company, along with its subsidiaries, operates as Franklin Templeton Investments. It is a global investment management company that provides investment management and related services to retail, institutional and high net-worth clients in jurisdictions around the world.
Receive News & Ratings for Franklin Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin Resources Inc. and related companies with MarketBeat.com's FREE daily email newsletter.