Franklin Resources (BEN) Projected to Post Earnings on Friday

Franklin Resources (NYSE:BENGet Free Report) is projected to post its quarterly earnings results before the market opens on Friday, January 31st. Analysts expect Franklin Resources to post earnings of $0.56 per share and revenue of $2.49 billion for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Franklin Resources (NYSE:BENGet Free Report) last released its quarterly earnings data on Monday, November 4th. The closed-end fund reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.01). The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $1.70 billion. Franklin Resources had a net margin of 5.48% and a return on equity of 9.62%. The company’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.84 EPS. On average, analysts expect Franklin Resources to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Franklin Resources Stock Performance

BEN opened at $20.31 on Wednesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.63 and a current ratio of 1.63. The stock has a market capitalization of $10.64 billion, a price-to-earnings ratio of 23.61, a PEG ratio of 1.28 and a beta of 1.41. The company has a fifty day moving average of $20.94 and a 200 day moving average of $21.05. Franklin Resources has a fifty-two week low of $18.83 and a fifty-two week high of $28.61.

Franklin Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Monday, December 30th were given a dividend of $0.32 per share. This is a positive change from Franklin Resources’s previous quarterly dividend of $0.31. The ex-dividend date was Monday, December 30th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 6.30%. Franklin Resources’s dividend payout ratio (DPR) is presently 148.84%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BEN. The Goldman Sachs Group upgraded Franklin Resources from a “sell” rating to a “neutral” rating and raised their price target for the company from $21.00 to $22.00 in a report on Monday, January 6th. StockNews.com upgraded shares of Franklin Resources from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Barclays lowered their price objective on shares of Franklin Resources from $21.00 to $19.00 and set an “underweight” rating for the company in a research report on Friday, January 17th. Morgan Stanley boosted their target price on shares of Franklin Resources from $18.00 to $19.00 and gave the stock an “underweight” rating in a report on Friday, December 20th. Finally, TD Cowen dropped their price target on Franklin Resources from $20.00 to $18.50 and set a “hold” rating for the company in a research report on Tuesday, November 5th. Four equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat.com, Franklin Resources currently has a consensus rating of “Hold” and a consensus price target of $20.18.

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Franklin Resources Company Profile

(Get Free Report)

Franklin Resources, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries.

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Earnings History for Franklin Resources (NYSE:BEN)

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