Franklin Resources (BEN) Expected to Announce Quarterly Earnings on Friday

Franklin Resources (NYSE:BEN) is expected 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 interested in participating in the company’s earnings conference call can do so using this link.

Franklin Resources (NYSE:BEN) last posted its earnings results on Monday, November 4th. The closed-end fund reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). Franklin Resources had a return on equity of 9.62% and a net margin of 5.48%. The company had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter in the prior year, the company earned $0.84 EPS. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. 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 Trading Down 0.0 %

Shares of NYSE:BEN opened at $20.31 on Wednesday. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $10.64 billion, a PE ratio of 23.61, a P/E/G ratio of 1.28 and a beta of 1.41. Franklin Resources has a 12-month low of $18.83 and a 12-month high of $28.61. The business’s fifty day simple moving average is $20.94 and its 200-day simple moving average is $21.05.

Franklin Resources Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Monday, December 30th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 6.30%. The ex-dividend date was Monday, December 30th. This is a positive change from Franklin Resources’s previous quarterly dividend of $0.31. Franklin Resources’s payout ratio is 148.84%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BEN. Wells Fargo & Company cut their price target on shares of Franklin Resources from $22.50 to $20.50 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft reduced their target price on Franklin Resources from $20.00 to $19.00 and set a “hold” rating on the stock in a research report on Tuesday, November 5th. UBS Group lowered their price target on Franklin Resources from $24.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, October 22nd. Evercore ISI cut their price objective on shares of Franklin Resources from $20.00 to $19.00 and set an “underperform” rating on the stock in a report on Friday, October 4th. Finally, Keefe, Bruyette & Woods reiterated an “underperform” rating and issued a $19.00 target price (down from $20.00) on shares of Franklin Resources in a research note on Tuesday, November 5th. Four investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $20.18.

Franklin Resources Company Profile

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.