Franklin Resources (BEN) to Release Earnings on Friday

Franklin Resources (NYSE:BEN) is projected to release its earnings data before the market opens on Friday, January 31st. Analysts expect Franklin Resources to post earnings of $0.56 per share and revenue of $2,490,364.07 billion for the quarter. Investors interested in participating in the company’s 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 the consensus estimate of $0.60 by ($0.01). The company had revenue of $2.21 billion during the quarter, compared to analyst estimates of $1.70 billion. Franklin Resources had a return on equity of 9.62% and a net margin of 5.48%. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.84 earnings per share. 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

NYSE BEN opened at $19.99 on Friday. Franklin Resources has a 52-week low of $18.83 and a 52-week high of $28.61. The firm has a market capitalization of $10.48 billion, a price-to-earnings ratio of 23.25, a P/E/G ratio of 1.27 and a beta of 1.41. The company’s fifty day moving average is $21.03 and its two-hundred day moving average is $21.10. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.63 and a quick ratio of 1.63.

Franklin Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Monday, December 30th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, December 30th. This is a boost from Franklin Resources’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a dividend yield of 6.40%. Franklin Resources’s dividend payout ratio (DPR) is presently 148.84%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on BEN shares. UBS Group reduced their target price on shares of Franklin Resources from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 22nd. The Goldman Sachs Group upgraded Franklin Resources from a “sell” rating to a “neutral” rating and boosted their target price for the company from $21.00 to $22.00 in a research note on Monday, January 6th. Morgan Stanley raised their price target on Franklin Resources from $18.00 to $19.00 and gave the company an “underweight” rating in a research note on Friday, December 20th. TD Cowen cut their target price on shares of Franklin Resources from $20.00 to $18.50 and set a “hold” rating for the company in a research note on Tuesday, November 5th. Finally, Barclays reduced 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. Four analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to data from MarketBeat.com, Franklin Resources currently has an average rating of “Hold” and an average price target 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.