Franklin Resources (BEN) Projected to Post Earnings on Friday

Franklin Resources (NYSE:BEN) is anticipated to announce its earnings results before the market opens on Friday, January 31st. Analysts expect the company to announce earnings of $0.56 per share and revenue of $2.49 billion for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Franklin Resources (NYSE:BEN) last released 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 firm had revenue of $2.21 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same quarter last year, the company earned $0.84 earnings per share. The business’s revenue for the quarter 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 1.0 %

NYSE:BEN opened at $20.07 on Thursday. The stock has a fifty day simple moving average of $20.92 and a 200 day simple moving average of $21.03. The firm has a market capitalization of $10.52 billion, a price-to-earnings ratio of 23.34, a price-to-earnings-growth ratio of 1.28 and a beta of 1.41. Franklin Resources has a 1-year low of $18.83 and a 1-year high of $28.61. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.92.

Franklin Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Monday, December 30th were given a dividend of $0.32 per share. This is a boost from Franklin Resources’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Monday, December 30th. This represents a $1.28 dividend on an annualized basis and a yield of 6.38%. Franklin Resources’s dividend payout ratio (DPR) is presently 148.84%.

Analysts Set New Price Targets

A number of research analysts recently commented on BEN shares. Deutsche Bank Aktiengesellschaft cut their target price on Franklin Resources from $20.00 to $19.00 and set a “hold” rating for the company in a research note on Tuesday, November 5th. StockNews.com upgraded shares of Franklin Resources from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Barclays dropped their price target on Franklin Resources from $21.00 to $19.00 and set an “underweight” rating for the company in a report on Friday, January 17th. Keefe, Bruyette & Woods reissued an “underperform” rating and set a $19.00 price target (down from $20.00) on shares of Franklin Resources in a research note on Tuesday, November 5th. Finally, Morgan Stanley upped their price objective on Franklin Resources from $18.00 to $19.00 and gave the stock an “underweight” rating in a report on Friday, December 20th. Four research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus 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.