Franklin Resources (BEN) to Release Quarterly Earnings on Monday

Franklin Resources (NYSE:BEN) will be announcing its earnings results before the market opens on Monday, April 29th. Analysts expect the company to announce earnings of $0.58 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Franklin Resources (NYSE:BEN) last issued its quarterly earnings results on Monday, January 29th. The closed-end fund reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. The business had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Franklin Resources had a return on equity of 11.15% and a net margin of 12.30%. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.51 earnings per share. On average, analysts expect Franklin Resources to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Franklin Resources Stock Performance

Shares of BEN opened at $24.99 on Friday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.86. Franklin Resources has a 52 week low of $21.88 and a 52 week high of $30.32. The business has a 50-day simple moving average of $26.87 and a two-hundred day simple moving average of $26.33. The stock has a market cap of $13.16 billion, a price-to-earnings ratio of 13.15, a PEG ratio of 1.32 and a beta of 1.40.

Franklin Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 4.96%. The ex-dividend date of this dividend was Wednesday, March 27th. Franklin Resources’s dividend payout ratio is currently 65.26%.

Analysts Set New Price Targets

Several research firms recently issued reports on BEN. UBS Group increased their target price on Franklin Resources from $26.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 10th. StockNews.com cut Franklin Resources from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Deutsche Bank Aktiengesellschaft cut their target price on Franklin Resources from $30.00 to $28.00 and set a “hold” rating for the company in a research report on Tuesday, January 30th. TD Cowen assumed coverage on Franklin Resources in a research report on Thursday, January 4th. They set a “market perform” rating and a $32.00 target price for the company. Finally, BMO Capital Markets increased their price target on Franklin Resources from $27.00 to $30.00 and gave the company a “market perform” rating in a research note on Tuesday, January 30th. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $27.50.

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.