Franklin Resources (BEN) Scheduled to Post Earnings on Monday

Franklin Resources (NYSE:BEN) will be issuing its quarterly earnings data before the market opens on Monday, April 29th. Analysts expect the company to announce earnings of $0.58 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Franklin Resources (NYSE:BEN) last posted its quarterly earnings data on Monday, January 29th. The closed-end fund reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.07. Franklin Resources had a return on equity of 11.15% and a net margin of 12.30%. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the company earned $0.51 earnings per share. The company’s revenue was up 1.2% compared to the same quarter last year. 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 Price Performance

Franklin Resources stock opened at $24.99 on Friday. Franklin Resources has a 12 month low of $21.88 and a 12 month high of $30.32. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.92 and a quick ratio of 1.92. The business has a 50 day simple moving average of $26.87 and a 200-day simple moving average of $26.35. The stock has a market capitalization of $13.16 billion, a PE ratio of 13.15, a price-to-earnings-growth ratio of 1.31 and a beta of 1.40.

Franklin Resources Announces Dividend

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

Analysts Set New Price Targets

A number of research firms recently commented on BEN. BMO Capital Markets increased their price objective 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. Morgan Stanley raised their price objective on Franklin Resources from $24.00 to $25.00 and gave the stock an “underweight” rating in a report on Wednesday, April 17th. Deutsche Bank Aktiengesellschaft dropped their target price on Franklin Resources from $30.00 to $28.00 and set a “hold” rating on the stock in a report on Tuesday, January 30th. UBS Group raised their target price on Franklin Resources from $26.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, January 10th. Finally, Wells Fargo & Company upgraded Franklin Resources from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $24.00 to $30.00 in a report on Monday, January 8th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat.com, Franklin Resources presently has a consensus rating of “Hold” and an average price target of $27.50.

About Franklin Resources

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.