BMO Capital Markets Has Negative Earnings Outlook Update for Franklin Resources (BEN)
Equities research analysts at BMO Capital Markets lowered their earnings per share estimates on shares of Franklin Resources (NYSE: BEN) in a research note issued to investors on Wednesday. The firm currently has a “market perform” rating and a $133.00 price target on the company’s shares.
BEN has been the subject of a number of other recent research reports. Analysts at Barclays Capital (NYSE: BCS) cut their price target on shares of Franklin Resources from $143.00 to $139.00 in a research note to investors on Thursday, May 3rd. They now have an “overweight” rating on the stock. Separately, analysts at Nomura (NYSE: NMR) reiterated a “neutral” rating on shares of Franklin Resources in a research note to investors on Thursday, May 3rd. Finally, analysts at UBS AG (NYSE: UBS) raised their price target on shares of Franklin Resources from $117.00 to $124.00 in a research note to investors on Tuesday, April 17th. They now have a “neutral” rating on the stock.
Shares of Franklin Resources traded up 0.52% during mid-day trading on Wednesday, hitting $115.39. Franklin Resources has a one year low of $87.71 and a one year high of $137.56. The company has a market cap of $24.830 billion and a P/E ratio of 13.23.
Franklin Resources last issued its quarterly earnings data on Wednesday, May 2nd. The company reported $2.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.23 by $0.09. The company’s quarterly revenue was up 1.7% on a year-over-year basis. On average, analysts predict that Franklin Resources will post $2.33 earnings per share next quarter.
Franklin Resources, Inc. (Franklin) is a holding company. Franklin together with its various subsidiaries (collectively, the Company), is referred to as Franklin Templeton Investments, is a global investment management organization offering investment choices under the Franklin, Templeton, Mutual Series, Bissett, Fiduciary and Darby brand names.