BMO Capital Markets Has Negative Earnings Outlook Update for Franklin Resources (BEN)

By admin | 6 years ago

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.

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