Q3 EPS Forecast for Franklin Resources Raised by Analyst

Key Points

• Zacks Research has raised its Q3 2027 earnings per share estimate for Franklin Resources, Inc. (NYSE:BEN) from $0.71 to $0.72.
• The latest full-year earnings consensus estimate for Franklin Resources stands at $2.16 per share, with an anticipated FY2027 EPS of $2.72.
• Franklin Resources recently declared a quarterly dividend of $0.32 per share, yielding 5.16%, although its payout ratio is notably high at 188.24%.

Franklin Resources, Inc. (NYSE:BEN - Free Report) - Equities research analysts at Zacks Research boosted their Q3 2027 earnings per share estimates for Franklin Resources in a research report issued on Wednesday, July 23rd. Zacks Research analyst R. Department now anticipates that the closed-end fund will post earnings of $0.72 per share for the quarter, up from their prior forecast of $0.71. The consensus estimate for Franklin Resources' current full-year earnings is $2.16 per share. Zacks Research also issued estimates for Franklin Resources' FY2027 earnings at $2.72 EPS.

Franklin Resources (NYSE:BEN - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The closed-end fund reported $0.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.47. The firm had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.44 billion. Franklin Resources had a return on equity of 9.13% and a net margin of 4.65%. The company's revenue was down 6.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.56 earnings per share.

Several other brokerages also recently commented on BEN. Wells Fargo & Company raised their price objective on shares of Franklin Resources from $21.50 to $26.00 and gave the stock an "equal weight" rating in a research report on Friday, July 11th. Bank of America cut their price objective on shares of Franklin Resources from $20.00 to $17.00 and set an "underperform" rating on the stock in a research report on Thursday, April 3rd. Evercore ISI cut their price objective on shares of Franklin Resources from $19.00 to $17.00 and set an "underperform" rating on the stock in a research report on Friday, April 11th. JPMorgan Chase & Co. increased their price objective on shares of Franklin Resources from $18.00 to $22.00 and gave the stock a "neutral" rating in a research report on Thursday, July 10th. Finally, Cowen reaffirmed a "buy" rating on shares of Franklin Resources in a research report on Monday, June 16th. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $21.92.

Franklin Resources Trading Down 0.4%

Shares of BEN stock traded down $0.10 during trading hours on Monday, hitting $24.57. 2,545,604 shares of the company were exchanged, compared to its average volume of 4,551,816. The firm has a market cap of $12.91 billion, a P/E ratio of 36.14, a P/E/G ratio of 1.79 and a beta of 1.45. Franklin Resources has a fifty-two week low of $16.25 and a fifty-two week high of $25.36. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.95 and a current ratio of 1.95. The company has a 50 day simple moving average of $23.22 and a two-hundred day simple moving average of $20.92.

Institutional Investors Weigh In On Franklin Resources

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. CoreCap Advisors LLC grew its stake in Franklin Resources by 147.1% in the 4th quarter. CoreCap Advisors LLC now owns 1,238 shares of the closed-end fund's stock valued at $25,000 after purchasing an additional 737 shares during the period. GeoWealth Management LLC grew its stake in Franklin Resources by 350.4% in the 4th quarter. GeoWealth Management LLC now owns 1,261 shares of the closed-end fund's stock valued at $26,000 after purchasing an additional 981 shares during the period. Headlands Technologies LLC bought a new position in Franklin Resources in the 4th quarter valued at $34,000. Manchester Capital Management LLC grew its stake in Franklin Resources by 49.9% in the 1st quarter. Manchester Capital Management LLC now owns 1,668 shares of the closed-end fund's stock valued at $32,000 after purchasing an additional 555 shares during the period. Finally, Contravisory Investment Management Inc. bought a new position in Franklin Resources in the 1st quarter valued at $46,000. 47.56% of the stock is owned by hedge funds and other institutional investors.

Franklin Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, June 27th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 5.21%. The ex-dividend date was Friday, June 27th. Franklin Resources's payout ratio is currently 188.24%.

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.