Franklin Resources Inc (NYSE: BEN) has reported earnings for its second fiscal quarter (ending March 31) of $0.23 versus $0.38 for the same period a year ago — a decline of -39%. This performance was $-0.50 short of the consensus estimate of $0.73. E.P.S. were $1.73 for the latest four quarters through March 31 versus $1.66 for the same period a year ago — an increase of 4%.
Recent Price Action
On 4/29/24, Franklin Resources Inc (NYSE: BEN) stock suffered a large decline of -6.4%, closing at $23.38. Moreover, exceptionally high trading volume at 282% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -7.0% during the last week.
Current PriceTarget Research Rating
BEN is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Franklin Resources has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. Franklin Resources has a slightly positive Power Rating of 70 and a very high Appreciation Score of 91, resulting in the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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