Franklin Resources Inc (NYSE: BEN) has reported E.P.S. of $0.32 for its third fiscal quarter (ending June 30) versus $0.44 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $1.62 compared to $1.60 a year ago.
Recent Price Action
On 7/26/24, Franklin Resources Inc (NYSE: BEN) stock declined by -2.4%, closing at $23.08. Moreover, trading volume in this decline was unusually high at 186% of normal. Relative to the market the stock has been weak over the last nine months and has declined -2.2% during the last week.
Current PriceTarget Research Rating
BEN’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Franklin Resources has a current Value Trend Rating of A (Highest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Franklin Resources has a very high Appreciation Score of 93 but a neutral Power Rating of 49, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information and negative market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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