Franklin Resources Inc reports results for the quarter ended December 31 - Earnings Summary

• Franklin Resources Inc BEN.N reported quarterly adjusted earnings of 59 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 65 cents. The mean expectation of thirteen analysts for the quarter was for earnings of 53 cents per share. Wall Street expected results to range from 50 cents to 55 cents per share.

• Revenue rose 10% to $1.68 billion from a year ago; analysts expected $1.74 billion.

• Franklin Resources Inc's reported EPS for the quarter was 29 cents​.

• The company reported quarterly net income of $163.6 million.

• Franklin Resources Inc shares had fallen by 0.7% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 15.6% in the last three months.​

• In the last 30 days, eleven analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 10 "hold" and 4 "sell" or "strong sell."

• The average consensus recommendation for the investment management & fund operators peer group is also "hold"

Wall Street's median 12-month price target for Franklin Resources Inc is $19.00

This summary was machine generated from LSEG data January 31 at 02:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)