Equities analysts forecast that Franklin Templeton Investments (NYSE:BEN) will post earnings of $0.75 per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Franklin Templeton Investments’ earnings. The highest EPS estimate is $0.79 and the lowest is $0.73. Franklin Templeton Investments reported earnings of $0.74 per share during the same quarter last year, which would suggest a positive year over year growth rate of 1.4%. The firm is expected to issue its next earnings report before the market opens on Thursday, April 26th.

On average, analysts expect that Franklin Templeton Investments will report full-year earnings of $3.16 per share for the current financial year, with EPS estimates ranging from $3.02 to $3.37. For the next fiscal year, analysts forecast that the business will report earnings of $3.40 per share, with EPS estimates ranging from $3.30 to $3.64. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Franklin Templeton Investments.

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Franklin Templeton Investments (NYSE:BEN) last announced its quarterly earnings data on Tuesday, January 30th. The closed-end fund reported $0.88 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.13. Franklin Templeton Investments had a return on equity of 13.88% and a net margin of 10.44%. The business had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same period in the previous year, the business posted $0.77 EPS. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year.

Several equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $47.00 price target on shares of Franklin Templeton Investments in a research report on Friday, December 22nd. Zacks Investment Research upgraded Franklin Templeton Investments from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Thursday, January 11th. ValuEngine cut Franklin Templeton Investments from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Deutsche Bank decreased their price target on Franklin Templeton Investments from $40.00 to $37.00 and set a “hold” rating on the stock in a research report on Tuesday, March 6th. Finally, Credit Suisse Group decreased their price target on Franklin Templeton Investments from $57.00 to $34.00 and set an “underperform” rating on the stock in a research report on Thursday, April 5th. Four research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. The stock has an average rating of “Hold” and an average price target of $41.09.

Hedge funds and other institutional investors have recently modified their holdings of the company. We Are One Seven LLC purchased a new position in shares of Franklin Templeton Investments during the fourth quarter worth about $113,000. Cerebellum GP LLC purchased a new position in shares of Franklin Templeton Investments during the fourth quarter worth about $125,000. Valeo Financial Advisors LLC grew its holdings in shares of Franklin Templeton Investments by 150.9% during the fourth quarter. Valeo Financial Advisors LLC now owns 4,015 shares of the closed-end fund’s stock worth $174,000 after purchasing an additional 2,415 shares in the last quarter. Buckley Wealth Management LLC purchased a new position in shares of Franklin Templeton Investments during the fourth quarter worth about $202,000. Finally, Highbridge Capital Management LLC purchased a new position in shares of Franklin Templeton Investments during the third quarter worth about $210,000. 46.94% of the stock is owned by institutional investors.

Franklin Templeton Investments stock remained flat at $$33.84 during midday trading on Tuesday. The company had a trading volume of 794,242 shares, compared to its average volume of 3,553,156. Franklin Templeton Investments has a fifty-two week low of $32.41 and a fifty-two week high of $47.65. The company has a market cap of $18,288.98, a PE ratio of 11.24, a P/E/G ratio of 1.42 and a beta of 1.59. The company has a quick ratio of 4.28, a current ratio of 4.28 and a debt-to-equity ratio of 0.09.

The business also recently declared a special dividend, which was paid on Thursday, April 12th. Stockholders of record on Thursday, March 29th were given a dividend of $3.00 per share. The ex-dividend date of this dividend was Wednesday, March 28th. This is a boost from Franklin Templeton Investments’s previous special dividend of $0.50. This represents a dividend yield of 2.35%. Franklin Templeton Investments’s dividend payout ratio is currently 30.56%.

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Franklin Templeton Investments Company Profile

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.

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Earnings History and Estimates for Franklin Templeton Investments (NYSE:BEN)

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