Franklin Resources, Inc. (BEN) Earnings Estimates Increased by Credit Suisse (CS) Analysts
Tuesday, July 12, 2021 11:11 AM

Equities research analysts at Credit Suisse (NYSE: CS) raised their earnings per share estimates on shares of Franklin Resources, Inc. (NYSE: BEN) in a research note to investors on Tuesday. The analysts currently have a "neutral" rating and a $152.00 price target on the stock.

Separately, analysts at Ticonderoga raised their price target on shares of Franklin Resources, Inc. from $145.00 to $150.00 in a research note to investors on Tuesday. They now have a "buy" rating on the stock. Also, analysts at Zacks Investment Research downgraded shares of Franklin Resources, Inc. from an "outperform" rating to a "neutral" rating in a research note to investors on Thursday, July 7th.

Shares of Franklin Resources, Inc. traded up 0.61% during mid-day trading on Wednesday, hitting $132.57. Franklin Resources, Inc. has a 52 week low of $88.85 and a 52 week high of $137.56. The stock's 50-day moving average is $126.5 and its 200-day moving average is $123.. The company has a market cap of $29.412 billion and a price-to-earnings ratio of 17.13.

Franklin Resources, Inc. last announced its quarterly results on Thursday, April 28th. The company reported $2.25 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $2.01 EPS by $0.24. During the same quarter in the prior year, the company posted $1.55 earnings per share. The company’s quarterly revenue was up 23.80% on a year-over-year basis. On average, analysts predict that Franklin Resources, Inc. will post $2.21 EPS next quarter.

Franklin Resources, Inc. (Franklin) is a holding company. Franklin together with its various subsidiaries (collectively, the Company), is referred to as Franklin Templeton Investments, is a global investment management organization offering investment choices under the Franklin, Templeton, Mutual Series, Bissett, Fiduciary and Darby brand names. The Company operates in two segments: investment management and related services, and banking/finance. Its investment management and related services provides services to investment funds in jurisdictions globally, which include the United States- and non-the United States-registered open-end and closed-end funds, unregistered funds, and institutional, high net-worth and separately-managed accounts (collectively, its sponsored investment products). Its banking/finance segment provides clients with select retail banking, private banking and consumer lending services through its bank subsidiaries.

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