EXHIBIT 99.1 Contact: Franklin Resources, Inc. Investor Relations: Selene Oh (650) 312-4091, selene.oh@franklintempleton.com Media Relations: Jeaneen Terrio (212) 632-4005, jeaneen.terrio@franklintempleton.com investors.franklinresources.com FOR IMMEDIATE RELEASE Franklin Resources, Inc. Announces Second Quarter Results San Mateo, CA, April 29, 2024 – Franklin Resources, Inc. (the "Company") [NYSE: BEN] today announced net income of $124.2 million or $0.23 per diluted share for the quarter ended March 31, 2 ...

Investors are always looking for stocks that are poised to beat at earnings season and Franklin Resources Inc (BEN) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Franklin Resourcesis seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a p ...

Core Viewpoint - Franklin Resources, Inc. is recognized for its strong dividend yield of 4.88% and has a long-standing reputation for prudent investment practices, appealing to passive income investors [12]. Company Overview - Franklin Resources, Inc. operates as a holding company for the Franklin Templeton family of mutual funds, offering over 450 funds that cover a wide range of investment opportunities [1][4]. - Founded in 1947 by Rubert Johnson, the company emphasizes the principles of "frugality and prudence" inspired by Benjamin Franklin [4]. Growth and Expansion - The company has experienced significant growth, managing $2.5 million in 1957 and expanding to over $40 billion AUM by 1989 through acquisitions and strategic moves [6]. - Recent acquisitions, including Legg Mason, have increased Franklin's AUM to $1.6 trillion as of March 2024, positioning the firm in private investing and alternative markets [8]. Financial Performance - Analysts have noted a focus on growth that has impacted profit margins negatively in recent quarters, yet some view the current stock price pullback as a buying opportunity [10]. - The consensus price target among 12 Wall Street analysts is $27.71, indicating a potential upside of 10% from the current market price [10]. Dividend History - Franklin Resources has maintained a consistent dividend payout since 1995, reinforcing its commitment to shareholder returns and its investment philosophy [12].

The upcoming report from Franklin Resources (BEN) is expected to reveal quarterly earnings of $0.57 per share, indicating a decline of 6.6% compared to the year-ago period. Analysts forecast revenues of $2.07 billion, representing an increase of 7.5% year over year.The consensus EPS estimate for the quarter has been revised 2.5% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Prio ...

Franklin Resources Inc. (BEN) is scheduled to report second-quarter fiscal 2024 results (ended Mar 31) on Apr 29, before market open. While BEN’s quarterly earnings are anticipated to have declined from the year-ago reported level, revenues are expected to have risen.In the last reported quarter, Franklin’s earnings surpassed the Zacks Consensus Estimate on a stronger top line than the prior-year quarter. An increase in assets under management (AUM) was a positive. However, rising expenses affected the bott ...

Company Overview - Franklin Resources (BEN) is expected to report a year-over-year decline in earnings of 6.6%, with an estimated EPS of $0.57 for the quarter ended March 2024 [2] - Revenues are projected to be $2.07 billion, reflecting a 7.5% increase from the previous year [2] Earnings Estimates and Revisions - The consensus EPS estimate has been revised 2.47% higher in the last 30 days, indicating a reassessment by analysts [2] - The Most Accurate Estimate for Franklin Resources is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -0.01% [5] Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from the consensus estimate, with significant predictive power for positive readings [3][4] - Franklin Resources has a Zacks Rank of 3, which complicates the prediction of an earnings beat [5][6] Historical Performance - In the last reported quarter, Franklin Resources exceeded the expected EPS of $0.57 by delivering $0.65, resulting in a surprise of +14.04% [7] - The company has beaten consensus EPS estimates in all of the last four quarters [7] Market Context - The investment management industry is represented by other players such as Virtus Investment Partners (VRTS), which is expected to post earnings of $5.41 per share, indicating a year-over-year increase of 28.8% [9] - Virtus has a higher Most Accurate Estimate leading to an Earnings ESP of 0.06%, suggesting a likely earnings beat [9]

A downtrend has been apparent in Franklin Resources (BEN) lately with too much selling pressure. The stock has declined 7.2% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, f ...

6 Dividend Aristocrats to Buy for Reliable Passive Income ptasha / iStock via Getty Images Investors love dividend stocks because they provide dependable income and a great opportunity for solid total return. Total return includes interest, capital gains, dividends, and distributions realized over time. In other words, the total return on an investment or portfolio consists of income and stock appreciation.For example, if you buy a stock at $20 that pays a 3% dividend, and it goes up to $22 in a year, you ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Franklin Resources (BEN) . This company, which is in the Zacks Financial - Investment Management industry, shows potential for another earnings beat.This investment manager has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for th ...

Franklin Resources (BEN) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.The power of a ...