NEW YORK, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Franklin Resources, Inc. (NYSE: BEN) for potential violations of the federal securities laws. If you invested in Franklin Resources, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/franklin-resources-inc. Why Did Franklin Resources’s Stock Drop? Franklin Resources is a $1.7 trillion asset management company better know ...

Franklin Resources Inc. (BEN) reported fourth-quarter fiscal 2024 (ended Sept. 30) adjusted earnings of 59 cents per share, which missed the Zacks Consensus Estimate of 60 cents. Also, the bottom line decreased 29.7% from the prior-year quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.BEN’s results were affected by a rise in its operating expenses. However, an increase in assets under management (AUM) balances, along with rising revenues, offered support. Net loss was $84.7 m ...

Call Start: 11:00 January 1, 0000 12:00 PM ET Franklin Resources, Inc. (NYSE:BEN) Q4 2024 Earnings Conference Call November 04, 2024 11:00 AM ET Company Participants Selene Oh - Chief Communications Officer & Head of Investor Relations Jenny Johnson - President & Chief Executive Officer Matt Nicholls - Chief Financial Officer & Chief Operating Officer Adam Spector - Head, Global Distribution Conference Call Participants Bill Katz - TD Cowen Benjamin Budish - Barclays Dan Fannon - Jefferies Michael Cyprys - ...

Jenny Johnson President Chief Executive Officer Matthew Nicholls Executive Vice President Chief Financial Officer Chief Operating Officer Adam Spector Executive Vice President Head of Global Distribution Franklin Resources, Inc. Preliminary Fourth Quarter and Fiscal Year 2024 Results November 4, 2024 | Investor Presentation Forward-looking statements and non-GAAP financial information This commentary contains forward-looking statements that involve a number of known and unknown risks, uncertainties and othe ...

For the quarter ended September 2024, Franklin Resources (BEN) reported revenue of $2.21 billion, up 11.3% over the same period last year. EPS came in at $0.59, compared to $0.84 in the year-ago quarter.The reported revenue represents a surprise of +4.35% over the Zacks Consensus Estimate of $2.12 billion. With the consensus EPS estimate being $0.60, the EPS surprise was -1.67%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall St ...

Franklin Resources (BEN) came out with quarterly earnings of $0.59 per share, missing the Zacks Consensus Estimate of $0.60 per share. This compares to earnings of $0.84 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1.67%. A quarter ago, it was expected that this investment manager would post earnings of $0.57 per share when it actually produced earnings of $0.60, delivering a surprise of 5.26%.Over the last four quarters, ...

Financial Performance - Preliminary net loss for Q4 2024 was $84.7 million or $0.19 per diluted share, compared to net income of $174.0 million or $0.32 per diluted share in the previous quarter[1] - Adjusted net income for Q4 2024 was $315.2 million, down 3% from $326.4 million in the previous quarter and down 26% from $427.0 million year-over-year[6] - Operating income for the quarter was a loss of $150.7 million, a decline from an income of $338.3 million in the same quarter last year[12] - Net income attributable to Franklin Resources, Inc. was a loss of $84.7 million, compared to a profit of $295.5 million in the prior year[12] - Basic earnings per share for the quarter were $(0.19), down from $0.58 in the same quarter of 2023[12] - The operating margin for the quarter was 6.8%, a decrease from 17.0% in the same period last year[12] - The company reported an operating loss of $150.7 million, compared to an operating income of $222.5 million for the previous quarter and $338.3 million for the same quarter last year[38] - The adjusted net income for the three months ended September 30, 2024, was $315.2 million, slightly down from $326.4 million in the previous quarter and down from $427.0 million in the same quarter last year[40] - The diluted earnings per share for the three months ended September 30, 2024, was a loss of $0.19, compared to earnings of $0.32 in the previous quarter and $0.58 in the same quarter last year[40] Assets Under Management (AUM) - Total assets under management (AUM) reached $1.68 trillion, a 2% increase from the previous quarter and a 22% increase year-over-year[6] - Ending AUM as of September 30, 2024, was $1,678.6 billion, representing a 22% increase from $1,374.2 billion year-over-year[14] - Average AUM for the three-month period ended September 30, 2024, was $1,667.5 billion, an 18% increase from $1,419.1 billion year-over-year[14] - AUM by asset class as of September 30, 2024: Equity at $632.1 billion, Fixed Income at $556.4 billion, Alternatives at $249.9 billion, Multi-Asset at $176.2 billion, and Cash Management at $64.0 billion[19] - Total international AUM was $501.5 billion, up 2% from $491.6 billion in the previous quarter[17] - AUM in the United States increased to $1,177.1 billion as of September 30, 2024, from $1,155.0 billion on June 30, 2024[17] - AUM in the Asia-Pacific region was $178.0 billion, reflecting a 2% increase from $174.1 billion in the previous quarter[17] Revenue and Expenses - Total operating revenues for the three months ended September 30, 2024, were $2,211.2 million, an increase of 11% compared to $1,986.1 million in the same period of 2023[12] - Investment management fees rose to $1,766.2 million, reflecting an 8% increase from $1,634.4 million year-over-year[12] - Total operating expenses increased significantly by 43% to $2,361.9 million, compared to $1,647.8 million in the same quarter of 2023[12] - The adjusted operating income for the three months ended September 30, 2024, was $451.6 million, up from $424.9 million in the previous quarter but down from $511.7 million in the same quarter last year[38] Shareholder Information - The company repurchased 4.9 million shares of common stock for a total cost of $102.4 million during Q4 2024[7] - Dividends declared per share increased by 3% to $0.31, compared to $0.30 in the previous year[12] - The company declared dividends of $0.31 per share, unchanged from the previous quarter[13] - Average shares outstanding increased by 6% to 516.2 million, compared to 489.2 million in the same quarter of 2023[12] Market Activity - Long-term inflows for the fiscal year were $319 billion, a 25% increase from the prior year, while long-term net outflows were $32.6 billion[2] - Long-term inflows for the three months ended September 30, 2024, were $82.5 billion, a 49% increase from $55.2 billion in the same period last year[14] - Total net flows for the three months ended September 30, 2024, were $(31.5) billion, a 271% increase in outflows compared to $(8.5) billion in the previous quarter[14] - Long-term net flows for the three months ended September 30, 2024, were $0.8 billion, with long-term inflows of $36.8 billion and outflows of $36.0 billion[19] Strategic Initiatives - The acquisition of Putnam Investments resulted in a 21% increase in AUM to $180 billion and generated approximately $11 billion in positive net flows[4] - The company experienced strong growth in international business, culminating in over $500 billion in AUM[3] - The company has a strategic focus on expanding its investment management capabilities and technology solutions to enhance client outcomes[43] - The company incurred acquisition-related retention expenses of $46.3 million for the three months ended September 30, 2024, compared to $43.7 million in the previous quarter[40] - Other acquisition-related expenses for the three months ended September 30, 2024, were $31.8 million, slightly down from $33.6 million in the previous quarter[38] Impairments - The company reported an impairment of intangible assets amounting to $389.2 million for the twelve months ended September 30, 2024[40]

NEW YORK, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Franklin Resources, Inc. (NYSE: BEN) resulting from allegations that Franklin Resources may have issued materially misleading business information to the investing public. So What: If you purchased Franklin Resources securities you may be entitled to compensation without payment of any out of pocket fees or costs through a cont ...

Analysts on Wall Street project that Franklin Resources (BEN) will announce quarterly earnings of $0.60 per share in its forthcoming report, representing a decline of 28.6% year over year. Revenues are projected to reach $2.12 billion, increasing 6.7% from the same quarter last year.The consensus EPS estimate for the quarter has been revised 2.8% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during th ...

NEW YORK, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, continues to investigate Franklin Resources, Inc. (NYSE: BEN) for potential violations of the federal securities laws. If you invested in Franklin Resources, you are encouraged to obtain additional information by visiting https://rosenlegal.com/case/franklin-resources-inc/. Why did Franklin Resources’ Stock Drop? On August 21, 2024, Franklin Resources filed a current report with the SEC. In this current report, th ...