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 ...

Core Viewpoint - Analysts project that Franklin Resources (BEN) will report quarterly earnings of $0.60 per share, reflecting a year-over-year decline of 28.6%, while revenues are expected to reach $2.12 billion, an increase of 6.7% from the same quarter last year [1]. Earnings Projections - The consensus EPS estimate has been revised 2.8% lower over the last 30 days, indicating a collective reevaluation by analysts [2]. - Changes in earnings projections are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate trends and short-term stock price movements [3]. Revenue Estimates - Analysts expect 'Operating Revenues- Other' to be $11.83 million, a 46.1% increase year-over-year [5]. - 'Operating Revenues- Investment management fees' are projected to reach $1.66 billion, reflecting a 1.7% increase from the previous year [5]. - 'Operating Revenues- Shareholder servicing fees' are expected to be $63.34 million, indicating a 70.3% increase year-over-year [6]. - 'Operating Revenues- Sales and distribution fees' are forecasted to reach $353.23 million, a 15.3% increase from the prior year [6]. Assets Under Management (AUM) - 'Assets Under Management - Fixed income' is expected to reach $568.87 billion, up from $483.1 billion in the same quarter last year [7]. - 'Assets Under Management - Multi-Asset' is projected at $176.17 billion, compared to $145 billion a year ago [7]. - 'Assets Under Management - Equity' is anticipated to be $614.05 billion, up from $430.4 billion year-over-year [8]. - Total 'Assets Under Management' is expected to reach $1,687.32 billion, compared to $1,374.2 billion in the same quarter last year [8]. - 'Assets Under Management - Alternative' is projected at $259.15 billion, slightly up from $254.9 billion year-over-year [9]. - 'Assets Under Management - Cash Management' is expected to be $69.08 billion, compared to $60.8 billion a year ago [9]. Market Performance - Shares of Franklin Resources have returned +5.1% over the past month, outperforming the Zacks S&P 500 composite's +1% change [9].

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 ...

Franklin Resources Inc. (BEN) is scheduled to report fourth-quarter fiscal 2024 results (ended Sept. 30) on Nov. 4, 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. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. In the last reported quarter, Franklin's earnings topped the Zacks Consensus Estimate on increased asset under management (AUM) balances. However, higher expenses were ...

The market expects Franklin Resources (BEN) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on November 4, 2024, might help the stock move higher if these key n ...

The market is overlooking the bigger picture for these three names. That means opportunity for you. Like bargains? Need dividends? No problem. Several of the S&P 500's stocks fit both bills at this time, with a bunch of them boasting the makings of a true "forever" holding. Here's a rundown of three of these best bets right now. Pfizer There's no denying that Pfizer (PFE -0.66%) isn't quite the pharmaceutical powerhouse it used to be. The loss of patent protection on its blood thinner Lipitor in 2011 was a ...

NEW YORK, Oct. 24, 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 ...