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Franklin Resources (BEN)
NYSE:BEN
Holding BEN?
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Earnings Data
Report Date
Feb 03, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
$0.56Last Year’s EPS
$0.65Same Quarter Last Year
Moderate Sell
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: 0.58%
|Next Earnings Date:Feb 03, 2025
Earnings Call Sentiment|Neutral
The earnings call presents a mixed sentiment. While Franklin Templeton has shown significant growth and diversification in AUM, ETFs, and international markets, challenges with Western Asset Management and increased expenses have negatively impacted financial performance.Company Guidance
During the earnings call for Franklin Resources (BEN) for Q4 2024, the company provided guidance on several key financial metrics and strategic initiatives. The firm reported ending assets under management (AUM) of $1.68 trillion, marking a 2% increase from the prior quarter, and outlined expectations for the adjusted effective fee rate to remain in the mid-37 basis point area for the next fiscal quarter. Franklin Resources also shared plans to focus on expanding its alternative assets business, setting a goal to raise at least $100 billion across private markets over the next five years. The company highlighted its intention to scale ETF AUM by 3x and Canvas assets by 5x over the same period. Additionally, Franklin Resources aims to double its Fiduciary Trust International's AUM, which stood at an all-time high of $39 billion, through organic investments and targeted acquisitions. Despite challenges related to investigations at Western Asset, the firm expressed confidence in its growth strategy, emphasizing the diversification of its business model across both public and private markets.Diversified AUM Growth
Since 2019, Franklin Templeton has significantly diversified its AUM to higher growth areas, with acquisitions now representing 64% of AUM and 55% of adjusted operating revenue. Institutional AUM increased from 25% to 45%.
Successful Acquisition and Integration of Putnam Investments
Putnam's AUM grew by 21% since acquisition, contributing to growth in retirement and insurance markets with AUM at $645 billion.
ETF and Canvas AUM Growth
ETF business grew by 89% year-over-year with positive net flows for 12 consecutive quarters. Canvas AUM increased by 94% from the prior year to $10 billion.
Positive International Growth
International business continues to grow with AUM surpassing $500 billion. Gross sales increased by 31% in the U.S., 23% in EMEA, 19% in APAC, and 24% in the Americas.
Private Wealth Management Growth
Fiduciary Trust International's AUM doubled since 2019 to $39 billion, with a 98% client retention rate.
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BEN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BEN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $20.84 | $20.16 | -3.26% |
| Jul 26, 2024 | $23.29 | $22.74 | -2.36% |
| Apr 29, 2024 | $24.28 | $22.71 | -6.47% |
| Jan 29, 2024 | $26.50 | $26.42 | -0.30% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Franklin Resources (BEN) report earnings?
Franklin Resources (BEN) is schdueled to report earning on Feb 03, 2025, TBA Not Confirmed.
What is Franklin Resources (BEN) earnings time?
Franklin Resources (BEN) earnings time is at Feb 03, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BEN EPS forecast?
BEN EPS forecast for the fiscal quarter 2025 (Q1) is $0.56.
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