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Franklin Resources (BEN)
NYSE:BEN
Earnings Data
Report Date
May 05, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.5Last Year’s EPS
0.56Same Quarter Last Year
Moderate Sell
Based on 14 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 31, 2025
|% Change Since: 3.92%
|Next Earnings Date:May 05, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a balanced picture with significant achievements in global expansion, alternative fundraising, ETF and SMA growth, and the success of the Putnam acquisition. However, these positives were offset by challenges with Western Asset Management, including substantial outflows and a decrease in adjusted operating income. Overall, the sentiment is mixed, reflecting both progress and ongoing difficulties.Company Guidance
During the Franklin Resources earnings call for the fiscal quarter ended December 31, 2024, the company provided a detailed guidance on its financial and strategic outlook. The firm reported $1.58 trillion in assets under management (AUM), with a decrease from the previous quarter attributed to market downturns and net outflows, particularly from Western Asset Management. Excluding Western, the company saw $18 billion in long-term net inflows, with significant positive net flows in equity, multi-asset, and alternatives sectors, totaling $17 billion. The fixed income segment faced net outflows of $66.7 billion, though excluding Western, the segment achieved positive net inflows. Franklin Resources' investment performance remained strong, with two-thirds of mutual fund assets under management outperforming peers over a three-year period. The company highlighted its strategic focus on alternatives and wealth management, noting that its Evergreen funds reached nearly $1 billion each in AUM. Additionally, Franklin Resources is implementing cost-saving initiatives projected to lower expenses by $200 to $250 million by fiscal 2026, while maintaining a medium-term margin target of 30%.Positive Net Inflows
Excluding Western Asset Management, Franklin Resources reported long-term net inflows of approximately $18 billion, with positive flows in every asset class. Equity, Multi-Asset, and Alternatives generated a combined $17 billion in positive net flows.
Global Expansion and Partnerships
Franklin Templeton was appointed as trustee and manager of the National Investment Fund of Uzbekistan, expanding its reach in emerging markets and showcasing its global capabilities.
Alternatives Fundraising Success
Franklin Templeton's alternatives fundraising reached $6 billion in the quarter, with private market assets totaling $4.3 billion. The launch of the Franklin-Lexington Private Markets Fund achieved a fundraising cap of $900 million.
ETF and SMA Growth
The ETF business saw its 13th consecutive quarter of positive net flows, attracting $2.7 billion during Q1. Retail SMA AUM was $146 billion, with net inflows of $2.5 billion excluding Western.
Putnam Acquisition Success
The Putnam acquisition has been described as a 'home run,' with significant net new flows and strong performance, contributing $175 million to $180 million in operating income.
Strong Investment Performance
Two-thirds of mutual fund AUM outperformed their respective peers over the 3-year period, and more than half of AUM in strategy composites are beating their respective benchmarks for the 3 and 5-year periods.
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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 |
|---|---|---|---|
| Jan 31, 2025 | $20.15 | $22.24 | +10.37% |
| Nov 04, 2024 | $20.52 | $19.85 | -3.27% |
| Jul 26, 2024 | $22.93 | $22.38 | -2.40% |
| Apr 29, 2024 | $23.90 | $22.36 | -6.44% |
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 May 05, 2025, TBA Not Confirmed.
What is Franklin Resources (BEN) earnings time?
Franklin Resources (BEN) earnings time is at May 05, 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 (Q2) is 0.5.
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