Franklin Resources: Q3 Earnings Insights

Shares of Franklin Resources BEN decreased 5.6% after the company reported Q3 results.

Quarterly Results

Earnings per share increased 7.69% year over year to $0.70, which beat the estimate of $0.55.

Revenue of $1,188,000,000 decreased by 19.57% from the same period last year, which missed the estimate of $1,240,000,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Jul 28, 2020

Time: 11:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestors.franklinresources.com%2Finvestor-relations%2Fevents-and-presentations%2Fevent-details%2F2020%2FFranklin-Resources-Inc-Q3-2020-Earnings-Conference-Call%2Fdefault.aspx&eventid=2393549&sessionid=1&key=DB6DB01917196C0BA5170AA6C27BA5C9&regTag=&sourcepage=register

Recent Stock Performance

52-week high: $35.01

Company's 52-week low was at $14.91

Price action over last quarter: Up 16.47%

Company Profile

Franklin Resources provides investment services for individual and institutional investors. Its funds are marketed under the Franklin, Templeton, Mutual Series, Bissett, Fiduciary, and Darby brands. At the end of June 2020, Franklin had $622.8 billion in managed assets, composed primarily of equity (39%), fixed-income (39%), and multi-asset/balanced (21%) funds. Distribution tends to be weighted more toward retail investors (72% of AUM), as opposed to institutional (25%) and high-net-worth (3%) clients. Franklin is also one of the more global firms of the U.S.-based asset managers we cover, with more than 40% of its AUM invested in global/international strategies and close to a third of managed assets sourced from clients domiciled outside the United States.