Franklin Resources, Inc. (NYSE:BEN) is reporting third quarter financial results on Tuesday 28th July 2020, before market open.
According to analysts surveyed by Thomson Reuters, BEN is expected to report 3Q20 income of $ 0.55 per share from revenue of $ 1239.64 million.
For the full year, analysts anticipate top line of $ 5211.08 million, while looking forward to income of $ 1.92 per share bottom line.
Previous Quarter Performance
Franklin Resources, Inc. unwinded income for the second quarter of $ 0.66 per share, from the revenue of $ 1,338.00 million. The quarterly earnings dropped 8.33 percent compared with the same quarter last year. Wall street analysts are predicting, BEN to report 2Q20 income of $ 0.41 per share from revenue of $ 1319.07 million. The bottom line results beat street analysts by $ 0.25 or 60.98 percent, at the same time, top line results outshined analysts by $ 18.93 million or 1.44 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of BEN was $ 21.02, representing a 40.98 % increase from the 52 week low of $ 14.91 and a 39.87 % decrease over the 52 week high of $ 34.96.
The company has a market capital of $ 10.41 billion and is part of the Financial Services sector and Asset Management industry.
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Franklin Resources, Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships.
