Stock Update: Franklin Resources Inc (NYSE:BEN) – Franklin Resources, Inc. to Announce First Quarter Results on February 3, 2016

[Marketwired] – On Wednesday, February 3, 2016, Franklin Resources, Inc. will release its first fiscal quarter 2016 operating results at approximately 8:30 a.m. Eastern Time. Pre-recorded audio commentary on the results … Read more on this. Franklin Resources, Inc. (BEN) , currently valued at $19.71B, started the session at $34.15. During the trading session, BEN traded between $32.94 to $34.38 with its 52-week range being $32.94 to $54.85. BEN shares are currently priced at 11.45x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 15.74x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $0.72 per share annually in dividends, yielding 2.14%. According to a consensus of 18 analysts, the earnings estimate of $0.75 per share would be $0.16 worse than the year-ago quarter and a $0.02 sequential decrease. Investors should also note that the full-year EPS estimate of $2.97 is a $0.32 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.77 Billion. If reported, that would be a 14.08% decrease over the year-ago quarter. In terms of ratings, Credit Suisse downgraded BEN from Neutral to Underperform (Jan 4, 2016). Previously, Deutsche Bank upgraded BEN from Hold to Buy. When considering if perhaps the stock is under or overvalued, the average price target is $38.47, which is 12.65% above where the stock opened this morning. See more in (NYSE:BEN) Similar Articles: Company Update: Franklin Resources Inc (NYSE:BEN) – CORRECTION – Franklin Resources, Inc. Announces Month-End Assets Under Management Stock Update: Franklin Resources Inc (NYSE:BEN) – Franklin Resources, Inc. Announces Preliminary Fourth Quarter and Fiscal Year Results Market Update: Franklin Resources Inc (NYSE:BEN) – Franklin Resources, Inc. Appoints Vijay C. Advani and Jennifer M. Johnson as Co-Presidents