Franklin Resources, Inc. Announces First Quarter Results
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Higher Tax Rates Offset Franklin Resources' (BEN) 1Q Earnings - Cuts Price Target to $34
February 4, 2016 9:37 AM ESTUBS maintained a Neutral rating on Franklin Resources (NYSE: BEN), and cut the price target to $34.00 (from $41.00), following the company's 1Q earnings report. Franklin reported EPS of $0.74, a penny below consensus of $0.75. Operating results were slightly better than estimated, but were offset by a marginally higher tax rate and higher net income attributable to noncontrolling... More
Piper Jaffray Sees Revenue Declines Outpacing Franklin Resources' (BEN) Expense Reductions in 2017 - Remains Neutral
February 4, 2016 8:29 AM ESTPiper Jaffray remains Neutral on Franklin Resources (NYSE: BEN), and cut the price target to $40.00 (from $43.00), following the company's 1Q16. Piper sees continued pressure on organic growth, based on BEN's positioning of large franchises and margin compression. Guidance for fiscal '16... More
Franklin Resources (BEN) Misses Q1 EPS by 1c
February 3, 2016 8:35 AM ESTFranklin Resources (NYSE: BEN) reported Q1 EPS of $0.74, $0.01 worse than the analyst estimate of $0.75. Revenue for the quarter came in at $1.76 billion versus the consensus estimate of $1.77 billion.
For earnings history and earnings-related data on Franklin Resources (BEN) click here.
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