Email
Password
Remember meForgot password?
    Log in with Twitter
| Press Release

Free Research Report as Franklin Resources’ Revenue Grew 4% and EPS Surged 38%

Stock Monitor: Artisan Partners Asset Management Post Earnings Reporting

LONDON, UK / ACCESSWIRE / February 09, 2018 / Active-Investors.com has just released a free earnings report on Franklin Resources, Inc. (NYSE: BEN). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=BEN. The Company reported its first quarter fiscal 2018 operating and financial results on January 30, 2018. The investment manager's earnings topped market expectations, while its revenues were in-line with estimates. Register today and get access to over 1000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for Artisan Partners Asset Management Inc. (NYSE: APAM), which also belongs to the Financial sector as the Company Franklin Resources. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=APAM

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Franklin Resources most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=BEN

Earnings Highlights and Summary

For the three months ended December 31, 2017, Franklin Resources reported operating revenues of $1.62 billion, reflecting a growth of 4% compared to $1.56 billion in Q1 FY17. The Company's revenue numbers met analysts' expectations of $1.62 billion.

During Q1 FY18, Franklin Resources reported an operating income of $581.1 million, with an operating margin of 36.0%, compared to $586.9 million, or 37.3%, in Q1 FY17.

Franklin Resources announced a net loss of $583.3 million, or $1.06 loss per diluted share, for Q1 FY18, which included an estimated income tax charge of $1.1 billion, or $1.94 per diluted share, resulting from the enactment of the Tax Cuts and Jobs Act of 2017 (TCJA). The estimated charge relates to a transition tax on the deemed repatriation of foreign subsidiaries' earnings, net of the tax benefit from the revaluation of net deferred tax liabilities at the lower corporate tax rate. The Company had reported a net income of $440.2 million, or $0.77 per diluted share, for Q1 FY17. Franklin Resources' earnings, adjusted for pre-tax expenses, totaled $0.88 per share, beating Wall Street's estimates of $0.75 per share.

Assets under Management

Franklin Resources' total assets under management (AUM) were $753.8 billion at December 31, 2017, up $0.6 billion on a q-o-q basis, due to $2.9 billion of net market change and other, offset by $2.3 billion of net outflows; and up 5% compared to AUM of $720.0 billion as on December 31, 2016.

Franklin Resources' average AUM were $752.7 billion at December 31, 2017, compared to $749.0 billion as on September 30, 2017, and $722.7 billion as on December 31, 2016.

Franklin Resources' total equity AUM were $321.4 billion as of December 31, 2017, compared to $298.3 million as on December 31, 2016. The Company's multi-asset/balanced AUM were $142.7 million as on December 31, 2017, versus $138.3 million as on December 31, 2016. Franklin Resources' total fixed income AUM were $283.1 million as on December 31, 2017, compared to $277.2 million as on December 31, 2016.

Cash Matters

Franklin Resources' cash and cash equivalents and investments were $10.1 billion at December 31, 2017, compared to $9.9 billion at September 30, 2017. The Company's total stockholders' equity was $12.1 billion at December 31, 2017, compared to $12.9 billion at September 30, 2017. During Q1 FY18, Franklin Resources repurchased 4.6 million shares of its common stock for a total cost of $200.0 million.

Stock Performance Snapshot

February 08, 2018 - At Thursday's closing bell, Franklin Resources' stock declined 3.65%, ending the trading session at $38.00.

Volume traded for the day: 4.72 million shares, which was above the 3-month average volume of 2.68 million shares.

After yesterday's close, Franklin Resources' market cap was at $21.62 billion.

Price to Earnings (P/E) ratio was at 32.26.

The stock has a dividend yield of 2.42%.

The stock is part of the Financial sector, categorized under the Asset Management industry.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors