Franklin Resources, Inc. (NYSE:BEN) shares, rose in value, with the stock price down by -0.55% to the previous day’s close as strong demand from buyers drove the stock to $27.05.
Actively observing the price movement in the last trading, the stock closed the session at $27.20. The value of beta (5-year monthly) was 1.42 whereas the PE ratio was 14.28 over 12-month period. Referring to stock’s 52-week performance, its high was $30.32, and the low was $21.88. On the whole, BEN has fluctuated by -2.87% over the past month.
With the market capitalization of Franklin Resources, Inc. currently standing at about $14.24 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 29, 2024. The company’s Forward Dividend Ratio is 1.22, with its dividend yield at 4.51%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.59, which is expected to increase to $0.68 for fiscal year $2.54 and then to about $2.91 by fiscal year 2025. Data indicates that the EPS growth is expected to be -2.30% in 2025, while the next year’s EPS growth is forecast to be 14.60%.
Analysts have estimated the company’s revenue for the quarter at $1.67 billion, with a low estimate of $1.66 billion and a high estimate of $1.68 billion. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $6.62 billion, representing an increase of 8.50% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that BEN’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.48, with the price of BEN currently trading nearly -1.67% and -0.85% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.62, while the 7-day volatility ratio is showing 2.03% which for the 30-day chart, stands at 2.14%. Furthermore, Franklin Resources, Inc. (BEN)’s beta value is 1.42, and its average true range (ATR) is 0.60.
A comparison of Franklin Resources, Inc. (BEN) with its peers suggests the former has fared considerably weaker in the market. BEN showed an intraday change of -0.55% in last session, and over the past year, it grew by 1.42%%.
Data on historical trading for Franklin Resources, Inc. (NYSE:BEN) indicates that the trading volumes over the past 10 days have averaged 2.79 million and over the past 3 months, they’ve averaged 3.40 million. According to company’s latest data on outstanding shares, there are 495.94 million shares outstanding.
Nearly 45.78% of Franklin Resources, Inc.’s shares belong to company insiders and institutional investors own 42.31% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 20.44 million shares as on Mar 15, 2024, resulting in a short ratio of 6.75. According to the data, the short interest in Franklin Resources, Inc. (BEN) stood at 3.88% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 17.67 million. The stock has fallen by -9.20% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BEN stock heading into the next quarter.
