
- Adjusted Earnings Per Share (EPS) exceeded expectations at 59 cents, although down from 65 cents a year ago. Expected EPS was 55 cents.
- Reported EPS was 29 cents, compared to 50 cents in the previous year.
- Net outflows soared to $50.0 billion, up significantly from $300.0 million last year. Forecasted outflows were $48.53 billion.
- Operating revenue reached $2.25 billion, up by 13% year-over-year, surpassing the estimated $1.96 billion.
- Revenue from investment management fees rose to $1.80 billion, a 8.9% increase from last year, beating the estimated $1.71 billion.
- Sales & distribution fees climbed 27% to $375.5 million, above the expected $351.9 million.
- Shareholder servicing fees nearly doubled, reaching $63.5 million, versus the estimate of $60.2 million.
- Other revenue improved by 33% to $13.3 million, against an estimate of $10.9 million.
- Operating expenses increased by 14% to $2.03 billion, slightly higher than the estimated $1.94 billion.
- Adjusted operating income slightly decreased by 1% to $412.8 million, yet surpassed the anticipated $396.3 million.
- Operating margin dipped to 9.7%, down from 10.4% last year, and below the projection of 10.2%.
- Assets under management were $1.58 trillion, a decrease of 6.1% quarter-over-quarter, narrowly missing the forecast of $1.59 trillion.
- Analyst recommendations include 0 buys, 10 holds, and 6 sells.
A look at Franklin Resources Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 2 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Franklin Resources, Inc. (known as Franklin Templeton Investments) is a company that offers investment advisory services to a wide range of investors, including mutual funds, retirement accounts, institutional/separate accounts, and high net worth individuals. The company manages different types of assets, such as global equity, institutional fixed income, money funds, alternative investments, and hedge funds.
Based on the Smartkarma Smart Scores, Franklin Resources shows strength in value and dividend factors, scoring a 5 out of 5 for each. This indicates that the company is viewed favorably in terms of its value proposition and dividend payouts. While the growth score is moderate at 2, the resilience factor scores a 3, and momentum scores a 4. Overall, these scores suggest a positive long-term outlook for Franklin Resources, highlighting its strong value and dividend performance, as well as respectable momentum and resilience in the market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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