Overview
Franklin Resources Q4 operating revenue beats expectations, driven by global platform growth
Adjusted EPS for Q4 beats consensus, reflecting strong financial performance
Adjusted net income for Q4 exceeds analyst estimates, indicating robust performance
Result Drivers
LONG-TERM INFLOWS - Co reports 12% increase in long-term inflows to $84.6 bln, driven by growth across asset classes
ALTERNATIVE STRATEGIES - Record growth in alternative AUM to $270 bln, aided by Apera Asset Management acquisition and $26.2 bln fundraising
INSTITUTIONAL PIPELINE - Healthy institutional pipeline with $20.4 bln in won-but-unfunded mandates following record fundings
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Operating Revenue | Beat | $2.34 bln | $1.72 bln (4 Analysts) |
Q4 Adjusted EPS | Beat | $0.67 | $0.58 (8 Analysts) |
Q4 EPS | $0.21 | ||
Q4 Adjusted Net Income | Beat | $357.50 mln | $300.31 mln (4 Analysts) |
Q4 Net Income | $117.60 mln | ||
Q4 Adjusted Operating Income | Beat | $472.40 mln | $387.21 mln (5 Analysts) |
Q4 Adjusted Operating Margin | 26.00% | ||
Q4 Operating Income | $85.40 mln | ||
Q4 Operating Margin | 3.60% |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 5 "hold" and 4 "sell" or "strong sell"
The average consensus recommendation for the investment management & fund operators peer group is "buy."
Wall Street's median 12-month price target for Franklin Resources Inc is $25.00, about 7% above its November 6 closing price of $23.25
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago
Press Release: ID:nBw3CHsRGa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)