Franklin Resources Inc. (NYSE:BEN) shares traded lower over the last trading session, losing -2.51% on 06/18/21. The shares fell to a low of $31.365 before closing at $31.43. Intraday shares traded counted 4.63 million, which was -56.41% lower than its 30-day average trading volume of 2.96M. BEN’s previous close was $32.24 while the outstanding shares total 490.50M. The firm has a beta of 1.25, a 12-month trailing P/E ratio of 14.63, and a growth ratio of 1.48. The stock’s Relative Strength Index (RSI) is 34.91, with weekly volatility at 2.90% and ATR at 0.88. The BEN stock’s 52-week price range has touched low of $17.97 and a $35.94 high.
Investors have identified the Asset Management company Franklin Resources Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $16.26 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Franklin Resources Inc. (BEN) Fundamentals that are to be considered.
BEN were able to record 484.6 million as free cash flow during the 08/03/2021 quarter of the year, this saw their quarterly net cash flow reduce by 407.2 million. In cash movements, the company had a total of 505.4 million as operating cash flow.
Potential earnings growth for Franklin Resources Inc. (BEN)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/03/2021 quarter of the year, Franklin Resources Inc. recorded a total of 2.08 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 36.86% coming in sequential stages and their sales for the 08/03/2021 quarter increasing by 3.92%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 1.62 billion trying to sell their products during the last quarter, with the result yielding a gross income of 456.3 million. This allows shareholders to hold on to 490.50M with the recently reported earning now reading 0.74 cents per share. This is a figure that compared to analyst’s prediction for their 08/03/2021 (0.79 cents a share).
Having a look at the company’s valuation, the company is expected to record 3.36 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on BEN sounds very interesting.
Is the stock of BEN attractive?
In related news, Director, Byerwalter Mariann H sold 2,400 shares of the company’s stock in a transaction that recorded on Jun 15. The sale was performed at an average price of 33.91, for a total value of 81,384. As the sale deal closes, the Chief Accounting Officer, Shaneyfelt Gwen L now sold 5,000 shares of the company’s stock, valued at 166,250. Also, Executive Vice President, Plafker Jed A. sold 20,782 shares of the company’s stock in a deal that was recorded on Mar 24. The shares were price at an average price of 28.67 per share, with a total market value of 595,785. Following this completion of acquisition, the Chief Accounting Officer, Shaneyfelt Gwen L now holds 5,000 shares of the company’s stock, valued at 151,600. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.10%.
2 out of 15 analysts covering the stock have rated it a Buy, while 7 have maintained a Hold recommendation on Franklin Resources Inc.. 5 analysts has assigned a Sell rating on the BEN stock. The 12-month mean consensus price target for the company’s shares has been set at $31.67.