First Horizon (FHN) to Release Quarterly Earnings on Wednesday

First Horizon (NYSE:FHN - Get Free Report) is expected to be releasing its earnings data before the market opens on Wednesday, April 16th. Analysts expect First Horizon to post earnings of $0.39 per share and revenue of $825.11 million for the quarter. Parties interested in registering for the company's conference call can do so using this link.

First Horizon (NYSE:FHN - Get Free Report) last released its quarterly earnings results on Thursday, January 16th. The financial services provider reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.05. First Horizon had a return on equity of 10.10% and a net margin of 15.38%. During the same period last year, the company posted $0.32 earnings per share. On average, analysts expect First Horizon to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

First Horizon Stock Down 0.1 %

First Horizon stock traded down $0.02 during midday trading on Friday, hitting $16.92. 6,616,534 shares of the stock were exchanged, compared to its average volume of 6,311,149. The stock has a market capitalization of $8.70 billion, a price-to-earnings ratio of 12.44, a price-to-earnings-growth ratio of 1.19 and a beta of 0.60. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.14. The business's 50-day moving average price is $19.72 and its 200-day moving average price is $19.49. First Horizon has a 52-week low of $13.72 and a 52-week high of $22.44.

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First Horizon Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.55%. The ex-dividend date of this dividend was Friday, March 14th. First Horizon's dividend payout ratio is presently 44.12%.

Insider Buying and Selling

In other First Horizon news, CEO D Bryan Jordan sold 109,980 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $21.13, for a total value of $2,323,877.40. Following the transaction, the chief executive officer now directly owns 1,861,381 shares in the company, valued at approximately $39,330,980.53. This trade represents a 5.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.87% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Baird R W raised shares of First Horizon from a "hold" rating to a "strong-buy" rating in a report on Monday, April 7th. Robert W. Baird raised First Horizon from a "neutral" rating to an "outperform" rating and set a $22.00 price objective for the company in a report on Monday, April 7th. Raymond James lowered their price objective on shares of First Horizon from $23.00 to $22.00 and set an "outperform" rating for the company in a report on Wednesday, April 2nd. Stephens reissued an "overweight" rating and issued a $24.00 price target on shares of First Horizon in a report on Friday, January 17th. Finally, Barclays reduced their price target on shares of First Horizon from $25.00 to $23.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Six research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, First Horizon presently has an average rating of "Moderate Buy" and a consensus target price of $22.30.

About First Horizon

First Horizon Corporation operates as the bank holding company for First Horizon Bank that provides various financial services. The company operates through Regional Banking and Specialty Banking segments. It offers general banking services for consumers, businesses, financial institutions, and governments.