What is Wedbush's Forecast for First Horizon Q1 Earnings?

First Horizon Co. (NYSE:FHN - Free Report) - Stock analysts at Wedbush upped their Q1 2025 earnings estimates for shares of First Horizon in a research report issued on Wednesday, October 16th. Wedbush analyst D. Chiaverini now anticipates that the financial services provider will earn $0.36 per share for the quarter, up from their previous forecast of $0.35. Wedbush currently has a "Neutral" rating and a $17.00 target price on the stock. The consensus estimate for First Horizon's current full-year earnings is $1.46 per share. Wedbush also issued estimates for First Horizon's Q2 2025 earnings at $0.36 EPS, Q3 2025 earnings at $0.38 EPS, Q4 2025 earnings at $0.39 EPS and FY2025 earnings at $1.50 EPS.

Other analysts have also recently issued reports about the stock. Robert W. Baird set a $17.00 price target on shares of First Horizon in a report on Thursday. Royal Bank of Canada lifted their price objective on First Horizon from $19.00 to $20.00 and gave the company an "outperform" rating in a research note on Thursday. JPMorgan Chase & Co. lowered their price target on shares of First Horizon from $19.00 to $18.00 and set a "neutral" rating on the stock in a report on Wednesday, October 9th. Stephens increased their target price on First Horizon from $18.00 to $20.00 and gave the company an "overweight" rating in a research report on Thursday. Finally, Jefferies Financial Group increased their target price on shares of First Horizon from $17.00 to $18.00 and gave the company a "buy" rating in a research report on Wednesday, July 3rd. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $17.77.

First Horizon Trading Down 1.9 %

FHN traded down $0.32 during trading on Monday, hitting $17.13. 7,689,619 shares of the stock were exchanged, compared to its average volume of 6,607,492. First Horizon has a 1 year low of $10.16 and a 1 year high of $17.68. The firm has a 50 day simple moving average of $15.88 and a 200 day simple moving average of $15.59. The firm has a market cap of $9.37 billion, a price-to-earnings ratio of 12.01, a P/E/G ratio of 1.27 and a beta of 0.88. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.95 and a current ratio of 0.95.

First Horizon (NYSE:FHN - Get Free Report) last released its earnings results on Wednesday, October 16th. The financial services provider reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.04. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $821.63 million. First Horizon had a return on equity of 8.84% and a net margin of 14.03%. During the same quarter in the previous year, the company posted $0.27 EPS.

First Horizon Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.50%. The ex-dividend date was Friday, September 13th. First Horizon's dividend payout ratio (DPR) is presently 41.96%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. UMB Bank n.a. boosted its stake in shares of First Horizon by 365.0% during the 3rd quarter. UMB Bank n.a. now owns 1,688 shares of the financial services provider's stock worth $26,000 after purchasing an additional 1,325 shares during the last quarter. Fidelis Capital Partners LLC purchased a new position in First Horizon during the first quarter worth about $28,000. Family Firm Inc. purchased a new stake in First Horizon in the 2nd quarter valued at about $28,000. Nemes Rush Group LLC increased its stake in shares of First Horizon by 306.2% during the 2nd quarter. Nemes Rush Group LLC now owns 1,828 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 1,378 shares during the last quarter. Finally, Industrial Alliance Investment Management Inc. acquired a new stake in shares of First Horizon in the second quarter worth approximately $31,000. 80.28% of the stock is owned by hedge funds and other institutional investors.

First Horizon Company Profile

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.