First Horizon (FHN) Projected to Post Earnings on Wednesday

First Horizon (NYSE:FHN) is anticipated to announce its earnings results 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 that are interested in participating in the company’s conference call can do so using this link.

First Horizon (NYSE:FHN) last announced its earnings results on Thursday, January 16th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. First Horizon had a net margin of 15.38% and a return on equity of 10.10%. During the same quarter last year, the company earned $0.32 EPS. 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 Price Performance

Shares of First Horizon stock opened at $17.29 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.96 and a quick ratio of 0.95. The company has a market cap of $8.89 billion, a PE ratio of 12.71, a price-to-earnings-growth ratio of 1.19 and a beta of 0.60. The firm has a fifty day moving average price of $19.63 and a two-hundred day moving average price of $19.51. First Horizon has a fifty-two week low of $13.72 and a fifty-two week high of $22.44.

First Horizon Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend was Friday, March 14th. First Horizon’s dividend payout ratio (DPR) is presently 44.12%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on FHN. Barclays reduced their price objective on First Horizon from $25.00 to $23.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Baird R W raised shares of First Horizon from a “hold” rating to a “strong-buy” rating in a report on Monday, April 7th. StockNews.com raised shares of First Horizon from a “sell” rating to a “hold” rating in a report on Tuesday, April 8th. Keefe, Bruyette & Woods increased their price target on shares of First Horizon from $23.00 to $24.00 and gave the stock a “market perform” rating in a research report on Thursday, December 19th. Finally, Raymond James decreased their price objective on First Horizon from $23.00 to $22.00 and set an “outperform” rating on the stock in a report on Wednesday, April 2nd. Six research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $22.30.

Insider Activity at First Horizon

In other news, CEO D Bryan Jordan sold 109,980 shares of First Horizon stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $21.13, for a total transaction of $2,323,877.40. Following the transaction, the chief executive officer now directly owns 1,861,381 shares of the company’s stock, valued at $39,330,980.53. This trade represents a 5.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.87% of the company’s stock.

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.