First Horizon (FHN) Set to Announce Quarterly Earnings on Wednesday

First Horizon (NYSE:FHN) will announce its earnings results before the market opens on Wednesday, October 16th. Analysts expect the company to announce earnings of $0.38 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

First Horizon (NYSE:FHN) last issued its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). First Horizon had a net margin of 14.03% and a return on equity of 8.84%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $819.82 million. During the same quarter in the prior year, the firm earned $0.39 earnings per share. On average, analysts expect First Horizon to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

First Horizon Trading Up 3.8 %

Shares of FHN opened at $16.38 on Monday. First Horizon has a 12-month low of $10.16 and a 12-month high of $17.46. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $8.96 billion, a price-to-earnings ratio of 11.45, a P/E/G ratio of 1.27 and a beta of 0.88. The stock’s 50-day moving average price is $15.65 and its 200 day moving average price is $15.52.

First Horizon Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.60 annualized dividend and a yield of 3.66%. First Horizon’s dividend payout ratio is 41.96%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FHN. JPMorgan Chase & Co. lowered their price objective on First Horizon from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. StockNews.com upgraded First Horizon from a “sell” rating to a “hold” rating in a research note on Saturday, July 20th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $18.00 price objective on shares of First Horizon in a research note on Wednesday, July 17th. Barclays upped their price objective on First Horizon from $18.00 to $19.00 and gave the company an “overweight” rating in a research note on Monday, June 24th. Finally, Jefferies Financial Group increased their price target on First Horizon from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.38.

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.