First Horizon (FHN) Expected to Announce Earnings on Wednesday

First Horizon (NYSE:FHN - Get Free Report) is expected to be posting its Q2 2025 quarterly earnings results before the market opens on Wednesday, July 16th. Analysts expect First Horizon to post earnings of $0.41 per share and revenue of $832.95 million for the quarter.

First Horizon (NYSE:FHN - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.02. First Horizon had a net margin of 16.13% and a return on equity of 10.33%. The firm had revenue of $823.69 million during the quarter, compared to the consensus estimate of $825.11 million. During the same quarter in the prior year, the firm earned $0.35 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 FHN traded down $0.24 during mid-day trading on Friday, hitting $21.87. 3,853,603 shares of the company were exchanged, compared to its average volume of 5,992,233. First Horizon has a 1-year low of $14.34 and a 1-year high of $22.44. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.95 and a current ratio of 0.96. The company has a 50 day moving average of $20.27 and a 200-day moving average of $19.93. The stock has a market cap of $11.09 billion, a price-to-earnings ratio of 15.18, a price-to-earnings-growth ratio of 1.12 and a beta of 0.61.

First Horizon Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 13th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.60 annualized dividend and a dividend yield of 2.74%. First Horizon's dividend payout ratio (DPR) is presently 41.67%.

Hedge Funds Weigh In On First Horizon

An institutional investor recently raised its position in First Horizon stock. Geneos Wealth Management Inc. raised its holdings in First Horizon Corporation (NYSE:FHN - Free Report) by 156.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,794 shares of the financial services provider's stock after buying an additional 1,095 shares during the period. Geneos Wealth Management Inc.'s holdings in First Horizon were worth $35,000 as of its most recent SEC filing. 80.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FHN has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on shares of First Horizon from $19.50 to $22.50 and gave the company a "neutral" rating in a report on Tuesday, July 1st. Wells Fargo & Company increased their price objective on shares of First Horizon from $20.00 to $23.00 and gave the company an "equal weight" rating in a report on Thursday. Keefe, Bruyette & Woods cut their price objective on shares of First Horizon from $24.00 to $22.00 and set a "market perform" rating for the company in a report on Thursday, April 17th. Raymond James Financial reiterated an "outperform" rating and issued a $24.00 price objective (up previously from $20.00) on shares of First Horizon in a report on Tuesday. Finally, Wall Street Zen cut shares of First Horizon from a "hold" rating to a "sell" rating in a research note on Sunday, June 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $23.09.

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.