First Horizon (FHN) to Release Quarterly Earnings on Wednesday

First Horizon (NYSE:FHN - Get Free Report) is projected to post 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 announced its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $0.42 EPS for the quarter, beating 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 analysts' expectations of $825.11 million. During the same quarter last year, the business earned $0.35 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 Price Performance

FHN traded down $0.24 on Friday, hitting $21.87. 3,117,331 shares of the company were exchanged, compared to its average volume of 6,007,494. The business's fifty day moving average is $20.21 and its 200 day moving average is $19.92. First Horizon has a fifty-two week low of $14.34 and a fifty-two week 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 firm has a market capitalization of $11.09 billion, a P/E ratio of 15.18, a price-to-earnings-growth ratio of 1.13 and a beta of 0.61.

First Horizon Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 13th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend was Friday, June 13th. First Horizon's dividend payout ratio is currently 41.67%.

Institutional Trading of First Horizon

An institutional investor recently raised its position in First Horizon stock. Goldman Sachs Group Inc. raised its stake in shares of First Horizon Corporation (NYSE:FHN - Free Report) by 102.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,709,434 shares of the financial services provider's stock after purchasing an additional 865,109 shares during the period. Goldman Sachs Group Inc. owned 0.34% of First Horizon worth $33,197,000 at the end of the most recent reporting period. 80.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on FHN. Keefe, Bruyette & Woods decreased their target price on First Horizon from $24.00 to $22.00 and set a "market perform" rating on the stock in a research report on Thursday, April 17th. Wall Street Zen downgraded shares of First Horizon from a "hold" rating to a "sell" rating in a report on Sunday, June 22nd. Jefferies Financial Group initiated coverage on shares of First Horizon in a research report on Wednesday, May 21st. They set a "buy" rating and a $25.00 target price for the company. Royal Bank Of Canada reiterated an "outperform" rating and issued a $24.00 price target (up from $22.00) on shares of First Horizon in a research report on Monday, June 9th. Finally, Robert W. Baird raised shares of First Horizon from a "neutral" rating to an "outperform" rating and set a $22.00 price objective for the company in a research note on Monday, April 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, First Horizon has a consensus rating of "Moderate Buy" and an average target price of $23.09.

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.