First Horizon (FHN) Expected to Announce Earnings on Wednesday

First Horizon (NYSE:FHN - Get Free Report) is expected 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 issued its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.02. First Horizon had a return on equity of 10.33% and a net margin of 16.13%. The business had revenue of $823.69 million during the quarter, compared to analysts' expectations of $825.11 million. During the same quarter in the previous year, the firm posted $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 First Horizon stock traded up $0.20 on Thursday, hitting $22.14. The company's stock had a trading volume of 1,056,563 shares, compared to its average volume of 5,809,639. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.95 and a current ratio of 0.96. First Horizon has a 1 year low of $14.34 and a 1 year high of $22.44. The firm has a fifty day moving average price of $20.13 and a 200-day moving average price of $19.91. The company has a market capitalization of $11.23 billion, a price-to-earnings ratio of 15.37, a price-to-earnings-growth ratio of 1.13 and a beta of 0.61.

First Horizon Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th were paid 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 yield of 2.71%. First Horizon's dividend payout ratio (DPR) is currently 41.67%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in First Horizon stock. Goldman Sachs Group Inc. lifted its position in shares of First Horizon Corporation (NYSE:FHN - Free Report) by 102.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,709,434 shares of the financial services provider's stock after buying an additional 865,109 shares during the period. Goldman Sachs Group Inc. owned approximately 0.34% of First Horizon worth $33,197,000 as of its most recent SEC filing. Institutional investors and hedge funds own 80.28% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Robert W. Baird upgraded 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. Wells Fargo & Company lifted their price objective on First Horizon from $20.00 to $23.00 and gave the company an "equal weight" rating in a research note on Thursday. Wall Street Zen cut First Horizon from a "hold" rating to a "sell" rating in a research note on Sunday, June 22nd. Royal Bank Of Canada reissued an "outperform" rating and issued a $24.00 target price (up previously from $22.00) on shares of First Horizon in a report on Monday, June 9th. Finally, Jefferies Financial Group began coverage on First Horizon in a report on Wednesday, May 21st. They issued a "buy" rating and a $25.00 target price on the stock. One 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $22.97.

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.