First Horizon (FHN) Projected to Post Quarterly Earnings on Wednesday

First Horizon (NYSE:FHN - Get Free Report) is projected to release its Q2 2025 earnings data 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 posted its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $0.42 EPS for the quarter, topping analysts' consensus estimates 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 last year, the company posted $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 Stock Performance

First Horizon stock traded up $0.04 during midday trading on Wednesday, reaching $21.98. 3,918,761 shares of the company's stock were exchanged, compared to its average volume of 6,011,064. First Horizon has a 52 week low of $14.34 and a 52 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 cap of $11.15 billion, a price-to-earnings ratio of 15.26, a P/E/G ratio of 1.12 and a beta of 0.61. The stock's 50-day simple moving average is $20.05 and its 200 day simple moving average is $19.89.

First Horizon Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 13th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date was Friday, June 13th. First Horizon's payout ratio is currently 41.67%.

Institutional Inflows and Outflows

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

Wall Street Analyst Weigh In

FHN has been the subject of a number of research analyst reports. Truist Financial initiated coverage on First Horizon in a report on Tuesday, May 13th. They set a "hold" rating and a $21.00 price target for the company. Wells Fargo & Company cut their price objective on shares of First Horizon from $22.00 to $20.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 9th. Wall Street Zen downgraded shares of First Horizon from a "hold" rating to a "sell" rating in a research report on Sunday, June 22nd. Bank of America raised their price objective on shares of First Horizon from $23.00 to $24.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $24.00 price objective (up from $22.00) on shares of First Horizon in a research report on Monday, June 9th. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $22.78.

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.