FY2025 EPS Estimates for First Horizon Raised by DA Davidson

Key Points

• DA Davidson raised their FY2025 earnings estimate for First Horizon Corporation from $1.76 to $1.85 per share, maintaining a "Neutral" rating with a target price of $24.00.
• First Horizon reported Q3 earnings of $0.51 per share, surpassing analyst expectations of $0.45 and reflecting a 7.4% increase in revenue year-over-year.
• The recent quarterly dividend announced was $0.15 per share, yielding 3.0% annually, with a payout ratio of 38.71%.

First Horizon Corporation (NYSE:FHN - Free Report) - DA Davidson raised their FY2025 earnings estimates for First Horizon in a report released on Thursday, October 16th. DA Davidson analyst P. Winter now expects that the financial services provider will earn $1.85 per share for the year, up from their previous estimate of $1.76. DA Davidson currently has a "Neutral" rating and a $24.00 target price on the stock. The consensus estimate for First Horizon's current full-year earnings is $1.67 per share. DA Davidson also issued estimates for First Horizon's Q4 2025 earnings at $0.46 EPS and FY2026 earnings at $1.95 EPS.

First Horizon (NYSE:FHN - Get Free Report) last released its quarterly earnings results on Wednesday, October 15th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.06. First Horizon had a net margin of 18.08% and a return on equity of 11.03%. The company had revenue of $849.00 million during the quarter, compared to the consensus estimate of $848.08 million. During the same period in the prior year, the firm earned $0.42 earnings per share. First Horizon's revenue was up 7.4% on a year-over-year basis.

FHN has been the subject of a number of other reports. TD Cowen began coverage on shares of First Horizon in a research note on Thursday, September 25th. They issued a "hold" rating and a $25.00 price target for the company. Bank of America increased their price target on shares of First Horizon from $26.00 to $27.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Wells Fargo & Company decreased their price target on shares of First Horizon from $25.00 to $23.00 and set an "equal weight" rating for the company in a research note on Thursday. Evercore ISI reissued an "in-line" rating and issued a $20.00 price target (down from $26.00) on shares of First Horizon in a research note on Thursday. Finally, Wall Street Zen raised shares of First Horizon from a "sell" rating to a "hold" rating in a research note on Saturday, October 11th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $24.47.

First Horizon Price Performance

FHN stock opened at $19.92 on Friday. First Horizon has a 1 year low of $15.19 and a 1 year high of $23.70. The company has a market cap of $10.11 billion, a P/E ratio of 12.07, a PEG ratio of 0.86 and a beta of 0.67. The firm has a 50-day moving average of $22.42 and a 200 day moving average of $20.74. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.96 and a quick ratio of 0.95.

First Horizon Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Friday, September 12th. First Horizon's dividend payout ratio (DPR) is presently 38.71%.

Insider Activity

In other news, EVP David T. Popwell sold 100,000 shares of First Horizon stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $22.50, for a total transaction of $2,250,000.00. Following the completion of the transaction, the executive vice president directly owned 462,581 shares in the company, valued at approximately $10,408,072.50. This trade represents a 17.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.87% of the company's stock.

Institutional Investors Weigh In On First Horizon

Institutional investors and hedge funds have recently made changes to their positions in the company. Navigoe LLC bought a new stake in shares of First Horizon during the third quarter valued at approximately $25,000. Kestra Investment Management LLC increased its position in shares of First Horizon by 873.1% during the second quarter. Kestra Investment Management LLC now owns 1,625 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 1,458 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of First Horizon by 156.7% during the first quarter. Geneos Wealth Management Inc. now owns 1,794 shares of the financial services provider's stock valued at $35,000 after acquiring an additional 1,095 shares in the last quarter. Compass Financial Services Inc bought a new stake in shares of First Horizon during the first quarter valued at approximately $38,000. Finally, Allworth Financial LP increased its position in shares of First Horizon by 57.9% during the second quarter. Allworth Financial LP now owns 2,064 shares of the financial services provider's stock valued at $44,000 after acquiring an additional 757 shares in the last quarter. Institutional investors own 80.28% of the company's stock.

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.

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