First Horizon National (NYSE:FHN) will be posting its quarterly earnings results before the market opens on Thursday, July 12th.
First Horizon National (NYSE:FHN) last posted its earnings results on Friday, April 13th. The financial services provider reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.04. First Horizon National had a return on equity of 9.37% and a net margin of 12.30%. The business had revenue of $437.20 million for the quarter, compared to analysts’ expectations of $438.60 million. During the same quarter in the previous year, the firm earned $0.23 earnings per share. The business’s revenue was up 42.6% compared to the same quarter last year. On average, analysts expect First Horizon National to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Get First Horizon National alerts:FHN opened at $17.81 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.90 and a current ratio of 0.92. First Horizon National has a one year low of $15.84 and a one year high of $20.86. The stock has a market cap of $5.86 billion, a PE ratio of 16.05, a PEG ratio of 1.73 and a beta of 0.98.
The company also recently announced a quarterly dividend, which was paid on Monday, July 2nd. Stockholders of record on Friday, June 8th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend was Thursday, June 7th. First Horizon National’s dividend payout ratio (DPR) is currently 43.24%.
A number of research firms have recently commented on FHN. ValuEngine cut First Horizon National from a “hold” rating to a “sell” rating in a research report on Monday. Hovde Group upgraded First Horizon National from a “market perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research report on Friday, June 29th. FIG Partners upgraded First Horizon National from a “market perform” rating to an “outperform” rating in a research report on Monday, April 16th. Piper Jaffray Companies began coverage on First Horizon National in a research report on Monday, April 9th. They set an “overweight” rating and a $22.00 target price on the stock. Finally, Wells Fargo & Co upgraded First Horizon National from a “market perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research report on Thursday, April 5th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. First Horizon National presently has an average rating of “Buy” and an average price target of $22.17.
About First Horizon National
First Horizon National Corporation operates as the bank holding company for First Tennessee Bank National Association that provides various financial services. It operates through four segments: Regional Banking, Fixed Income, Corporate, and Non-Strategic. The company offers general banking services for consumers, businesses, financial institutions, and governments.
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