First Horizon (NYSE:FHN) issued its quarterly earnings data on Tuesday. The financial services provider reported $0.51 EPS for the quarter, topping the consensus estimate of $0.37 by $0.14, Briefing.com reports. First Horizon had a return on equity of 7.78% and a net margin of 23.18%. During the same period in the prior year, the firm earned $0.19 earnings per share.
FHN traded down $0.41 during trading on Thursday, hitting $17.28. The stock had a trading volume of 418,219 shares, compared to its average volume of 6,865,252. The company has a 50 day moving average price of $17.19 and a 200-day moving average price of $14.12. The firm has a market cap of $9.57 billion, a price-to-earnings ratio of 11.56 and a beta of 1.55. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.96 and a quick ratio of 0.95. First Horizon has a one year low of $6.93 and a one year high of $18.42.
The business also recently declared a quarterly dividend, which was paid on Thursday, April 1st. Shareholders of record on Friday, March 12th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.47%. The ex-dividend date was Thursday, March 11th. First Horizon’s dividend payout ratio (DPR) is 36.14%.
Several equities research analysts recently issued reports on FHN shares. Raymond James lifted their price objective on First Horizon from $17.00 to $21.00 and gave the company a “strong-buy” rating in a research note on Tuesday, April 13th. Morgan Stanley boosted their price target on First Horizon from $18.50 to $19.50 and gave the stock an “equal weight” rating in a research report on Wednesday, March 24th. Finally, Zacks Investment Research upgraded shares of First Horizon from a “hold” rating to a “strong-buy” rating and set a $15.00 target price for the company in a research note on Tuesday, December 29th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $13.45.
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 four segments: Regional Banking, Fixed Income, Corporate, and Non-Strategic. It offers general banking services for consumers, businesses, financial institutions, and governments.
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