Equities Analysts Offer Predictions for First Horizon Co.’s FY2022 Earnings (NYSE:FHN)

First Horizon Co. (NYSE:FHNGet Rating) – Equities research analysts at Jefferies Financial Group issued their FY2022 earnings per share estimates for First Horizon in a research note issued to investors on Wednesday, September 14th. Jefferies Financial Group analyst C. Haire forecasts that the financial services provider will earn $1.81 per share for the year. The consensus estimate for First Horizon’s current full-year earnings is $1.56 per share.

First Horizon (NYSE:FHNGet Rating) last announced its quarterly earnings data on Tuesday, July 19th. The financial services provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). First Horizon had a net margin of 26.78% and a return on equity of 12.27%. During the same period last year, the business earned $0.58 earnings per share.

A number of other analysts also recently commented on FHN. Truist Financial upped their target price on First Horizon to $25.00 in a research note on Friday, June 3rd. StockNews.com upgraded First Horizon from a “sell” rating to a “hold” rating in a research note on Friday, September 9th. Nine analysts have rated the stock with a hold rating, According to MarketBeat.com, First Horizon has a consensus rating of “Hold” and a consensus target price of $22.83.

First Horizon Stock Down 0.6 %

Shares of FHN opened at $23.33 on Monday. First Horizon has a 52 week low of $14.67 and a 52 week high of $24.24. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $12.47 billion, a price-to-earnings ratio of 16.20, a PEG ratio of 3.02 and a beta of 1.04. The stock’s 50-day moving average price is $22.68 and its 200-day moving average price is $22.64.

First Horizon Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Friday, September 9th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, September 8th. This represents a $0.60 dividend on an annualized basis and a yield of 2.57%. First Horizon’s dividend payout ratio is currently 41.67%.

Hedge Funds Weigh In On First Horizon

A number of hedge funds have recently made changes to their positions in the company. Captrust Financial Advisors raised its holdings in shares of First Horizon by 74.6% during the second quarter. Captrust Financial Advisors now owns 70,146 shares of the financial services provider’s stock valued at $1,544,000 after acquiring an additional 29,976 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of First Horizon by 38.0% during the second quarter. Legal & General Group Plc now owns 1,117,392 shares of the financial services provider’s stock valued at $24,427,000 after acquiring an additional 307,890 shares during the last quarter. ExodusPoint Capital Management LP raised its holdings in shares of First Horizon by 168.8% during the second quarter. ExodusPoint Capital Management LP now owns 271,694 shares of the financial services provider’s stock valued at $5,939,000 after acquiring an additional 170,615 shares during the last quarter. Walleye Capital LLC raised its holdings in shares of First Horizon by 316.5% during the second quarter. Walleye Capital LLC now owns 276,057 shares of the financial services provider’s stock valued at $6,035,000 after acquiring an additional 209,776 shares during the last quarter. Finally, Poplar Forest Capital LLC acquired a new position in shares of First Horizon during the second quarter valued at approximately $238,000. Institutional investors and hedge funds own 81.49% of the company’s stock.

About First Horizon

(Get Rating)

First Horizon Corporation operates as the bank holding company for First Horizon Bank that provides various financial services. The company operates through three segments: Regional Banking, Specialty Banking, and Corporate. It offers general banking services for consumers, businesses, financial institutions, and governments.

Further Reading

Earnings History and Estimates for First Horizon (NYSE:FHN)

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