First Horizon National (FHN) Scheduled to Post Earnings on Thursday

First Horizon National (NYSE:FHN) is scheduled to be releasing its earnings data before the market opens on Thursday, January 11th.

First Horizon National (NYSE:FHN) last announced its quarterly earnings results on Friday, October 13th. The financial services provider reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.02. First Horizon National had a return on equity of 9.40% and a net margin of 19.36%. The firm had revenue of $337.00 million during the quarter, compared to analyst estimates of $340.48 million. During the same quarter in the previous year, the business earned $0.27 EPS. On average, analysts expect First Horizon National to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

First Horizon National (NYSE FHN) opened at $20.09 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 0.38. First Horizon National has a 52 week low of $15.84 and a 52 week high of $20.86. The firm has a market capitalization of $4,700.00, a PE ratio of 17.94, a P/E/G ratio of 2.25 and a beta of 1.03.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, November 3rd were paid a $0.09 dividend. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $0.36 annualized dividend and a dividend yield of 1.79%. First Horizon National’s dividend payout ratio is presently 32.14%.

Several brokerages recently weighed in on FHN. Vining Sparks upgraded First Horizon National to a “buy” rating and set a $25.00 price target for the company in a research note on Monday. Barclays lifted their price target on First Horizon National from $21.00 to $23.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Royal Bank of Canada restated a “hold” rating and issued a $22.00 price target on shares of First Horizon National in a research note on Tuesday, December 5th. Morgan Stanley lifted their price target on First Horizon National from $20.00 to $22.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 13th. Finally, Zacks Investment Research upgraded First Horizon National from a “sell” rating to a “hold” rating in a research note on Monday, October 9th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. First Horizon National has a consensus rating of “Hold” and an average price target of $21.67.

In other First Horizon National news, Director R Brad Martin sold 5,449 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $19.25, for a total transaction of $104,893.25. Following the completion of the sale, the director now directly owns 482,188 shares in the company, valued at approximately $9,282,119. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.09% of the stock is currently owned by insiders.

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First Horizon National Company Profile

First Horizon National Corporation (FHN) is a bank holding company. The Company provides financial services through its subsidiary, First Tennessee Bank National Association (the Bank). The Company has four segments: regional banking, fixed income, corporate and non-strategic. The Company’s regional banking segment offers financial products and services, including traditional lending and deposit taking, to retail and commercial customers in Tennessee and other selected markets.

Earnings History for First Horizon National (NYSE:FHN)

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