First Horizon National Corporation (FHN) to Release Earnings on Friday

First Horizon National Corporation (NYSE:FHN) will be releasing its earnings data before the market opens on Friday, October 13th. Analysts expect First Horizon National Corporation to post earnings of $0.30 per share for the quarter.

First Horizon National Corporation (NYSE:FHN) last posted its quarterly earnings data on Friday, July 14th. The financial services provider reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. First Horizon National Corporation had a net margin of 19.13% and a return on equity of 9.10%. The firm had revenue of $328.37 million during the quarter, compared to analyst estimates of $331.27 million. During the same quarter last year, the business posted $0.24 EPS. The company’s revenue was up 2.0% on a year-over-year basis. On average, analysts expect First Horizon National Corporation to post $1.10 EPS for the current fiscal year and $1.30 EPS for the next fiscal year.

First Horizon National Corporation (NYSE:FHN) opened at 19.12 on Thursday. First Horizon National Corporation has a 1-year low of $14.60 and a 1-year high of $20.84. The company has a 50-day moving average of $17.92 and a 200-day moving average of $17.78. The firm has a market cap of $4.48 billion, a price-to-earnings ratio of 17.23 and a beta of 1.05.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 8th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date was Thursday, September 7th. First Horizon National Corporation’s dividend payout ratio is currently 32.43%.

In other First Horizon National Corporation news, CFO William C. Losch III sold 45,107 shares of the company’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $18.63, for a total transaction of $840,343.41. Following the sale, the chief financial officer now directly owns 275,497 shares of the company’s stock, valued at $5,132,509.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO William C. Losch III sold 3,500 shares of the company’s stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $18.51, for a total transaction of $64,785.00. Following the sale, the chief financial officer now directly owns 233,890 shares in the company, valued at $4,329,303.90. The disclosure for this sale can be found here. Corporate insiders own 2.09% of the company’s stock.

Several research analysts have recently weighed in on the stock. J P Morgan Chase & Co reiterated a “buy” rating and issued a $20.00 price target on shares of First Horizon National Corporation in a report on Wednesday, September 13th. Zacks Investment Research upgraded shares of First Horizon National Corporation from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Monday, September 18th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $20.00 price target on shares of First Horizon National Corporation in a report on Tuesday, October 3rd. Morgan Stanley reiterated an “equal weight” rating and issued a $19.50 price target on shares of First Horizon National Corporation in a report on Wednesday, September 27th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $20.00 price target on shares of First Horizon National Corporation in a report on Friday, July 7th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $19.44.

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First Horizon National Corporation 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 Corporation (NYSE:FHN)

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