First Horizon National (FHN) Set to Announce Earnings on Friday

First Horizon National (NYSE:FHN) will be posting its quarterly earnings results before the market opens on Friday, January 18th. Analysts expect First Horizon National to post earnings of $0.36 per share for the quarter.

First Horizon National (NYSE:FHN) last posted its quarterly earnings data on Tuesday, October 16th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.36. First Horizon National had a return on equity of 9.60% and a net margin of 18.17%. The firm had revenue of $441.81 million for the quarter, compared to the consensus estimate of $448.62 million. During the same quarter in the prior year, the business earned $0.32 EPS. On average, analysts expect First Horizon National to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NYSE:FHN opened at $14.19 on Friday. First Horizon National has a 52-week low of $12.30 and a 52-week high of $20.75. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.92 and a current ratio of 0.94. The firm has a market cap of $4.47 billion, a price-to-earnings ratio of 12.78, a PEG ratio of 0.85 and a beta of 1.10.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 2nd. Stockholders of record on Friday, December 14th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date was Thursday, December 13th. First Horizon National’s dividend payout ratio (DPR) is currently 43.24%.

In other news, Director Scott M. Niswonger acquired 50,000 shares of the stock in a transaction that occurred on Friday, October 19th. The stock was acquired at an average price of $15.76 per share, for a total transaction of $788,000.00. Following the transaction, the director now directly owns 640,951 shares in the company, valued at $10,101,387.76. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Scott M. Niswonger acquired 25,000 shares of the stock in a transaction that occurred on Monday, December 10th. The stock was purchased at an average price of $14.55 per share, with a total value of $363,750.00. Following the transaction, the director now owns 689,951 shares in the company, valued at $10,038,787.05. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 93,750 shares of company stock valued at $1,450,730. 1.75% of the stock is owned by corporate insiders.

FHN has been the topic of a number of analyst reports. Zacks Investment Research raised First Horizon National from a “strong sell” rating to a “hold” rating in a research note on Friday, September 14th. ValuEngine downgraded First Horizon National from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. Wells Fargo & Co set a $20.00 price target on First Horizon National and gave the company a “buy” rating in a research note on Tuesday, October 2nd. Deutsche Bank raised First Horizon National from a “hold” rating to a “buy” rating and set a $20.50 price target on the stock in a research note on Monday, November 12th. Finally, Morgan Stanley cut their price target on First Horizon National from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 11th. Two analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $20.15.

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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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Earnings History for First Horizon National (NYSE:FHN)

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