First Horizon (NYSE:FHN – Get Free Report) announced its quarterly earnings results on Wednesday. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.04, Briefing.com reports. The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $821.63 million. First Horizon had a net margin of 14.03% and a return on equity of 8.84%. During the same quarter in the previous year, the business earned $0.27 EPS.
First Horizon Stock Performance
FHN opened at $17.44 on Friday. The business’s 50-day simple moving average is $15.83 and its 200 day simple moving average is $15.56. First Horizon has a 52-week low of $10.16 and a 52-week high of $17.68. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market capitalization of $9.53 billion, a PE ratio of 12.19, a PEG ratio of 1.27 and a beta of 0.88.
First Horizon Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.44%. The ex-dividend date was Friday, September 13th. First Horizon’s payout ratio is 41.96%.
Analysts Set New Price Targets
View Our Latest Report on First Horizon
First Horizon Company Profile
First Horizon Corporation operates as the bank holding company for First Horizon Bank that provides various financial services. The company operates through Regional Banking and Specialty Banking segments. It offers general banking services for consumers, businesses, financial institutions, and governments.
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