Analysts Anticipate First Horizon National Corp (NYSE:FHN) to Announce $0.37 EPS

Equities analysts expect First Horizon National Corp (NYSE:FHN) to announce $0.37 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for First Horizon National’s earnings. The lowest EPS estimate is $0.36 and the highest is $0.38. First Horizon National posted earnings per share of $0.36 during the same quarter last year, which suggests a positive year over year growth rate of 2.8%. The company is scheduled to issue its next earnings results on Tuesday, July 16th.

On average, analysts expect that First Horizon National will report full-year earnings of $1.48 per share for the current fiscal year, with EPS estimates ranging from $1.44 to $1.51. For the next year, analysts anticipate that the firm will post earnings of $1.58 per share, with EPS estimates ranging from $1.48 to $1.68. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover First Horizon National.

First Horizon National (NYSE:FHN) last released its earnings results on Tuesday, April 16th. The financial services provider reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. First Horizon National had a return on equity of 10.02% and a net margin of 23.95%. The business had revenue of $435.60 million during the quarter, compared to analysts’ expectations of $428.95 million. During the same quarter last year, the firm posted $0.34 earnings per share. The firm’s revenue was down .4% on a year-over-year basis.

Several research firms recently commented on FHN. Zacks Investment Research raised First Horizon National from a “sell” rating to a “hold” rating in a research note on Tuesday, February 26th. TheStreet raised First Horizon National from a “c+” rating to a “b-” rating in a research note on Friday, March 1st. Stephens reaffirmed a “neutral” rating on shares of First Horizon National in a research note on Tuesday, April 16th. ValuEngine cut First Horizon National from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 21st. Finally, Jefferies Financial Group lowered First Horizon National from a “buy” rating to a “hold” rating in a report on Monday, April 1st. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $20.00.

In other First Horizon National news, EVP Susan L. Springfield sold 29,625 shares of the stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $14.89, for a total value of $441,116.25. Following the transaction, the executive vice president now owns 161,006 shares in the company, valued at $2,397,379.34. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.88% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. GHP Investment Advisors Inc. lifted its holdings in shares of First Horizon National by 1.1% in the first quarter. GHP Investment Advisors Inc. now owns 65,380 shares of the financial services provider’s stock valued at $914,000 after purchasing an additional 718 shares in the last quarter. ETF Managers Group LLC increased its position in First Horizon National by 11.4% in the first quarter. ETF Managers Group LLC now owns 7,714 shares of the financial services provider’s stock worth $108,000 after buying an additional 792 shares during the last quarter. Private Advisor Group LLC increased its position in First Horizon National by 4.8% in the fourth quarter. Private Advisor Group LLC now owns 20,197 shares of the financial services provider’s stock worth $266,000 after buying an additional 921 shares during the last quarter. Verity & Verity LLC increased its position in First Horizon National by 4.5% in the first quarter. Verity & Verity LLC now owns 22,995 shares of the financial services provider’s stock worth $321,000 after buying an additional 995 shares during the last quarter. Finally, Pennsylvania Trust Co increased its position in First Horizon National by 0.7% in the first quarter. Pennsylvania Trust Co now owns 140,500 shares of the financial services provider’s stock worth $1,964,000 after buying an additional 1,000 shares during the last quarter. Institutional investors own 87.96% of the company’s stock.

NYSE FHN traded up $0.10 during trading hours on Tuesday, hitting $14.20. 98,954 shares of the company’s stock were exchanged, compared to its average volume of 2,362,365. First Horizon National has a 1-year low of $12.30 and a 1-year high of $19.24. The stock has a market capitalization of $4.50 billion, a P/E ratio of 10.07, a P/E/G ratio of 1.54 and a beta of 1.24. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.95 and a quick ratio of 0.93.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be issued a $0.14 dividend. The ex-dividend date is Thursday, June 13th. This represents a $0.56 annualized dividend and a yield of 3.94%. First Horizon National’s payout ratio is currently 39.72%.

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.

Read More: New Google Finance Tool and Screening Stocks

Get a free copy of the Zacks research report on First Horizon National (FHN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for First Horizon National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Horizon National and related companies with MarketBeat.com's FREE daily email newsletter.