First Horizon (NYSE:FHN – Get Free Report) issued its quarterly earnings data on Wednesday. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04, Briefing.com reports. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate 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 firm earned $0.27 EPS.
First Horizon Stock Performance
Shares of FHN stock opened at $17.39 on Thursday. First Horizon has a 52-week low of $10.16 and a 52-week high of $17.61. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.14. The stock has a market cap of $9.51 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 1.27 and a beta of 0.88. The business has a 50-day simple moving average of $15.78 and a 200-day simple moving average of $15.55.
First Horizon Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend was Friday, September 13th. First Horizon’s dividend payout ratio is currently 41.96%.
Wall Street Analysts Forecast Growth
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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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