In today’s recent session, 1.29 million shares of the First Horizon Corporation (NYSE:FHN) have been traded, and its beta is 0.90. Most recently the company’s share price was $15.76, and it changed around $0.29 or 1.84% from the last close, which brings the market valuation of the company to $8.44B. FHN at last check was trading at a discount to its 52-week high of $17.46, offering almost -10.79% off that amount. The share price’s 52-week low was $10.16, which indicates that the recent value has risen by an impressive 35.53% since then. We note from First Horizon Corporation’s average daily trading volume that its 10-day average is 5.91 million shares, with the 3-month average coming to 5.87 million.

First Horizon Corporation stock received a consensus recommendation rating of Hold, based on a mean score of 1.94. If we narrow it down even further, the data shows that 0 out of 17 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 10 recommended FHN as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. First Horizon Corporation is expected to report earnings per share of 0.38 for the current quarter.

First Horizon Corporation (NYSE:FHN) trade information

Instantly FHN has been showing a green trend so far today with a performance of 1.84% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 15.79 on recent trading dayincreased the stock’s daily price by 0.19%. The company’s shares are currently up 11.26% year-to-date, but still up 4.61% over the last five days. On the other hand, First Horizon Corporation (NYSE:FHN) is 1.78% up in the 30-day period. We can see from the shorts that 4.92 million shares have been sold at a short interest cover period of 1.18 day(s).

The consensus price target as assigned by Wall Street analysts is $18.75, which translates to bulls needing to increase their stock price by 15.95% from its current value. Analyst projections state that FHN is forecast to be at a low of $16 and a high of $21.

First Horizon Corporation (FHN) estimates and forecasts

First Horizon Corporation share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 8.43 percent over the past six months and at a 2.10% annual growth rate that is well above the industry average of -8.20%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 40.70% in revenue this quarter, and will report an increase of 18.80% in the next quarter. The year-over-year growth rate is expected to be -5.40%, down from the previous year.

Consensus estimates provided by 12 financial analysts predict the company will bring in an average of 822.8M in revenue for the current quarter. 12 analysts expect First Horizon Corporation to make 821.99M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 795.49M and 800M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 3.40%. Forecasts for the next quarter put sales growth at 2.70%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -1.32%. First Horizon Corporation earnings are expected to increase by -8.20% in 2024, but the outlook is positive 6.37% per year for the next five years.

FHN Dividends

First Horizon Corporation’s next quarterly earnings report is expected to be released on 2024-Oct-16. The annual dividend yield of the stock is 3.81 percent and its annual dividend per share was 0.60. It is important to note, however, that the 3.81% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 3.99 per year.

First Horizon Corporation (NYSE:FHN)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 0.89% of First Horizon Corporation shares, and 83.27% of them are in the hands of institutional investors. The stock currently has a share float of 84.02%. First Horizon Corporation stock is held by 697.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 11.1542% of the shares, which is about 61.9 million shares worth $976.21 million.

VANGUARD GROUP INC, with 10.1486% or 56.32 million shares worth $888.2 million as of 2024-06-30, holds the second largest percentage of outstanding shares.