First Horizon Corporation (NYSE:FHN)’s traded shares stood at 1.03 million during the latest session, with the company’s beta value hitting 0.62. At the last check today, the stock’s price was $19.88, to imply a decrease of -0.43% or -$0.08 in intraday trading. The FHN share’s 52-week high remains $22.44, putting it -12.88% down since that peak but still an impressive 29.12% since price per share fell to its 52-week low of $14.09.
Analysts have given a consensus recommendation of Buy for First Horizon Corporation (FHN), translating to a mean rating of 1.89. Of 12 analyst(s) looking at the stock, 0 analyst(s) give FHN a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 11 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.41.
First Horizon Corporation (NYSE:FHN) trade information
After registering a -0.43% downside in the latest session, First Horizon Corporation (FHN) has traded red over the past five days. The 5-day price performance for the stock is -0.43%, and -1.61% over 30 days. With these gigs, the year-to-date price performance is -1.32%.
The extremes give us $16 and $21 for target low and target high price respectively. As such, FHN has been trading -5.63% off suggested target high and 19.52% from its likely low.
First Horizon Corporation (FHN) estimates and forecasts
The rating firms project that company’s revenue will grow 1.58% compared to the previous financial year.
Revenue forecast for the current quarter as set by 7 analysts is 833.43M. Meanwhile, for the current quarter, a total of 7 analyst(s) estimate revenue growth to 847.01M.Earnings reports from the last fiscal year show that sales brought in 819M and 832M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 1.76% before jumping 1.80% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -0.31% for the past 5-year period. While 2025 is set for a 9.75% return in earnings, projections for the next 5 years are at 10.33% annually.
FHN Dividends
First Horizon Corporation has its next earnings report out in July. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. First Horizon Corporation has a forward dividend ratio of 0.60, with the share yield ticking at 3.02% to continue the rising pattern observed over the past year.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 56.32 million shares, or about 10.3537% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $888.2 million.
