Brokerages predict that First Horizon National Corporation (NYSE:FHN) will report sales of $340.92 million for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for First Horizon National Corporation’s earnings, with estimates ranging from $335.10 million to $344.40 million. First Horizon National Corporation reported sales of $333.74 million in the same quarter last year, which indicates a positive year-over-year growth rate of 2.2%. The firm is scheduled to announce its next quarterly earnings report on Friday, October 13th.

On average, analysts expect that First Horizon National Corporation will report full year sales of $340.92 million for the current year, with estimates ranging from $1.39 billion to $1.41 billion. For the next year, analysts forecast that the firm will post sales of $1.83 billion per share, with estimates ranging from $1.79 billion to $1.86 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow First Horizon National Corporation.

First Horizon National Corporation (NYSE:FHN) last announced its quarterly earnings data on Friday, July 14th. The financial services provider reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. First Horizon National Corporation had a return on equity of 9.10% and a net margin of 19.13%. The company had revenue of $328.37 million for the quarter, compared to analyst estimates of $331.27 million. During the same quarter last year, the firm earned $0.24 EPS. First Horizon National Corporation’s revenue for the quarter was up 2.0% compared to the same quarter last year.

A number of equities analysts have recently weighed in on FHN shares. ValuEngine upgraded First Horizon National Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $21.00 target price on shares of First Horizon National Corporation in a research note on Monday, June 12th. J P Morgan Chase & Co reiterated a “buy” rating and set a $20.00 target price on shares of First Horizon National Corporation in a research note on Wednesday, September 13th. Zacks Investment Research upgraded First Horizon National Corporation from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Monday. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $20.00 target price on shares of First Horizon National Corporation in a research note on Friday, July 7th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. First Horizon National Corporation presently has an average rating of “Hold” and an average price target of $19.50.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Neuburgh Advisers LLC boosted its holdings in shares of First Horizon National Corporation by 16.1% during the 1st quarter. Neuburgh Advisers LLC now owns 7,392 shares of the financial services provider’s stock valued at $137,000 after acquiring an additional 1,024 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of First Horizon National Corporation by 8.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,472 shares of the financial services provider’s stock valued at $148,000 after acquiring an additional 676 shares in the last quarter. Tudor Investment Corp ET AL acquired a new stake in shares of First Horizon National Corporation during the 1st quarter valued at $189,000. Greenwood Capital Associates LLC boosted its holdings in shares of First Horizon National Corporation by 7.3% during the 2nd quarter. Greenwood Capital Associates LLC now owns 11,117 shares of the financial services provider’s stock valued at $194,000 after acquiring an additional 757 shares in the last quarter. Finally, United Capital Financial Advisers LLC boosted its holdings in shares of First Horizon National Corporation by 1.3% during the 1st quarter. United Capital Financial Advisers LLC now owns 11,885 shares of the financial services provider’s stock valued at $220,000 after acquiring an additional 157 shares in the last quarter. 85.05% of the stock is currently owned by institutional investors.

Shares of First Horizon National Corporation (FHN) opened at 17.82 on Tuesday. The firm has a market cap of $4.17 billion, a price-to-earnings ratio of 16.05 and a beta of 1.04. First Horizon National Corporation has a one year low of $14.60 and a one year high of $20.84. The stock’s 50 day moving average price is $17.28 and its 200 day moving average price is $17.81.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 8th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend is Thursday, September 7th. First Horizon National Corporation’s dividend payout ratio (DPR) is 32.43%.

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First Horizon National Corporation Company Profile

First Horizon National Corporation (FHN) is a bank holding company. The Company provides financial services through its subsidiary, First Tennessee Bank National Association (the Bank). The Company has four segments: regional banking, fixed income, corporate and non-strategic. The Company’s regional banking segment offers financial products and services, including traditional lending and deposit taking, to retail and commercial customers in Tennessee and other selected markets.

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

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