Brokerages expect that First Horizon National Corporation (NYSE:FHN) will post $0.29 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Five analysts have made estimates for First Horizon National’s earnings, with the lowest EPS estimate coming in at $0.25 and the highest estimate coming in at $0.32. First Horizon National reported earnings of $0.23 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 26.1%. The firm is scheduled to issue its next quarterly earnings report on Friday, January 19th.

According to Zacks, analysts expect that First Horizon National will report full year earnings of $1.42 per share for the current fiscal year, with EPS estimates ranging from $1.30 to $1.53. For the next fiscal year, analysts forecast that the business will post earnings of $1.68 per share, with EPS estimates ranging from $1.50 to $1.83. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for First Horizon National.

First Horizon National (NYSE:FHN) last announced its quarterly earnings data on Friday, January 19th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. First Horizon National had a net margin of 11.18% and a return on equity of 8.80%. The business had revenue of $375.30 million during the quarter, compared to analyst estimates of $368.93 million. During the same period last year, the firm posted $0.23 EPS. The company’s revenue was up 17.4% on a year-over-year basis.

Several analysts have recently weighed in on FHN shares. Zacks Investment Research upgraded First Horizon National from a “sell” rating to a “hold” rating in a research report on Monday, October 9th. Morgan Stanley restated an “equal weight” rating and issued a $20.00 price objective (up from $19.50) on shares of First Horizon National in a report on Wednesday, October 4th. Barclays lifted their target price on First Horizon National from $21.00 to $23.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Raymond James Financial upgraded First Horizon National from an “outperform” rating to a “strong-buy” rating and set a $22.00 target price on the stock in a research note on Wednesday, November 8th. Finally, UBS Group upgraded First Horizon National from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, three have given a buy rating and three have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $22.11.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Neuberger Berman Group LLC boosted its position in First Horizon National by 0.8% in the second quarter. Neuberger Berman Group LLC now owns 13,800 shares of the financial services provider’s stock valued at $240,000 after buying an additional 110 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in First Horizon National by 2.4% in the second quarter. PNC Financial Services Group Inc. now owns 12,227 shares of the financial services provider’s stock valued at $214,000 after buying an additional 286 shares during the last quarter. Gotham Asset Management LLC lifted its holdings in First Horizon National by 6.6% in the second quarter. Gotham Asset Management LLC now owns 14,002 shares of the financial services provider’s stock valued at $244,000 after acquiring an additional 873 shares during the period. Ameritas Investment Partners Inc. lifted its holdings in First Horizon National by 1.6% in the second quarter. Ameritas Investment Partners Inc. now owns 69,960 shares of the financial services provider’s stock valued at $1,219,000 after acquiring an additional 1,075 shares during the period. Finally, Zacks Investment Management lifted its holdings in First Horizon National by 1.4% in the second quarter. Zacks Investment Management now owns 88,538 shares of the financial services provider’s stock valued at $1,542,000 after acquiring an additional 1,191 shares during the period. Hedge funds and other institutional investors own 89.46% of the company’s stock.

First Horizon National (FHN) opened at $20.10 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.92 and a quick ratio of 0.90. The firm has a market cap of $4,722.09, a price-to-earnings ratio of 29.13, a P/E/G ratio of 2.04 and a beta of 1.03. First Horizon National has a fifty-two week low of $15.84 and a fifty-two week high of $20.86.

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First Horizon National 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 (NYSE:FHN)

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