First Horizon (NYSE:FHN – Get Free Report) posted its earnings results on Wednesday. The financial services provider reported $0.42 EPS for the quarter, beating the consensus estimate of $0.38 by $0.04, Briefing.com reports. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $821.63 million. First Horizon had a return on equity of 8.84% and a net margin of 14.03%. During the same period last year, the company earned $0.27 earnings per share.
First Horizon Stock Performance
First Horizon stock remained flat at $17.44 during midday trading on Friday. The company had a trading volume of 2,098,892 shares, compared to its average volume of 6,577,076. The stock’s 50-day moving average price is $15.83 and its 200-day moving average price is $15.56. First Horizon has a twelve month low of $10.16 and a twelve month high of $17.68. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market capitalization of $9.54 billion, a P/E ratio of 12.19, a P/E/G ratio of 1.27 and a beta of 0.88.
First Horizon Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors 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 3.44%. The ex-dividend date was Friday, September 13th. First Horizon’s payout ratio is 41.96%.
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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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