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First Horizon Corporation (NYSE: FHN) closed the day trading at $15.25 down -1.49% from the previous closing price of $15.48. In other words, the price has decreased by -$1.49 from its previous closing price. On the day, 6.46 million shares were traded. FHN stock price reached its highest trading level at $15.28 during the session, while it also had its lowest trading level at $14.895.
Ratios:
For a better understanding of FHN, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.66 whereas as Long-Term Debt/Eq ratio is at 0.14.
On July 17, 2024, Keefe Bruyette Downgraded its rating to Mkt Perform which previously was Outperform but kept the price unchanged to $18.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FHN now has a Market Capitalization of 8295618560 and an Enterprise Value of 10594369536. As of this moment, First’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.61, and their Forward P/E ratio for the next fiscal year is 9.66. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.71. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.62 while its Price-to-Book (P/B) ratio in mrq is 0.99. Its current Enterprise Value per Revenue stands at 3.595.
Stock Price History:
Over the past 52 weeks, FHN has reached a high of $17.46, while it has fallen to a 52-week low of $10.08. The 50-Day Moving Average of the stock is -4.40%, while the 200-Day Moving Average is calculated to be 2.47%.
Shares Statistics:
Over the past 3-months, FHN traded about 6.01M shares per day on average, while over the past 10 days, FHN traded about 4776610 shares per day. A total of 558.84M shares are outstanding, with a floating share count of 528.64M. Insiders hold about 1.35% of the company’s shares, while institutions hold 83.45% stake in the company. Shares short for FHN as of 1723680000 were 6906093 with a Short Ratio of 1.15, compared to 1721001600 on 9084849. Therefore, it implies a Short% of Shares Outstanding of 6906093 and a Short% of Float of 1.66.
Dividends & Splits
FHN’s forward annual dividend rate is 0.60, up from 0.6 a year ago. Against a Trailing Annual Dividend Yield of 0.038759694The stock’s 5-year Average Dividend Yield is 3.98.
Earnings Estimates
First Horizon Corporation (FHN) is currently under the scrutiny of 16.0 analysts, each contributing to the ongoing evaluation of its stock.The consensus estimate for the next quarter is $0.38, with high estimates of $0.44 and low estimates of $0.35.
Analysts are recommending an EPS of between $1.58 and $1.4 for the fiscal current year, implying an average EPS of $1.46. EPS for the following year is $1.59, with 16.0 analysts recommending between $1.83 and $1.52.
Revenue Estimates
13 analysts predict $821.82M in revenue for the current quarter. It ranges from a high estimate of $833.7M to a low estimate of $813.55M. As of the current estimate, First Horizon Corporation’s year-ago sales were $795.49MFor the next quarter, 13 analysts are estimating revenue of $826.16M. There is a high estimate of $847.9M for the next quarter, whereas the lowest estimate is $813.7M.
A total of 13 analysts have provided revenue estimates for FHN’s current fiscal year. The highest revenue estimate was $3.33B, while the lowest revenue estimate was $3.26B, resulting in an average revenue estimate of $3.29B. In the same quarter a year ago, actual revenue was $3.47BBased on 13 analysts’ estimates, the company’s revenue will be $3.4B in the next fiscal year. The high estimate is $3.46B and the low estimate is $3.31B.
