Wedbush Has Bullish Estimate for First Horizon Q1 Earnings

First Horizon Co. (NYSE:FHN) – Equities researchers at Wedbush boosted their Q1 2025 earnings estimates for First Horizon in a research report issued to clients and investors on Wednesday, October 16th. Wedbush analyst D. Chiaverini now forecasts that the financial services provider will post earnings of $0.36 per share for the quarter, up from their previous estimate of $0.35. Wedbush has a “Neutral” rating and a $17.00 price objective on the stock. The consensus estimate for First Horizon’s current full-year earnings is $1.46 per share. Wedbush also issued estimates for First Horizon’s Q2 2025 earnings at $0.36 EPS, Q3 2025 earnings at $0.38 EPS, Q4 2025 earnings at $0.39 EPS and FY2025 earnings at $1.50 EPS.

First Horizon (NYSE:FHN) last released its earnings results on Wednesday, October 16th. The financial services provider reported $0.42 EPS for the quarter, beating the consensus estimate of $0.38 by $0.04. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $821.63 million. First Horizon had a net margin of 14.03% and a return on equity of 8.84%. During the same period in the prior year, the business earned $0.27 earnings per share.

Other equities research analysts also recently issued reports about the company. Evercore ISI reduced their target price on First Horizon from $18.50 to $18.00 and set an “outperform” rating for the company in a report on Wednesday, October 2nd. Raymond James lowered shares of First Horizon from a “strong-buy” rating to an “outperform” rating and set a $18.00 price objective for the company. in a research note on Thursday, July 18th. Jefferies Financial Group lifted their target price on shares of First Horizon from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. Barclays upped their price target on shares of First Horizon from $19.00 to $21.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $18.00 price objective on shares of First Horizon in a research note on Wednesday, July 17th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, First Horizon presently has an average rating of “Moderate Buy” and an average target price of $17.77.

First Horizon Price Performance

Shares of NYSE:FHN opened at $17.13 on Monday. The company has a market capitalization of $9.37 billion, a PE ratio of 11.98, a price-to-earnings-growth ratio of 1.27 and a beta of 0.88. 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 stock has a fifty day moving average of $15.88 and a 200-day moving average of $15.59. First Horizon has a one year low of $10.16 and a one year high of $17.68.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. UMB Bank n.a. lifted its stake in shares of First Horizon by 365.0% in the 3rd quarter. UMB Bank n.a. now owns 1,688 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 1,325 shares during the last quarter. Family Firm Inc. bought a new stake in shares of First Horizon during the 2nd quarter worth about $28,000. Nemes Rush Group LLC increased its holdings in shares of First Horizon by 306.2% during the 2nd quarter. Nemes Rush Group LLC now owns 1,828 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 1,378 shares during the last quarter. Fidelis Capital Partners LLC bought a new position in shares of First Horizon in the 1st quarter valued at approximately $28,000. Finally, Industrial Alliance Investment Management Inc. acquired a new stake in First Horizon in the 2nd quarter worth approximately $31,000. 80.28% of the stock is owned by institutional investors and hedge funds.

About First Horizon

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.