Analysts expect First Horizon National Corporation (NYSE:FHN) to announce $340.92 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for First Horizon National Corporation’s earnings. The lowest sales estimate is $335.10 million and the highest is $344.40 million. First Horizon National Corporation posted sales of $333.74 million in the same quarter last year, which would indicate a positive year over year growth rate of 2.2%. The firm is scheduled to issue its next quarterly earnings results 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 financial year, with estimates ranging from $1.39 billion to $1.41 billion. For the next fiscal year, analysts anticipate that the business will report sales of $1.83 billion per share, with estimates ranging from $1.79 billion to $1.86 billion. Zacks’ sales averages are an average based on a survey of research firms that cover First Horizon National Corporation.

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

A number of equities analysts have weighed in on the company. Royal Bank Of Canada reissued a “hold” rating and set a $20.00 price objective on shares of First Horizon National Corporation in a research note on Friday, July 7th. BidaskClub raised First Horizon National Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $21.00 price objective on shares of First Horizon National Corporation in a research note on Monday, June 12th. Zacks Investment Research raised First Horizon National Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Finally, Hovde Group lowered their price objective on First Horizon National Corporation from $20.50 to $20.00 and set a “market perform” rating on the stock in a research note on Monday, July 10th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $19.57.

In other First Horizon National Corporation news, Director Vicki R. Palmer sold 5,211 shares of First Horizon National Corporation stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $17.65, for a total value of $91,974.15. Following the sale, the director now owns 57,818 shares in the company, valued at $1,020,487.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.09% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of FHN. State Treasurer State of Michigan increased its stake in First Horizon National Corporation by 1.2% in the first quarter. State Treasurer State of Michigan now owns 94,983 shares of the financial services provider’s stock worth $1,757,000 after buying an additional 1,100 shares in the last quarter. ING Groep NV purchased a new stake in First Horizon National Corporation during the first quarter valued at about $370,000. Great West Life Assurance Co. Can increased its stake in First Horizon National Corporation by 3.7% in the first quarter. Great West Life Assurance Co. Can now owns 139,334 shares of the financial services provider’s stock valued at $2,577,000 after buying an additional 4,956 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in First Horizon National Corporation by 33.8% in the first quarter. Canada Pension Plan Investment Board now owns 21,000 shares of the financial services provider’s stock valued at $388,000 after buying an additional 5,300 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its stake in First Horizon National Corporation by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 81,291 shares of the financial services provider’s stock valued at $1,504,000 after buying an additional 1,100 shares in the last quarter. Institutional investors own 85.08% of the company’s stock.

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First Horizon National Corporation (NYSE:FHN) opened at 17.32 on Thursday. First Horizon National Corporation has a one year low of $14.60 and a one year high of $20.84. The company has a market cap of $4.06 billion, a PE ratio of 15.60 and a beta of 1.06. The stock has a 50 day moving average of $17.49 and a 200 day moving average of $18.15.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 8th will be given a $0.09 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $0.36 dividend on an annualized basis and a yield of 2.08%. First Horizon National Corporation’s dividend payout ratio is currently 32.43%.

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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