First Horizon Corp (NYSE: FHN) has reported E.P.S. of $0.31 for its fourth fiscal quarter (ending December 31) versus $0.48 for the same period a year ago — a decline of -35%. However, this result exceeded the consensus estimate of $0.31 by $0.00. For the latest four quarters through December 31, E.P.S. were $1.58 versus $1.62 for the same period a year ago — a decline of -2%.
Recent Price Action
On 1/18/24, First Horizon Corp (NYSE: FHN) stock enjoyed a very large increase of 5.1%, closing at $13.92. Moreover, trading volume in this advance was unusually high at 186% of normal. Relative to the market the stock has been strong over the last nine months but has declined -2.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, FHN is expected to continue to be an important Value Builder.
First Horizon has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. First Horizon has a slightly positive Appreciation Score of 66 and a good Power Rating of 73, and the Positive Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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