First Horizon Corp (NYSE: FHN) has reported E.P.S. of $0.40 for its third fiscal quarter (ending September 30) versus $0.23 for the same period a year ago — an increase of 74%. Relative to the consensus estimate of $0.38, this was a premium of $0.02. For the latest four quarters through September 30, E.P.S. were $1.38 versus $1.74 for the same period a year ago — a decline of -21%.
Recent Price Action
First Horizon Corp (NYSE: FHN) stock closed at $17.39 on 10/16/24 after a large increase of 4.1%. Moreover, this advance was accompanied by exceptionally high trading volume at 243% of normal. The stock has risen 12.4% during the last week and has been strong relative to the market over the last nine months.
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). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. First Horizon has a slightly positive Appreciation Score of 69 and a good Power Rating of 74, resulting in the Positive Value Trend Rating.
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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