On Monday, First Horizon Corporation (NYSE: FHN) opened higher 1.73% from the last session, before settling in for the closing price of $19.69. Price fluctuations for FHN have ranged from $10.96 to $20.11 over the past 52 weeks.
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Annual sales at Financial sector company grew by 17.79% over the past five years. Company’s average yearly earnings per share was noted -2.51% at the time writing. With a float of $522.89 million, this company’s outstanding shares have now reached $558.84 million.
Let’s look at the performance matrix of the company that is accounted for 7249 employees. In terms of profitability, gross margin is 85.01%, operating margin of 16.52%, and the pretax margin is 19.0%.
First Horizon Corporation (FHN) Insider Updates
A key investor’s attitude towards the stock of the Banks – Regional industry is another important factor to consider. The insider ownership of First Horizon Corporation is 1.37%, while institutional ownership is 84.87%. The most recent insider transaction that took place on Nov 07 ’24, was worth 1,996,017. In this transaction SEVP Sr Strategic Executive of this company sold 100,974 shares at a rate of $19.77, taking the stock ownership to the 519,926 shares. Before that another transaction happened on Nov 07 ’24, when Company’s Officer proposed sale 100,974 for $19.77, making the entire transaction worth $1,996,017.
First Horizon Corporation (FHN) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 0.32 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.3) by 0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.36 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -2.51% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.50% during the next five years compared to -1.32% drop over the previous five years of trading.
First Horizon Corporation (NYSE: FHN) Trading Performance Indicators
Check out the current performance indicators for First Horizon Corporation (FHN). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.09. Likewise, its price to free cash flow for the trailing twelve months is 7.04.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.38, a number that is poised to hit 0.38 in the next quarter and is forecasted to reach 1.57 in one year’s time.
Technical Analysis of First Horizon Corporation (FHN)
First Horizon Corporation (NYSE: FHN) saw its 5-day average volume 10.71 million, a positive change from its year-to-date volume of 6.64 million. As of the previous 9 days, the stock’s Stochastic %D was 85.75%. Additionally, its Average True Range was 0.59.
During the past 100 days, First Horizon Corporation’s (FHN) raw stochastic average was set at 91.92%, which indicates a significant increase from 86.23% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 66.32% in the past 14 days, which was higher than the 39.93% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $16.50, while its 200-day Moving Average is $15.51. Nevertheless, the first resistance level for the watch stands at $20.41 in the near term. At $20.79, the stock is likely to face the second major resistance level. The third major resistance level sits at $21.04. If the price goes on to break the first support level at $19.77, it is likely to go to the next support level at $19.52. Assuming the price breaks the second support level, the third support level stands at $19.14.
First Horizon Corporation (NYSE: FHN) Key Stats
There are currently 535,893K shares outstanding in the company with a market cap of 10.67 billion. Presently, the company’s annual sales total 5,027 M according to its annual income of 897,000 K. Last quarter, the company’s sales amounted to 1,319 M and its income totaled 218,000 K.
