Fortis Inc. (TSE:FTS – Free Report) – Research analysts at Raymond James decreased their FY2024 earnings per share estimates for Fortis in a report issued on Wednesday, July 24th. Raymond James analyst D. Quezada now anticipates that the company will post earnings per share of $3.20 for the year, down from their previous forecast of $3.21. The consensus estimate for Fortis’ current full-year earnings is $3.21 per share.
Fortis (TSE:FTS – Get Free Report) last announced its earnings results on Wednesday, May 1st. The company reported C$0.93 EPS for the quarter, beating the consensus estimate of C$0.89 by C$0.04. Fortis had a return on equity of 7.38% and a net margin of 14.11%. The business had revenue of C$3.12 billion during the quarter, compared to the consensus estimate of C$3.34 billion.
Check Out Our Latest Research Report on FTS
Fortis Trading Up 0.4 %
Shares of TSE FTS opened at C$57.12 on Monday. Fortis has a 12 month low of C$49.82 and a 12 month high of C$57.73. The company has a market cap of C$28.16 billion, a price-to-earnings ratio of 18.25, a P/E/G ratio of 2.80 and a beta of 0.18. The company has a quick ratio of 0.36, a current ratio of 0.60 and a debt-to-equity ratio of 128.89. The business has a fifty day simple moving average of C$54.35 and a 200-day simple moving average of C$53.88.
Fortis Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Saturday, June 1st were given a dividend of $0.59 per share. The ex-dividend date was Thursday, May 16th. This represents a $2.36 annualized dividend and a dividend yield of 4.13%. Fortis’s dividend payout ratio (DPR) is presently 75.40%.
Insider Buying and Selling
In other Fortis news, Senior Officer James Reid acquired 700 shares of the business’s stock in a transaction on Wednesday, June 19th. The stock was purchased at an average price of C$52.37 per share, for a total transaction of C$36,659.00. 0.04% of the stock is owned by corporate insiders.
Fortis Company Profile
Fortis Inc operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. It generates, transmits, and distributes electricity to approximately 447,000 retail customers in southeastern Arizona; and 103,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,408 megawatts (MW), including 68 MW of solar capacity and 250 MV of wind capacity.
Featured Articles
- Five stocks we like better than Fortis
- How to Calculate Options Profits
- AbbVie Analysts Lead the Stock Higher as Humira Worries Recede
- Roth IRA Calculator: Calculate Your Potential Returns
- Harley-Davidson Stock Revs Up With Billion Dollar Buyback Program
- 3 Tickers Leading a Meme Stock Revival
- Cruise Line Stock Sinks Despite Beating EPS and Raised Guidance
Receive News & Ratings for Fortis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortis and related companies with MarketBeat.com's FREE daily email newsletter.