Fortis (NYSE:FTS) is scheduled to be announcing its earnings results before the market opens on Thursday, February 15th. Analysts expect the company to announce earnings of $0.49 per share for the quarter.
Fortis (FTS) opened at $32.69 on Tuesday. The company has a quick ratio of 0.43, a current ratio of 0.52 and a debt-to-equity ratio of 1.31. Fortis has a one year low of $31.27 and a one year high of $38.24. The company has a market capitalization of $13,900.00, a PE ratio of 16.26, a P/E/G ratio of 2.96 and a beta of 0.39.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 15th will be paid a $0.3353 dividend. This represents a $1.34 annualized dividend and a dividend yield of 4.10%. The ex-dividend date is Wednesday, February 14th. Fortis’s dividend payout ratio (DPR) is 66.67%.
Several research analysts recently commented on FTS shares. Zacks Investment Research upgraded Fortis from a “sell” rating to a “hold” rating and set a $39.00 price target on the stock in a research note on Monday, January 22nd. National Bank Financial cut Fortis from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 29th. Raymond James Financial upgraded Fortis from a “market perform” rating to an “outperform” rating in a research note on Friday. UBS Group upgraded Fortis from a “market perform” rating to an “outperform” rating in a research note on Friday. Finally, Scotiabank reiterated a “buy” rating and issued a $51.00 price target on shares of Fortis in a research note on Monday, December 4th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $42.33.
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Fortis Company Profile
Fortis Inc operates as an electric and gas utility company in Canada, the United States, and the Caribbean. It generates, transmits, and distributes electricity to approximately 420,000 retail customers in a territory comprising approximately 2,991 square kilometers located in southeastern Arizona, including the greater Tucson metropolitan area in Pima county, as well as parts of Cochise county; and 95,000 retail customers in Arizonas Mohave and Santa Cruz counties with an aggregate capacity of 2,994 megawatts (MW) comprising 54 MW of solar capacity.
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