StockNews.com upgraded shares of Fortis (NYSE:FTS – Free Report) from a sell rating to a hold rating in a research report report published on Tuesday morning.
Fortis Stock Performance
NYSE FTS opened at $39.95 on Tuesday. The stock has a market capitalization of $19.78 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 2.84 and a beta of 0.45. The stock’s 50 day moving average price is $39.70 and its two-hundred day moving average price is $39.66. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.52 and a current ratio of 0.60. Fortis has a 52 week low of $36.30 and a 52 week high of $43.84.
Fortis (NYSE:FTS – Get Free Report) last released its earnings results on Wednesday, May 1st. The utilities provider reported $0.69 EPS for the quarter, beating the consensus estimate of $0.65 by $0.04. The firm had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.43 billion. Fortis had a return on equity of 7.02% and a net margin of 13.66%. As a group, analysts anticipate that Fortis will post 2.33 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
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.
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