As of close of business last night, Fortis Inc.’s stock clocked out at $37.95, down -0.65% from its previous closing price of $38.20. In other words, the price has decreased by -$0.25 from its previous closing price. On the day, 832378 shares were traded.
Ratios:
To gain a deeper understanding of FTS’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.58 and its Current Ratio is at 0.67. In the meantime, Its Debt-to-Equity ratio is 1.40 whereas as Long-Term Debt/Eq ratio is at 1.28.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FTS now has a Market Capitalization of 18.86B and an Enterprise Value of 41.71B. As of this moment, Fortis’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.55, and their Forward P/E ratio for the next fiscal year is 15.49. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 6.37. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.19 while its Price-to-Book (P/B) ratio in mrq is 1.23. Its current Enterprise Value per Revenue stands at 3.62 whereas that against EBITDA is 8.10.
Stock Price History:
Over the past 52 weeks, FTS has reached a high of $46.28, while it has fallen to a 52-week low of $36.30. The 50-Day Moving Average of the stock is 39.31, while the 200-Day Moving Average is calculated to be 40.31.
Shares Statistics:
It appears that FTS traded 885.53K shares on average per day over the past three months and 617.59k shares per day over the past ten days. A total of 493.00M shares are outstanding, with a floating share count of 492.34M. Insiders hold about 0.13% of the company’s shares, while institutions hold 60.86% stake in the company. Shares short for FTS as of Mar 15, 2024 were 10.35M with a Short Ratio of 11.68, compared to 13.33M on Feb 15, 2024.
Dividends & Splits
With its trailing 12-month dividend rate of 2.29, FTS has a forward annual dividend rate of 1.70. Against a Trailing Annual Dividend Yield of 5.98%, it implies a Forward Annual Dividend Yield of 4.45%. The stock’s 5-year Average Dividend Yield is 3.69. The current Payout Ratio is 73.81% for FTS, which recently paid a dividend on Jun 01, 2024 with an ex-dividend date of May 16, 2024. Stock splits for the company last occurred on Oct 14, 2005 when the company split stock in a 4:1 ratio.
Earnings Estimates
As of right now, 9 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.65 for the current quarter, with a high estimate of $0.68 and a low estimate of $0.61, while EPS last year was $0.69. The consensus estimate for the next quarter is $0.48, with high estimates of $0.5 and low estimates of $0.46.
Analysts are recommending an EPS of between $2.39 and $2.29 for the fiscal current year, implying an average EPS of $2.36. EPS for the following year is $2.45, with 11 analysts recommending between $2.51 and $2.37.
Revenue Estimates
In the current quarter, 1 analysts expect revenue to total $2.47B. It ranges from a high estimate of $2.47B to a low estimate of $2.47B. As of the current estimate, Fortis Inc.’s year-ago sales were $2.33B, an estimated increase of 6.40% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $1.96B, a decrease of -3.10% less than the figure of $6.40% in the same quarter last year. There is a high estimate of $1.96B for the next quarter, whereas the lowest estimate is $1.96B.
A total of 9 analysts have provided revenue estimates for FTS’s current fiscal year. The highest revenue estimate was $9.65B, while the lowest revenue estimate was $8.32B, resulting in an average revenue estimate of $8.81B. In the same quarter a year ago, actual revenue was $8.48B, up 3.90% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $9.16B in the next fiscal year. The high estimate is $9.79B and the low estimate is $8.58B. The average revenue growth estimate for next year is up 3.90% from the average revenue estimate for this year.
