Market Insight: Fortis Inc. (FTS)’s Notable Gain, Closing at 41.10

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In the latest session, Fortis Inc. (NYSE: FTS) closed at $41.10 up 0.17% from its previous closing price of $41.03. In other words, the price has increased by $0.17 from its previous closing price. On the day, 0.56 million shares were traded. FTS stock price reached its highest trading level at $41.5 during the session, while it also had its lowest trading level at $41.05.

Ratios:

For a deeper understanding of Fortis Inc.’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.52 and its Current Ratio is at 0.60. In the meantime, Its Debt-to-Equity ratio is 1.40 whereas as Long-Term Debt/Eq ratio is at 1.25.

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 20262504448 and an Enterprise Value of 54143299584. As of this moment, Fortis’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.74, and their Forward P/E ratio for the next fiscal year is 17.00. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 6.82. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.42 while its Price-to-Book (P/B) ratio in mrq is 1.34. Its current Enterprise Value per Revenue stands at 4.785 whereas that against EBITDA is 10.842.

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 4.81%, while the 200-Day Moving Average is calculated to be 2.91%.

Shares Statistics:

For the past three months, FTS has traded an average of 854.35K shares per day and 669170 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 60.08% stake in the company. Shares short for FTS as of 1714435200 were 8040447 with a Short Ratio of 9.41, compared to 1711584000 on 8808156.

Dividends & Splits

According to the company, the forward annual dividend rate for FTS is 1.70, from 2.31 in the trailing year. Against a Trailing Annual Dividend Yield of 0.056300268The stock’s 5-year Average Dividend Yield is 3.71.

Earnings Estimates

The stock of Fortis Inc. (FTS) is currently drawing attention from 6.0 analysts actively involved in the ongoing evaluation and rating process.On average, analysts expect EPS of $0.48 for the current quarter, with a high estimate of $0.49 and a low estimate of $0.47, while EPS last year was $0.46. The consensus estimate for the next quarter is $0.61, with high estimates of $0.64 and low estimates of $0.57.

Analysts are recommending an EPS of between $2.42 and $2.34 for the fiscal current year, implying an average EPS of $2.36. EPS for the following year is $2.44, with 9.0 analysts recommending between $2.51 and $2.38.

Revenue Estimates

A total of 1 analysts believe the company’s revenue will be $1.96B this quarter.It ranges from a high estimate of $1.96B to a low estimate of $1.96B. As of the current estimate, Fortis Inc.’s year-ago sales were $2.03BFor the next quarter, 1 analysts are estimating revenue of $2.02B. There is a high estimate of $2.02B for the next quarter, whereas the lowest estimate is $2.02B.

A total of 5 analysts have provided revenue estimates for FTS’s current fiscal year. The highest revenue estimate was $9.31B, while the lowest revenue estimate was $8.25B, resulting in an average revenue estimate of $8.89B. In the same quarter a year ago, actual revenue was $8.42BBased on 5 analysts’ estimates, the company’s revenue will be $9.25B in the next fiscal year. The high estimate is $9.74B and the low estimate is $8.51B.

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