Fortis (FTS) to Release Quarterly Earnings on Friday

Fortis (NYSE:FTS) is expected to issue its quarterly earnings data before the market opens on Friday, February 14th. Analysts expect the company to announce earnings of $0.57 per share and revenue of $2.33 billion for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Fortis (NYSE:FTS) last issued its earnings results on Tuesday, November 5th. The utilities provider reported $0.85 EPS for the quarter, topping the consensus estimate of $0.59 by $0.26. Fortis had a net margin of 14.06% and a return on equity of 7.01%. The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the previous year, the firm earned $0.63 earnings per share. On average, analysts expect Fortis to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Fortis Stock Up 0.0 %

Shares of NYSE FTS opened at $43.57 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.74 and a debt-to-equity ratio of 1.32. Fortis has a 52 week low of $36.86 and a 52 week high of $46.06. The firm’s fifty day moving average is $42.42 and its 200 day moving average is $43.38. The company has a market cap of $21.75 billion, a price-to-earnings ratio of 18.31, a PEG ratio of 3.85 and a beta of 0.50.

Fortis Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.4382 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.75 annualized dividend and a dividend yield of 4.02%. Fortis’s dividend payout ratio (DPR) is presently 79.41%.

Wall Street Analyst Weigh In

Separately, Raymond James cut Fortis from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 6th.

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.