Fortis Inc (TSE:FTS) is scheduled to release its earnings data before the market opens on Friday, November 3rd. Analysts expect Fortis to post earnings of C$0.56 per share for the quarter.

Shares of Fortis Inc (FTS) opened at 47.01 on Friday. Fortis Inc has a 1-year low of $39.58 and a 1-year high of $47.19. The company has a market capitalization of $19.65 billion and a price-to-earnings ratio of 20.25. The stock has a 50 day moving average of $45.39 and a 200-day moving average of $45.12.

In other Fortis news, insider Earl Ludlow sold 35,056 shares of the business’s stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of C$46.45, for a total transaction of C$1,628,351.20.

COPYRIGHT VIOLATION NOTICE: “Fortis Inc (FTS) to Release Earnings on Friday” was published by American Banking News and is owned by of American Banking News. If you are viewing this piece on another publication, it was illegally copied and republished in violation of U.S. and international copyright laws. The original version of this piece can be viewed at

Several research analysts have commented on the stock. J P Morgan Chase & Co lifted their price target on shares of Fortis from C$47.00 to C$48.00 in a research note on Thursday, October 19th. CIBC lifted their price target on shares of Fortis from C$48.00 to C$49.00 in a research note on Tuesday, October 17th. National Bank Financial reissued a “sector perform” rating and set a C$49.00 price target (up from C$48.00) on shares of Fortis in a research note on Tuesday, October 17th. BMO Capital Markets set a C$51.00 price target on shares of Fortis in a research note on Friday, September 15th. Finally, Scotiabank reissued an “outperform” rating and set a C$50.00 price target on shares of Fortis in a research note on Monday, July 31st. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Fortis currently has a consensus rating of “Buy” and an average price target of C$48.56.

Fortis Company Profile

Fortis Inc is a Canada-based electric and gas utility holding company. The Company’s segments include Regulated Utilities and Non-Regulated Utilities. The Regulated Utilities segment includes Regulated Electric & Gas Utilities-the United States, which consists of ITC Holdings Corp. (ITC Holdings), UNS Energy Corporation and Central Hudson Gas & Electric Corporation (Central Hudson); Gas & Electric Utilities-Canadian, which consists of FortisAlberta Inc (FortisAlberta), FortisBC Energy Inc (FortisBC Energy), FortisBC Inc (FortisBC Electric) and Newfoundland Power Inc (Newfoundland Power); Electric Utilities-Caribbean, which includes its ownership interest in Caribbean Utilities Company, Ltd., Fortis Turks and Caicos, and its investment in Belize Electricity Limited.

Receive News & Ratings for Fortis Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortis Inc and related companies with's FREE daily email newsletter.