Fortis (FTS) Set to Announce Earnings on Thursday

Fortis (TSE:FTS) is scheduled to release its earnings data before the market opens on Thursday, February 15th. Analysts expect Fortis to post earnings of C$0.62 per share for the quarter.

Shares of Fortis (TSE:FTS) opened at C$41.20 on Thursday. The company has a market cap of $17,350.00, a P/E ratio of 16.55 and a beta of -0.06. Fortis has a 1 year low of C$40.88 and a 1 year high of C$48.73.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 15th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date is Wednesday, February 14th. Fortis’s dividend payout ratio is currently 64.26%.

FTS has been the subject of a number of analyst reports. CIBC boosted their price objective on shares of Fortis from C$49.00 to C$50.00 in a report on Thursday, January 11th. Royal Bank of Canada boosted their price objective on shares of Fortis from C$51.00 to C$53.00 and gave the company an “outperform” rating in a report on Monday, November 6th. National Bank Financial cut shares of Fortis from a “sector perform market weight” rating to an “underperform market weight” rating in a report on Sunday, January 28th. JPMorgan Chase & Co. boosted their price objective on shares of Fortis from C$47.00 to C$48.00 in a report on Thursday, October 19th. Finally, Scotiabank boosted their price objective on shares of Fortis from C$50.00 to C$51.00 and gave the company an “outperform” rating in a report on Monday, November 6th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of C$48.89.

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About Fortis

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.

Earnings History for Fortis (TSE:FTS)

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