Fortis Inc. (NYSE: FTS): Reassessing Prospects

Fortis Inc. (FTS) concluded trading on Thursday at a closing price of $39.13, with 4.46 million shares of worth about $174.65 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -1.71% during that period and on Thursday the price saw a gain of about 0.72%. Currently the company’s common shares owned by public are about 490.60M shares, out of which, 487.94M shares are available for trading.

Stock saw a price change of 0.49% in past 5 days and over the past one month there was a price change of -3.05%. Year-to-date (YTD), FTS shares are showing a performance of -4.86% which decreased to -5.23% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $36.30 but also hit the highest price of $46.28 during that period. The average intraday trading volume for Fortis Inc. shares is 738.92K. The stock is currently trading -1.38% below its 20-day simple moving average (SMA20), while that difference is down -3.26% for SMA50 and it goes to -4.84% lower than SMA200.

Fortis Inc. (NYSE: FTS) currently have 490.60M outstanding shares and institutions hold larger chunk of about 61.51% of that.

The stock has a current market capitalization of $19.12B and its 3Y-monthly beta is at 0.43. PE ratio of stock for trailing 12 months is 17.06, while it has posted earnings per share of $2.29 in the same period. Its PEG reads 4.11 and has Quick Ratio of 0.58 while making debt-to-equity ratio of 1.40. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FTS, volatility over the week remained 1.75% while standing at 1.64% over the month.

Analysts are in expectations that Fortis Inc. (FTS) stock would likely to be making an EPS of $0.65 in the current quarter, while forecast for next quarter EPS is $0.48 and it is $2.45 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.61 which is $0.68 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.69 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 3.25% while it is estimated to increase by 3.66% in next year. EPS is likely to grow at an annualized rate of 4.15% for next 5-years, compared to annual growth of 2.79% made by the stock over the past 5-years.

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