Fortis (NYSE:FTS) posted its quarterly earnings data on Thursday. The utilities provider reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.16, Briefing.com reports. The firm had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Fortis had a return on equity of 6.75% and a net margin of 12.72%. During the same period in the prior year, the business earned $0.56 EPS.
NYSE FTS traded up $0.01 on Friday, hitting $44.03. The company’s stock had a trading volume of 305,175 shares, compared to its average volume of 325,590. Fortis has a 52-week low of $34.96 and a 52-week high of $44.49. The company has a current ratio of 0.56, a quick ratio of 0.46 and a debt-to-equity ratio of 1.32. The company’s 50-day simple moving average is $42.76 and its 200 day simple moving average is $41.45. The firm has a market cap of $20.09 billion, a P/E ratio of 21.80, a PEG ratio of 3.96 and a beta of 0.11.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be issued a dividend of $0.3593 per share. This represents a $1.44 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend is Thursday, May 14th. Fortis’s dividend payout ratio is presently 75.39%.
Fortis Company Profile
Fortis Inc operates as an electric and gas utility company in Canada, the United States, and the Caribbean. It generates, transmits, and distributes electricity to approximately 425,000 retail customers in southeastern Arizona; and 97,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,377 MW (MW), including 57 MW of solar capacity.
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