Fortis Inc. (FTS) Analysts See $0.62 EPS

February 14, 2018 - By Kurt Siggers

 Fortis Inc. (FTS) Analysts See $0.62 EPS

Analysts expect Fortis Inc. (TSE:FTS) to report $0.62 EPS on February, 15.They anticipate $0.02 EPS change or 3.13 % from last quarter’s $0.64 EPS. T_FTS’s profit would be $260.09M giving it 16.42 P/E if the $0.62 EPS is correct. After having $0.61 EPS previously, Fortis Inc.’s analysts see 1.64 % EPS growth. The stock decreased 1.21% or $0.5 during the last trading session, reaching $40.71. About 1.04M shares traded or 7.49% up from the average. Fortis Inc. (TSE:FTS) has 0.00% since February 14, 2017 and is . It has underperformed by 16.70% the S&P500.

Fortis Inc. (TSE:FTS) Ratings Coverage

Among 7 analysts covering Fortis Incorporated (TSE:FTS), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Fortis Incorporated had 29 analyst reports since August 4, 2015 according to SRatingsIntel. RBC Capital Markets maintained it with “Outperform” rating and $44 target in Wednesday, October 7 report. The firm earned “Buy” rating on Friday, March 3 by TD Securities. The stock of Fortis Inc. (TSE:FTS) has “Buy” rating given on Thursday, November 24 by Desjardins Securities. RBC Capital Markets maintained the shares of FTS in report on Tuesday, January 24 with “Outperform” rating. IBC upgraded Fortis Inc. (TSE:FTS) on Friday, February 17 to “Outperform” rating. Raymond James maintained it with “Outperform” rating and $50 target in Thursday, September 22 report. The firm has “Mkt Perform” rating given on Tuesday, January 17 by Raymond James. The firm has “Outperform” rating by Scotia Capital given on Friday, February 17. The firm has “Neutral” rating by JP Morgan given on Monday, February 27. The stock has “Sector Perform” rating by IBC on Wednesday, July 20.

Fortis Inc. operates as an electric and gas utility firm in Canada, the United States, and the Caribbean. The company has market cap of $17.08 billion. It generates, transmits, and distributes electricity to approximately 420,000 retail clients in a territory comprising approximately 2,991 square kilometers located in southeastern Arizona, including the greater Tucson metropolitan area in Pima county, as well as parts of Cochise county; and 95,000 retail clients in Arizona??s Mohave and Santa Cruz counties with an aggregate capacity of 2,994 megawatts comprising 54 MW of solar capacity. It has a 16.28 P/E ratio. The firm also sells wholesale electricity to other entities in the western United States; owns gas-fired and hydroelectric generating capacity totaling 64 MW; and distributes natural gas to approximately 994,000 clients in approximately 135 communities in British Columbia, Canada.

More notable recent Fortis Inc. (TSE:FTS) news were published by: Fool.ca which released: “Does Fortis Inc. Belong in Your Portfolio?” on February 04, 2018, also Theglobeandmail.com with their article: “The decline in Fortis’ share price is no cause for immediate concern” published on February 13, 2018, Marketwired.com published: “Advisory: Fortis Inc. to Hold Teleconference on February 15 to Discuss 2017 …” on February 06, 2018. More interesting news about Fortis Inc. (TSE:FTS) were released by: Nasdaq.com and their article: “Ex-Dividend Reminder: Southwest Gas Holdings, American States Water and Fortis” published on February 12, 2018 as well as Fool.ca‘s news article titled: “Consider Fortis Inc. for Long-Term, Stable Income” with publication date: January 30, 2018.

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