On Monday, Fortis Inc. (NYSE: FTS) opened higher 0.57% from the last session, before settling in for the closing price of $43.77. Price fluctuations for FTS have ranged from $36.30 to $43.83 over the past 52 weeks.
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Utilities Sector giant saw their annual sales surged by 5.84% over the last five years. Company’s average yearly earnings per share was noted 2.48% at the time writing. With a float of $493.96 million, this company’s outstanding shares have now reached $495.20 million.
The firm has a total of 9600 workers. Let’s measure their productivity. In terms of profitability, gross margin is 48.68%, operating margin of 28.21%, and the pretax margin is 18.96%.
Fortis Inc. (FTS) Insider Activity
A key investor’s attitude towards the stock of the Utilities – Regulated Electric industry is another important factor to consider. The insider ownership of Fortis Inc. is 0.25%, while institutional ownership is 58.43%.
Fortis Inc. (FTS) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 0.62 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.61) by 0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.61 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 2.48% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 2.60% during the next five years compared to 2.79% growth over the previous five years of trading.
Fortis Inc. (NYSE: FTS) Trading Performance Indicators
Check out the current performance indicators for Fortis Inc. (FTS). In the past quarter, the stock posted a quick ratio of 0.58. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.59.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.36, a number that is poised to hit 0.60 in the next quarter and is forecasted to reach 2.43 in one year’s time.
Technical Analysis of Fortis Inc. (FTS)
Analysing the last 5-days average volume posted by the [Fortis Inc., FTS], we can find that recorded value of 0.88 million was better than the volume posted last year of 0.74 million. As of the previous 9 days, the stock’s Stochastic %D was 93.91%. Additionally, its Average True Range was 0.56.
During the past 100 days, Fortis Inc.’s (FTS) raw stochastic average was set at 97.61%, which indicates a significant increase from 94.43% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.01% in the past 14 days, which was lower than the 15.13% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $40.55, while its 200-day Moving Average is $40.14. Now, the first resistance to watch is $44.22. This is followed by the second major resistance level at $44.42. The third major resistance level sits at $44.65. If the price goes on to break the first support level at $43.80, it is likely to go to the next support level at $43.57. Should the price break the second support level, the third support level stands at $43.37.
Fortis Inc. (NYSE: FTS) Key Stats
There are currently 495,191K shares outstanding in the company with a market cap of 21.80 billion. Presently, the company’s annual sales total 8,532 M according to its annual income of 1,165 M. Last quarter, the company’s sales amounted to 1,951 M and its income totaled 255,010 K.
