A new trading day began on Tuesday, with Fortis Inc. (NYSE: FTS) stock price down -0.09% from the previous day of trading, before settling in for the closing price of $43.87. FTS’s price has ranged from $36.30 to $44.22 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. Meanwhile, its annual earnings per share averaged 2.52%. With a float of $494.53 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) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Utilities – Regulated Electric Industry. The insider ownership of Fortis Inc. is 0.14%, while institutional ownership is 58.31%.
Fortis Inc. (FTS) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around 2.52% 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
Here are Fortis Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.58. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.58.
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 0.53 million was lower than the volume posted last year of 0.73 million. As of the previous 9 days, the stock’s Stochastic %D was 75.11%. Additionally, its Average True Range was 0.51.
During the past 100 days, Fortis Inc.’s (FTS) raw stochastic average was set at 94.77%, which indicates a significant increase from 76.88% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 10.21% 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 $41.05, while its 200-day Moving Average is $40.22. Now, the first resistance to watch is $43.93. This is followed by the second major resistance level at $44.02. The third major resistance level sits at $44.16. If the price goes on to break the first support level at $43.69, it is likely to go to the next support level at $43.55. Now, if the price goes above the second support level, the third support stands at $43.46.
Fortis Inc. (NYSE: FTS) Key Stats
With a market capitalization of 21.70 billion, the company has a total of 495,191K Shares Outstanding. Currently, annual sales are 8,532 M while annual income is 1,165 M. The company’s previous quarter sales were 1,951 M while its latest quarter income was 255,010 K.
