On Friday, Fortis Inc (NYSE: FTS) was -0.25% drop from the session before settling in for the closing price of $44.28. A 52-week range for FTS has been $36.86 – $46.06.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Utilities sector was 5.84%. When this article was written, the company’s average yearly earnings per share was at 1.69%. With a float of $496.66 million, this company’s outstanding shares have now reached $497.30 million.
Considering the fact that the conglomerate employs 9600 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 49.23%, operating margin of 28.02%, and the pretax margin is 19.08%.
Fortis Inc (FTS) Insider Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Fortis Inc stocks. The insider ownership of Fortis Inc is 0.13%, while institutional ownership is 58.45%.
Fortis Inc (FTS) Earnings and Forecasts
Going through the last 3-months fiscal report unveiled on the 9/30/2024, it has been observed that the corporation posted 0.53 earnings per share (EPS) during the time that was better than consensus figure (set at 0.52) by 0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.71 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 1.69% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.75% during the next five years compared to 2.79% growth over the previous five years of trading.
Fortis Inc (NYSE: FTS) Trading Performance Indicators
You can see what Fortis Inc (FTS) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.63. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.67.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.37, a number that is poised to hit 0.58 in the next quarter and is forecasted to reach 2.43 in one year’s time.
Technical Analysis of Fortis Inc (FTS)
Compared to the last year’s volume of 0.72 million, its volume of 1.68 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 77.91%. Additionally, its Average True Range was 0.61.
During the past 100 days, Fortis Inc’s (FTS) raw stochastic average was set at 75.00%, which indicates a significant decrease from 79.16% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 18.32% in the past 14 days, which was higher than the 14.09% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $44.41, while its 200-day Moving Average is $41.27. Nevertheless, the first resistance level for the watch stands at $44.34 in the near term. At $44.51, the stock is likely to face the second major resistance level. The third major resistance level sits at $44.71. If the price goes on to break the first support level at $43.97, it is likely to go to the next support level at $43.77. Should the price break the second support level, the third support level stands at $43.60.
Fortis Inc (NYSE: FTS) Key Stats
There are 497,294K outstanding shares of the company, which has a market capitalization of 30.86 billion. As of now, sales total 8,532 M while income totals 1,165 M. Its latest quarter income was 2,031 M while its last quarter net income were 307,890 K.
