EPS for Fortis Inc. (FTS) Expected At $0.56

April 17, 2018 - By Dolores Ford

Analysts expect Fortis Inc. (NYSE:FTS) to report $0.56 EPS on May, 1.They anticipate $0.03 EPS change or 5.66 % from last quarter’s $0.53 EPS. FTS’s profit would be $228.02 million giving it 15.00 P/E if the $0.56 EPS is correct. After having $0.49 EPS previously, Fortis Inc.’s analysts see 14.29 % EPS growth. The stock increased 0.99% or $0.33 during the last trading session, reaching $33.61. About 143,379 shares traded. Fortis Inc. (NYSE:FTS) has risen 1.67% since April 17, 2017 and is uptrending. It has underperformed by 9.88% the S&P500.

Fortis Inc. operates as an electric and gas utility firm in Canada, the United States, and the Caribbean. The company has market cap of $13.69 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 18.58 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.

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