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Fortis Inc (FTS)

	Symbol	Exchange	Currency
	FTS	Toronto	CAD	Real-time
	FTS_pj	Toronto	CAD	Real-time
	FTS_ph	Toronto	CAD	Real-time
	FTS_pg	Toronto	CAD	Real-time
	FTS_pf	Toronto	CAD	Real-time
	FTS_pi	Toronto	CAD	Real-time
	FTS_pk	Toronto	CAD	Real-time
	FTS_pm	Toronto	CAD	Real-time
	FTS	NYSE	USD	Real-time
	FTS	CBOE Canada	CAD	Real-time
	FTSI	TradeGate	EUR	Delayed

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60.86 -0.93 -1.51%

- Closed. Currency in CAD ( Disclaimer )

Volume: 1,145,106
Bid/Ask: 60.50 / 61.06
Day's Range: 60.67 - 61.99

Type: Equity

Market: Canada

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FTS Financial Summary

A brief financial summary of Fortis Inc as well as the most significant critical numbers from each of its financial reports. In addition, some financial ratios derived from these reports are featured. Users can opt to see 4 periods of either annual or quarterly information.

Fortis Inc. reported earnings results for the second quarter and six months ended June 30, 2024. For the second quarter, the company reported sales was CAD 2,670 million compared to CAD 2,594 million a year ago. Net income was CAD 349 million compared to CAD 311 million a year ago. Basic earnings per share from continuing operations was CAD 0.67 compared to CAD 0.61 a year ago. Diluted earnings per share from continuing operations was CAD 0.67 compared to CAD 0.61 a year ago.For the six months, sales was CAD 5,788 million compared to CAD 5,913 million a year ago. Net income was CAD 826 million compared to CAD 764 million a year ago. Basic earnings per share from continuing operations was CAD 1.6 compared to CAD 1.51 a year ago. Diluted earnings per share from continuing operations was CAD 1.6 compared to CAD 1.51 a year ago.

Annual Quarterly

Advanced Financial Summary

TTM = Trailing Twelve Months

MRQ = Most Recent Quarter

FTS Income Statement

Gross margin TTM 44.4%

Operating margin TTM 28.79%

Net Profit margin TTM 14.35%

Return on Investment TTM 5.11%

Total Revenue Net Income

Period Ending:	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023
Total Revenue	2670	3118	2885	2719
Operating Income	756	894	794	836
Net Income	349	477	398	411

FTS Balance Sheet

Quick Ratio MRQ 0.41

Current Ratio MRQ 0.69

LT Debt to Equity MRQ 135.71%

Total Debt to Equity MRQ 150.09%

Total Assets Total Liabilities

Period Ending:	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023
Total Assets	68772	67584	65920	66285
Total Liabilities	44115	43569	42588	42739
Total Equity	24657	24015	23332	23546

FTS Cash Flow Statement

Cash Flow/Share TTM 6.63

Revenue/Share TTM 23.11

Operating Cash Flow 14.33%

Cash Net Change in Cash

Period Ending:	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023
Period Length:	0 Months	0 Months	0 Months	0 Months
Cash From Operating Activities	814	768	746	940
Cash From Investing Activities	-1147	-1139	-748	-1040
Cash From Financing Activities	319	304	-134	150
Net Change in Cash	-8	-56	-140	75

* In Millions of CAD (except for per share items)

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FTS Comments

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John Morash Nov 14, 2022 10:15

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like whats fts is invested in

2 1

Brofessor Money Sep 16, 2022 13:07

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Wow, what a bargain deal. As we enter the energy crisis FTS will soar.

2 1

Jonny Mc Jan 31, 2022 15:00

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oh my

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Daniel Moore Jan 04, 2022 0:25

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money going up hold on guys!

1 0

Fred Hibbs May 18, 2020 7:44

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Have significantly increased my position during current weakness. FTS has recently issued a strong quarterly report, confirmed their financial guidance for the year, maintained their capital spend (to fund future growth) and maintained their dividend. Not many companies out there can say the same these days. Seems like a good place to park a bunch of money. Limited downside risk and you are paid almost 4% while you wait for the stock price to continue moving up, which I believe it will inevitably do in the long term. Solid buy.

32 3

Arun Prasad May 06, 2020 12:46

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negative cash flow.. not a good sign

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greg mason Aug 25, 2019 20:16

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if ever gets to 30ish level deffinately a buy

2 12

James Parker Dec 06, 2018 13:32

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Looks like a good time to sell

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Professor Money Oct 31, 2018 14:09

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BUY

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