Breaking News
Get 55% Off 0
Get Premium Data for Cyber Monday: Up to 55% Off InvestingPro
CLAIM SALE
Close

Fortis Inc (FTS)

Create Alert
New!
Create Alert
Website
  • As an alert notification
  • To use this feature, make sure you are signed-in to your account
Mobile App
  • To use this feature, make sure you are signed-in to your account
  • Make sure you are signed-in with the same user profile

Condition

Frequency

Once
%

Frequency

Frequency

Follow Fortis Inc's earnings

Delivery Method

Status

Add to/Remove from a Portfolio Add to Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
44.48 -0.41    -0.91%
06/12 - Closed. Currency in USD
After Hours
44.50
+0.02
+0.04%
16:30:58 - Real-time Data
  • Volume: 618,202
  • Bid/Ask: 0.00 / 0.00
  • Day's Range: 44.31 - 44.85
Type:  Equity
Market:  United States
Fortis Inc 44.48 -0.41 -0.91%

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 third quarter and nine months ended September 30, 2024. For the third quarter, the company reported sales was CAD 2,771 million compared to CAD 2,719 million a year ago. Net income was CAD 420 million compared to CAD 394 million a year ago. Basic earnings per share from continuing operations was CAD 0.85 compared to CAD 0.81 a year ago. Diluted earnings per share from continuing operations was CAD 0.85 compared to CAD 0.81 a year ago. For the nine months, sales was CAD 8,559 million compared to CAD 8,632 million a year ago. Net income was CAD 1,210 million compared to CAD 1,125 million a year ago. Basic earnings per share from continuing operations was CAD 2.45 compared to CAD 2.32 a year ago. Diluted earnings per share from continuing operations was CAD 2.45 compared to CAD 2.32 a year ago.

AnnualQuarterly  
Advanced Financial Summary
TTM = Trailing Twelve Months
MRQ = Most Recent Quarter

FTS Income Statement

Gross margin TTM 44.46%
Operating margin TTM 28.64%
Net Profit margin TTM 14.53%
Return on Investment TTM 5.05%
 Total Revenue  Net Income
Period Ending: Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023
Total Revenue 2771 3118 2885
Operating Income 833 756 894 794
Net Income 439 477 398

FTS Balance Sheet

Quick Ratio MRQ 0.45
Current Ratio MRQ 0.74
LT Debt to Equity MRQ 142.31%
Total Debt to Equity MRQ 153.37%
 Total Assets  Total Liabilities
Period Ending: Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023
Total Assets 69642 68772 67584 65920
Total Liabilities 45249 44115 43569 42588
Total Equity 24393 24657 24015 23332

FTS Cash Flow Statement

Cash Flow/Share TTM 7.4
Revenue/Share TTM 23.11
Operating Cash Flow  23.36%
 Cash  Net Change in Cash
Period Ending: Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023
Period Length: 0 Months 0 Months 0 Months 0 Months
Cash From Operating Activities 1338 768 746
Cash From Investing Activities -1313 -1139 -748
Cash From Financing Activities 316 304 -134
Net Change in Cash 335 -56 -140
* In Millions of CAD (except for per share items)
InvestingPro
Go to Dashboard InvestingPro

Unlock access to over 1000 metrics with InvestingPro

View advanced insights on financial statements, including growth rates and metrics that provide an in-depth view of the company's historical and forecasted financial performance.

 
Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

FTS Comments

Write your thoughts about Fortis Inc
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
John Morash
John Morash Nov 14, 2022 10:15
Saved. See Saved Items.
This comment has already been saved in your Saved Items
like whats fts is invested in
Brofessor Money
Brofessor Money Sep 16, 2022 13:07
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Wow, what a bargain deal. As we enter the energy crisis FTS will soar.
Jonny Mc
Jonny Mc Jan 31, 2022 15:00
Saved. See Saved Items.
This comment has already been saved in your Saved Items
oh my
Daniel Moore
Daniel Moore Jan 04, 2022 0:25
Saved. See Saved Items.
This comment has already been saved in your Saved Items
money going up hold on guys!
Fred Hibbs
Fred Hibbs May 18, 2020 7:44
Saved. See Saved Items.
This comment has already been saved in your Saved Items
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.
Arun Prasad
Arun Prasad May 06, 2020 12:46
Saved. See Saved Items.
This comment has already been saved in your Saved Items
negative cash flow.. not a good sign
greg mason
greg mason Aug 25, 2019 20:16
Saved. See Saved Items.
This comment has already been saved in your Saved Items
if ever gets to 30ish level deffinately a buy
James Parker
James Parker Dec 06, 2018 13:32
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Looks like a good time to sell
Professor Money
Professor Money Oct 31, 2018 14:09
Saved. See Saved Items.
This comment has already been saved in your Saved Items
BUY
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Apple
Continue with Google
or
Sign up with Email