Fortis Inc (TSE:FTS) – Stock analysts at Desjardins issued their FY2017 earnings per share estimates for Fortis in a report issued on Wednesday. Desjardins analyst M. Jarvi expects that the brokerage will post earnings of $2.43 per share for the year. Desjardins has a “Buy” rating and a $46.00 price objective on the stock. Desjardins also issued estimates for Fortis’ FY2018 earnings at $2.53 EPS, FY2019 earnings at $2.64 EPS and FY2020 earnings at $2.75 EPS.

ILLEGAL ACTIVITY WARNING: This news story was first reported by Financial Market News and is owned by of Financial Market News. If you are viewing this news story on another domain, it was illegally copied and reposted in violation of international trademark and copyright legislation. The original version of this news story can be read at http://www.financial-market-news.com/fortis-inc-expected-to-post-fy2017-earnings-of-2-43-per-share-fts/1208347/.

Earnings History and Estimates for Fortis (TSE:FTS)

Several other analysts have also issued reports on FTS. CIBC upped their target price on Fortis from C$44.00 to C$47.00 in a report on Wednesday, September 28th. TD Securities upped their target price on Fortis from C$48.00 to C$49.00 and gave the stock a “buy” rating in a report on Tuesday, August 2nd. Royal Bank Of Canada upped their target price on Fortis from C$49.00 to C$50.00 and gave the stock a “buy” rating in a report on Monday, November 7th. Scotiabank reiterated an “outperform” rating and set a C$48.00 target price on shares of Fortis in a report on Monday, November 7th. Finally, Raymond James Financial Inc. reiterated an “outperform” rating and set a C$50.00 target price on shares of Fortis in a report on Thursday, September 22nd. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of C$46.80.

Shares of Fortis (TSE:FTS) opened at 41.26 on Monday. Fortis has a one year low of $35.51 and a one year high of $44.87. The stock’s 50 day moving average price is $41.96 and its 200 day moving average price is $42.13. The firm has a market cap of $16.50 billion and a price-to-earnings ratio of 22.02.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Friday, November 18th will be paid a $0.40 dividend. This is a positive change from Fortis’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $1.60 annualized dividend and a yield of 3.94%.

ILLEGAL ACTIVITY WARNING: This news story was first reported by Financial Market News and is owned by of Financial Market News. If you are viewing this news story on another domain, it was illegally copied and reposted in violation of international trademark and copyright legislation. The original version of this news story can be read at http://www.financial-market-news.com/fortis-inc-expected-to-post-fy2017-earnings-of-2-43-per-share-fts/1208347/.

Fortis Company Profile

Fortis Inc (Fortis) is a Canada-based electric and gas utility company. The Company’s segments include Regulated Utilities and Non-Regulated Utilities. The Regulated Utilities segment includes Regulated Electric & Gas Utilities-United States, which consists of UNS Energy Corporation (UNS Energy) and Central Hudson Gas & Electric Corporation (Central Hudson); Regulated Gas Utility-Canadian, which consists of FortisBC Energy Inc (FortisBC Energy); Regulated Electric Utilities-Canadian, which consists of FortisAlberta Inc (FortisAlberta), FortisBC Electric and Eastern Canadian, and Regulated Electric Utilities-Caribbean, which includes its ownership interest in Caribbean Utilities Company, Ltd.

Receive News & Ratings for Fortis Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortis Inc and related companies with MarketBeat.com's FREE daily email newsletter.