Fortis Inc. (NYSE:FTS) is set to announce third quarter earning results on Friday 30th October 2020, before market open.
Previous Quarter Performance
Fortis Inc. unveiled income for the second quarter of $ 0.40 per share, from the revenue of $ 1,498.14 million. The consensus estimates are income of $ 0.58 per share. The bottom line results missed street analysts by $ 0.18 or 31.03 percent.
Stock Performance
Shares of Fortis Inc. traded up $ 0.42 or 1.05 percent on Thursday, reaching $ 40.49 with volume of 246.30 thousand shares. Fortis Inc. has traded high as $ 40.62 and has cracked $ 39.72 on the downward trend
According to the previous trading day, closing price of $ 40.49, representing a 40.15 % increase from the 52 week low of $ 28.59 and a 10.4 % decrease over the 52 week high of $ 44.72.
The company has a market capital of $ 18.97 billion and is part of the Utilities sector and Utilities – Regulated Electric industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.4775 per share on July 29, 2020. The dividend were payable on September 1, 2020 to holders of record as of the close of business on August 19, 2020 and ex-dividend date on August 18, 2020.
Conference Call
Fortis Inc. will be hosting a conference call at 8:30 AM eastern time on 30th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.fortisinc.com
Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean. It generates, transmits, and distributes electricity to approximately 425,000 retail customers in southeastern Arizona; and 97,000 retail customers in Arizonas Mohave and Santa Cruz counties with an aggregate capacity of 3,377 MW (MW), including 57 MW of solar capacity.
