The latest update is out from Fortis ( (TSE:FTS) ).
On April 8, 2025, Fortis Inc. announced it will release its first quarter 2025 financial results on May 7, 2025, followed by a teleconference and webcast hosted by CEO David Hutchens and CFO Jocelyn Perry. The company will also hold its Annual Meeting of Shareholders on May 8, 2025, both in-person and online, allowing participants to engage with management. These events are significant for stakeholders as they provide insights into the company’s financial performance and strategic direction.
Spark’s Take on TSE:FTS Stock
According to Spark, TipRanks’ AI Analyst, TSE:FTS is a Outperform.
Fortis’s stock score reflects its solid financial performance and strategic initiatives, supported by consistent dividend growth and robust capital investments. The company’s stable operating performance and effective management of leverage are key strengths, while challenges include high capital expenditures affecting free cash flow and potential regulatory hurdles. Valuation concerns persist with a relatively high P/E ratio, tempered by a strong dividend yield. Overall, Fortis maintains a positive outlook with a stable growth trajectory.
To see Spark’s full report on TSE:FTS stock, click here.
More about Fortis
Fortis Inc. is a leading North American regulated electric and gas utility company, with a diverse portfolio serving customers in five Canadian provinces, ten U.S. states, and three Caribbean countries. As of December 31, 2024, the company reported revenues of $12 billion and total assets of $73 billion. Fortis employs 9,800 individuals and its shares are traded on the TSX and NYSE under the symbol FTS.
YTD Price Performance: 9.59%
Average Trading Volume: 640,460
Technical Sentiment Signal: Strong Sell
Current Market Cap: $23.24B
See more data about FTS stock on TipRanks’ Stock Analysis page.