It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Fortis Inc. (FTS) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.2229, or 0.56%, to $40.0529. The Fortis Inc. has recorded 3,001 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Fortis Inc. Files 2022 Year-End Disclosure Documents.
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Fortis Inc. is listed on the NYSE in the Utilities sector while operating in the Utilities – Regulated Electric industry. At the end of the last regular session, the stock closed at $39.83 and fluctuated between $40.24 as its day high and $38.53 as its day low. The current market capitalization of Fortis Inc. is $26.73B. A total of 0.83 million shares were traded on the day, compared to an average of 557.02K shares.
The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Fortis Inc. pays an annual dividend of $2.26, resulting in a dividend yield of 5.67%, and it has a price to earnings (P/E) ratio of 14.34. FTS’s most recent ex-dividend date was 5/16/2023 when it declared a $0.4211 quarterly dividend that was paid in cash on 6/1/2023. Previously, the company paid the dividend on 3/1/2023 with an ex-dividend date of 2/14/2023. The FTS stock dividend was $0.4150 per share in cash.
Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for FTS in the last 3 months, the mean price target is $43.23 with high estimates of $48.67 and low estimates of $37.43. In terms of 52-week highs and lows, FTS has a high of $51.66 and a low of $34.76.
As of this writing, FTS has an earnings estimate of $0.52 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $0.54 per share and a lower estimate of $0.5. The company reported an EPS of $0.42 in the last quarter, which was -4.50% lower than expectations of $0.44.
Balance Sheet Annually/Quarterly
As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 15 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for FTS is Underweight with a score of 3.00. A total of 2 analysts rated the stock as Buy while 1 rated it as Overweight while 9 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 2 thought it should be Sold.