Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Canada
  4. Toronto Stock Exchange
  5. Fortis Inc.
  6. News
  7. Summary
    FTS   CA3495531079

FORTIS INC.

(FTS)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Fortis 2Q Profit Falls on Exchange Rate, One-Time Costs Hit

07/29/2021 | 04:53am EDT

By Adriano Marchese

Fortis Inc. (Canada) on Thursday reported a fall in second-quarter profit, blaming primarily unfavourable currency-exchange rates and one-off items.

The Newfoundland-and-Labrador-based diversified electric utility holding company said earnings per share were 54 Canadian cents (43 U.S. cents), a decrease of C$0.05 from a year earlier.

Net income was C$253 million, compared with C$274 million, it said.

The company said it blames the decrease primarily to a lower U.S.-to-Canadian dollar exchange-rate variance, and other one-time items.

Adjusted earnings were C$0.55 a share. According to FactSet, analysts had been expecting C$0.59 a share.

Looking ahead, the company said it continues to see uncertainty due to the pandemic but doesn't currently expect it to have any material financial effects on the company.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

07-29-21 0653ET

All news about FORTIS INC.
09/02Energy Stocks Rally Fading Slightly Late Thursday
MT
09/02Energy Stocks Sharply Higher as WTI Crude Oil Again Tops $70 Per Barrel
MT
09/02FORTIS : Chief Technology Officer Retiring; Names Scotiabank Exec to Business De..
MT
09/02FORTIS : Says Chief Technology Officer to Retire
MT
09/02FORTIS : Chief Technology Officer Jim Laurito to Retire
MT
09/02FORTIS INC. : Announces Retirement of Executive Vice President, Business Develop..
AQ
09/02Fortis Inc. Announces Executive Changes
CI
08/23Oil rebound lifts Toronto stocks; Trillium soars on Pfizer deal
RE
08/20TSX set to snap four-week winning streak as oil tumbles
RE
08/20TSX set to snap four-week winning streak as oil tumbles
RE
More news
Analyst Recommendations on FORTIS INC.
More recommendations
Financials
Sales 2021 9 374 M 7 318 M 7 318 M
Net income 2021 1 285 M 1 003 M 1 003 M
Net Debt 2021 26 322 M 20 551 M 20 551 M
P/E ratio 2021 20,9x
Yield 2021 3,55%
Capitalization 27 093 M 21 164 M 21 152 M
EV / Sales 2021 5,70x
EV / Sales 2022 5,55x
Nbr of Employees 9 000
Free-Float 95,4%
Chart FORTIS INC.
Duration : Period :
Fortis Inc. Technical Analysis Chart | FTS | CA3495531079 | MarketScreener
Technical analysis trends FORTIS INC.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Last Close Price 57,71 CAD
Average target price 58,84 CAD
Spread / Average Target 1,96%
EPS Revisions
Managers and Directors
David G. Hutchens President, Chief Executive Officer & Director
Jocelyn H. Perry Chief Financial Officer & Executive Vice President
Douglas J. Haughey Non-Executive Chairman
James P. Laurito CTO & EVP-Business Development
Ronald J. Hinsley Chief Information Officer & Vice President
Sector and Competitors
1st jan.Capi. (M$)
FORTIS INC.10.56%21 251
NEXTERA ENERGY5.82%160 158
ENEL S.P.A.-15.91%83 010
DUKE ENERGY CORPORATION8.86%76 680
SOUTHERN COMPANY4.41%67 913
IBERDROLA, S.A.-20.05%67 806