Taking A Look At Fortis Inc.'s (TSE:FTS) ROE [Yahoo! Finance]
Fortis Inc. Common Shares (FTS)
Last fortis inc. common shares earnings: 2/13 06:00 am
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US:NYSE Investor Relations:
fortisinc.com/investor-relations/investor-relations
Company Research
Source: Yahoo! Finance
This article is for those who would like to learn about Return On Equity (ROE). We'll use ROE to examine Fortis Inc. ( TSE:FTS ), by way of a worked example. Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In short, ROE shows the profit each dollar generates with respect to its shareholder investments. View our latest analysis for Fortis How Do You Calculate Return On Equity? ROE can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Fortis is: 7.3% = CA$1.7b ÷ CA$23b (Based on the trailing twelve months to December 2023). The 'return' is the amount earned after tax over the last twelve months. Another way to think of that is that for every CA$1 worth of equity, the company was able to earn CA$0.07 in profit. Does Fortis Have A Good ROE? One simple way to determine if a company has a good r
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FTS
News
- Fortis reports $459-million first-quarter profit, up from $437-million a year ago [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Fortis Inc. Releases First Quarter 2024 Results [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Fortis Inc. Releases First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Fortis Inc. Releases First Quarter 2024 ResultsGlobeNewswire
- Gary Smith, Executive Vice-President Operations at Fortis Inc., is a recipient of Electricity Canada's Faces of the Industry award [Yahoo! Finance]Yahoo! Finance
FTS
Earnings
- 5/1/24 - Beat
FTS
Sec Filings
- 5/1/24 - Form 6-K
- 5/1/24 - Form 6-K
- 4/3/24 - Form 6-K
- FTS's page on the SEC website