Research Analysts Set Expectations for Fortis Q1 Earnings

Fortis Inc. (TSE:FTS) – Equities researchers at Raymond James cut their Q1 2025 earnings per share estimates for shares of Fortis in a report released on Tuesday, November 5th. Raymond James analyst D. Quezada now forecasts that the company will earn $0.93 per share for the quarter, down from their prior estimate of $0.94. Raymond James has a “Market Perform” rating on the stock. The consensus estimate for Fortis’ current full-year earnings is $3.34 per share. Raymond James also issued estimates for Fortis’ Q4 2025 earnings at $0.90 EPS and FY2025 earnings at $3.32 EPS.

FTS has been the subject of a number of other reports. CIBC increased their price objective on shares of Fortis from C$57.00 to C$59.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. boosted their price target on shares of Fortis from C$52.00 to C$53.00 in a research note on Thursday, July 25th. Scotiabank raised their price objective on Fortis from C$56.00 to C$63.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. UBS Group upgraded Fortis to a “strong sell” rating in a research report on Tuesday, September 10th. Finally, Bank of America set a C$60.00 price target on Fortis and gave the company an “underperform” rating in a report on Friday, September 20th. Three analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of C$60.33.

Fortis Stock Performance

TSE FTS opened at C$61.47 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.69 and a debt-to-equity ratio of 128.59. Fortis has a twelve month low of C$51.02 and a twelve month high of C$62.47. The business has a 50-day moving average price of C$60.69 and a 200-day moving average price of C$57.14. The firm has a market cap of C$30.44 billion, a price-to-earnings ratio of 19.27, a price-to-earnings-growth ratio of 3.01 and a beta of 0.23.

Insider Transactions at Fortis

In related news, Senior Officer James Reid sold 19,972 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of C$59.46, for a total transaction of C$1,187,493.18. Company insiders own 0.04% of the company’s stock.

Fortis Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Sunday, December 1st will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 5.40%. This is a positive change from Fortis’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Monday, November 18th. Fortis’s dividend payout ratio (DPR) is presently 77.12%.

Fortis Company Profile

Fortis Inc operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. It generates, transmits, and distributes electricity to approximately 447,000 retail customers in southeastern Arizona; and 103,000 retail customers in Arizona’s Mohave and Santa Cruz counties with an aggregate capacity of 3,408 megawatts (MW), including 68 MW of solar capacity and 250 MV of wind capacity.