Research Analysts Offer Predictions for Fortis Q1 Earnings

Fortis Inc. (TSE:FTS) – Stock analysts at Raymond James lowered their Q1 2025 earnings per share estimates for shares of Fortis in a report issued on Tuesday, November 5th. Raymond James analyst D. Quezada now expects that the company will earn $0.93 per share for the quarter, down from their previous forecast of $0.94. Raymond James currently 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.

Other equities research analysts have also issued research reports about the company. BMO Capital Markets upped their target price on Fortis from C$59.00 to C$61.00 in a research report on Thursday, September 5th. Scotiabank upped their price objective on shares of Fortis from C$56.00 to C$63.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. JPMorgan Chase & Co. increased their price objective on shares of Fortis from C$52.00 to C$53.00 in a research note on Thursday, July 25th. National Bankshares boosted their target price on shares of Fortis from C$56.00 to C$62.00 and gave the company a “sector perform” rating in a research report on Friday, August 23rd. Finally, UBS Group raised shares of Fortis to a “strong sell” rating in a report on Tuesday, September 10th. Three analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of C$60.33.

Fortis Stock Up 0.1 %

Fortis stock opened at C$60.79 on Friday. Fortis has a fifty-two week low of C$51.02 and a fifty-two week high of C$62.47. The company has a market cap of C$30.10 billion, a PE ratio of 19.06, a PEG ratio of 3.01 and a beta of 0.23. The company has a debt-to-equity ratio of 128.59, a quick ratio of 0.36 and a current ratio of 0.69. The business’s 50-day simple moving average is C$60.62 and its two-hundred day simple moving average is C$57.08.

Insider Buying and Selling at Fortis

In related news, Senior Officer James Reid sold 19,972 shares of the business’s stock in a transaction that occurred 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. Insiders own 0.04% of the company’s stock.

Fortis Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Sunday, December 1st will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 5.46%. This is a boost from Fortis’s previous quarterly dividend of $0.59. The ex-dividend date is Monday, November 18th. Fortis’s payout ratio 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.