Research Analysts Set Expectations for Fortis Q1 Earnings

Fortis Inc. (TSE:FTS) – Equities research analysts 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 anticipates that the company will post earnings per share of $0.93 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.

Several other equities research analysts have also issued reports on FTS. National Bankshares raised their price objective on Fortis from C$56.00 to C$62.00 and gave the company a “sector perform” rating in a research note on Friday, August 23rd. BMO Capital Markets boosted their price objective on shares of Fortis from C$59.00 to C$61.00 in a research report on Thursday, September 5th. UBS Group upgraded shares of Fortis to a “strong sell” rating in a report on Tuesday, September 10th. Scotiabank upped their price target 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. Finally, CIBC raised their price objective on shares of Fortis from C$57.00 to C$59.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$60.33.

Fortis Price Performance

Shares of Fortis stock opened at C$60.79 on Friday. The stock has a 50 day moving average of C$60.62 and a 200 day moving average of C$57.08. Fortis has a 12 month low of C$51.02 and a 12 month high of C$62.47. The company has a current ratio of 0.69, a quick ratio of 0.36 and a debt-to-equity ratio of 128.59. The firm 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.

Insiders Place Their Bets

In other Fortis news, Senior Officer James Reid sold 19,972 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of C$59.46, for a total transaction of C$1,187,493.18. 0.04% of the stock is currently owned by company insiders.

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 paid a $0.83 dividend. The ex-dividend date is Monday, November 18th. 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. Fortis’s dividend payout ratio is 77.12%.

About Fortis

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.