Fortis FY2025 EPS Lowered by National Bank Financial

Fortis Inc. (TSE:FTS) – Stock analysts at National Bank Financial reduced their FY2025 earnings estimates for Fortis in a research report issued on Monday, February 17th. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings per share of $3.33 for the year, down from their previous forecast of $3.37. The consensus estimate for Fortis’ current full-year earnings is $3.34 per share.

A number of other research firms have also recently commented on FTS. Royal Bank of Canada boosted their price target on Fortis from C$65.00 to C$69.00 in a report on Tuesday. CIBC raised their price target on Fortis from C$64.00 to C$65.00 in a research report on Tuesday. Raymond James upped their target price on Fortis from C$61.00 to C$62.50 in a research note on Tuesday. Jefferies Financial Group set a C$67.00 price target on shares of Fortis and gave the stock a “hold” rating in a research note on Thursday, February 13th. Finally, Scotiabank upped their price target on shares of Fortis from C$63.00 to C$66.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. Two equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$62.45.

Fortis Stock Performance

Shares of FTS stock opened at C$61.89 on Wednesday. The firm has a market capitalization of C$30.62 billion, a PE ratio of 18.37, a P/E/G ratio of 3.01 and a beta of 0.23. The company has a quick ratio of 0.36, a current ratio of 0.74 and a debt-to-equity ratio of 142.31. The company has a 50 day moving average price of C$60.75 and a 200-day moving average price of C$60.62. Fortis has a 52 week low of C$51.02 and a 52 week high of C$64.39.

Insider Transactions at Fortis

In related news, Senior Officer Jocelyn Perry sold 11,809 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of C$63.19, for a total value of C$746,178.83. Insiders own 0.04% of the company’s stock.

Fortis Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Friday, May 16th will be given a $0.615 dividend. This represents a $2.46 annualized dividend and a yield of 3.97%. Fortis’s dividend payout ratio (DPR) is 73.02%.

Fortis Company Profile

Fortis owns and operates 10 utility transmission and distribution assets in Canada and the United States, serving more than 3.4 million electricity and gas customers. The company has smaller stakes in electricity generation and several Caribbean utilities. ITC operates electric transmission in seven U.S.