Fortis Inc. (TSE:FTS - Free Report) - Research analysts at Desjardins issued their Q1 2025 earnings per share (EPS) estimates for shares of Fortis in a research report issued on Monday, May 5th. Desjardins analyst B. Stadler forecasts that the company will post earnings of $0.96 per share for the quarter. The consensus estimate for Fortis' current full-year earnings is $3.34 per share. Desjardins also issued estimates for Fortis' Q2 2025 earnings at $0.70 EPS, Q3 2025 earnings at $0.86 EPS and Q4 2025 earnings at $0.87 EPS.
Other research analysts have also issued reports about the company. Scotiabank boosted their target price on Fortis from C$66.00 to C$70.00 and gave the stock a "sector perform" rating in a report on Thursday. CIBC upped their price objective on Fortis from C$68.00 to C$69.00 and gave the company a "neutral" rating in a report on Thursday, April 24th. Royal Bank of Canada increased their price target on Fortis from C$69.00 to C$72.00 and gave the company a "sector perform" rating in a research note on Thursday. Jefferies Financial Group raised their target price on Fortis from C$67.00 to C$70.00 in a research note on Monday, April 14th. Finally, UBS Group increased their price target on Fortis from C$58.00 to C$63.00 in a report on Friday, March 21st. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of C$64.25.
Read Our Latest Analysis on Fortis
Fortis Stock Down 2.3%
Shares of Fortis stock traded down C$1.54 on Thursday, reaching C$65.37. 2,636,517 shares of the company were exchanged, compared to its average volume of 1,778,900. Fortis has a one year low of C$52.19 and a one year high of C$69.24. The company has a market capitalization of C$32.34 billion, a price-to-earnings ratio of 19.40, a PEG ratio of 3.01 and a beta of 0.23. The company has a current ratio of 0.74, a quick ratio of 0.36 and a debt-to-equity ratio of 142.31. The company has a 50-day moving average of C$65.48 and a 200 day moving average of C$62.80.
Fortis Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Sunday, June 1st will be given a $0.615 dividend. This represents a $2.46 annualized dividend and a dividend yield of 3.76%. The ex-dividend date is Friday, May 16th. Fortis's dividend payout ratio (DPR) is presently 73.02%.
About Fortis
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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.
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