Fortis (FTS) to Release Quarterly Earnings on Friday

Fortis (NYSE:FTS - Get Free Report) is projected to announce its Q2 2025 earnings results before the market opens on Friday, August 1st. Analysts expect the company to announce earnings of $0.50 per share and revenue of $1.91 billion for the quarter.

Fortis (NYSE:FTS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The utilities provider reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.01. Fortis had a return on equity of 7.08% and a net margin of 14.20%. The business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $3.42 billion. During the same period in the prior year, the company earned $0.93 EPS. On average, analysts expect Fortis to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Fortis Price Performance

Shares of FTS stock traded down $0.70 on Monday, hitting $48.37. 788,511 shares of the company's stock were exchanged, compared to its average volume of 520,658. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.76 and a quick ratio of 0.63. Fortis has a 12 month low of $40.32 and a 12 month high of $50.06. The stock has a market cap of $24.36 billion, a P/E ratio of 20.41, a price-to-earnings-growth ratio of 3.84 and a beta of 0.48. The company has a 50 day moving average of $47.71 and a 200 day moving average of $46.05.

Institutional Investors Weigh In On Fortis

A hedge fund recently bought a new stake in Fortis stock. AQR Capital Management LLC acquired a new stake in Fortis (NYSE:FTS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 6,864 shares of the utilities provider's stock, valued at approximately $311,000. Institutional investors own 57.77% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on FTS. TD Securities began coverage on Fortis in a research report on Friday, June 27th. They set a "buy" rating for the company. CIBC upgraded Fortis from a "neutral" rating to a "sector outperform" rating in a research report on Monday, July 21st. Royal Bank Of Canada increased their target price on Fortis from $69.00 to $72.00 and gave the company a "sector perform" rating in a research report on Thursday, May 8th. Desjardins initiated coverage on Fortis in a research report on Tuesday, May 6th. They issued a "hold" rating for the company. Finally, Cibc World Mkts upgraded Fortis from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 21st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $72.00.

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.