FY2025 Earnings Estimate for Fortis Issued By Raymond James

Fortis Inc. (NYSE:FTS - Free Report) - Stock analysts at Raymond James increased their FY2025 earnings per share (EPS) estimates for Fortis in a note issued to investors on Thursday, May 8th. Raymond James analyst T. Genzebu now forecasts that the utilities provider will post earnings of $2.45 per share for the year, up from their prior forecast of $2.43. The consensus estimate for Fortis' current full-year earnings is $2.35 per share. Raymond James also issued estimates for Fortis' Q1 2026 earnings at $0.72 EPS, Q2 2026 earnings at $0.49 EPS, Q3 2026 earnings at $0.63 EPS, Q4 2026 earnings at $0.71 EPS and FY2026 earnings at $2.54 EPS.

Fortis (NYSE:FTS - Get Free Report) last issued its earnings results on Wednesday, May 7th. The utilities provider reported $0.70 EPS for the quarter, beating the consensus estimate of $0.69 by $0.01. The company had revenue of $2.31 billion during the quarter, compared to analysts' expectations of $3.42 billion. Fortis had a net margin of 14.12% and a return on equity of 7.09%. During the same period in the previous year, the company earned $0.93 EPS.

FTS has been the topic of several other research reports. Royal Bank of Canada lifted their price target on Fortis from $69.00 to $72.00 and gave the company a "sector perform" rating in a research note on Thursday. Desjardins began coverage on Fortis in a research note on Tuesday, May 6th. They issued a "hold" rating on the stock. Finally, Jefferies Financial Group assumed coverage on Fortis in a research report on Thursday, February 13th. They issued a "hold" rating on the stock. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $72.00.

Fortis Stock Performance

Shares of NYSE:FTS opened at $48.02 on Monday. Fortis has a 1 year low of $38.15 and a 1 year high of $50.06. The stock has a market capitalization of $24.09 billion, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 3.94 and a beta of 0.50. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.63 and a quick ratio of 0.63. The company's 50 day simple moving average is $46.45 and its 200 day simple moving average is $44.31.

Fortis Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Friday, May 16th will be given a $0.4324 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.73 annualized dividend and a yield of 3.60%. Fortis's dividend payout ratio is presently 71.73%.

Institutional Trading of Fortis

Several hedge funds and other institutional investors have recently made changes to their positions in FTS. Blue Trust Inc. boosted its position in Fortis by 724.3% during the 4th quarter. Blue Trust Inc. now owns 577 shares of the utilities provider's stock worth $26,000 after buying an additional 507 shares during the period. Cullen Frost Bankers Inc. bought a new position in shares of Fortis during the first quarter valued at $28,000. Golden State Wealth Management LLC acquired a new position in shares of Fortis during the fourth quarter worth $38,000. Farther Finance Advisors LLC grew its stake in shares of Fortis by 286.7% in the first quarter. Farther Finance Advisors LLC now owns 1,106 shares of the utilities provider's stock worth $51,000 after purchasing an additional 820 shares during the last quarter. Finally, Hexagon Capital Partners LLC grew its stake in shares of Fortis by 111.7% in the first quarter. Hexagon Capital Partners LLC now owns 1,226 shares of the utilities provider's stock worth $56,000 after purchasing an additional 647 shares during the last quarter. 57.77% of the stock is currently owned by institutional investors.

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.

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