Brokers Set Expectations for Fortis' Q1 Earnings (TSE:FTS)

Fortis Inc. (TSE:FTS - Free Report) - Investment analysts at National Bank Financial issued their Q1 2025 earnings per share estimates for Fortis in a report released on Tuesday, April 22nd. National Bank Financial analyst P. Kenny expects that the company will post earnings of $0.97 per share for the quarter. The consensus estimate for Fortis' current full-year earnings is $3.34 per share.

FTS has been the topic of several other reports. Scotiabank lifted their price objective 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. Royal Bank of Canada boosted their price target on shares of Fortis from C$65.00 to C$69.00 in a report on Tuesday, February 18th. CIBC boosted their price target on shares of Fortis from C$68.00 to C$69.00 and gave the company a "neutral" rating in a report on Thursday, April 24th. Raymond James lowered their price target on shares of Fortis from C$69.00 to C$62.50 and set a "market perform" rating on the stock in a report on Thursday, April 17th. Finally, UBS Group boosted their price target on shares of Fortis from C$58.00 to C$63.00 in a report on Friday, March 21st. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of C$63.14.

Fortis Price Performance

Shares of TSE FTS traded up C$0.23 during trading on Thursday, hitting C$67.41. The company had a trading volume of 164,518 shares, compared to its average volume of 1,777,606. The company has a market cap of C$33.35 billion, a P/E ratio of 20.01, a PEG ratio of 3.01 and a beta of 0.23. Fortis has a 52 week low of C$52.19 and a 52 week high of C$67.68. The business's 50-day moving average is C$64.66 and its 200 day moving average is C$62.35. The company has a debt-to-equity ratio of 142.31, a quick ratio of 0.36 and a current ratio of 0.74.

Fortis Dividend Announcement

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 dividend of $0.615 per share. This represents a $2.46 dividend on an annualized basis and a yield of 3.65%. Fortis's dividend payout ratio is 73.02%.

About Fortis

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.