Fortis Inc. (TSE:FTS - Free Report) - Equities research analysts at Raymond James increased their Q1 2025 earnings per share (EPS) estimates for shares of Fortis in a research note issued to investors on Thursday, April 17th. Raymond James analyst T. Genzebu now anticipates that the company will post earnings of $0.97 per share for the quarter, up from their prior estimate of $0.94. Raymond James has a "Market Perform" rating and a $62.50 price objective on the stock. The consensus estimate for Fortis' current full-year earnings is $3.34 per share. Raymond James also issued estimates for Fortis' FY2025 earnings at $3.38 EPS, Q1 2026 earnings at $1.01 EPS, Q2 2026 earnings at $0.68 EPS, Q3 2026 earnings at $0.87 EPS, Q4 2026 earnings at $0.99 EPS and FY2026 earnings at $3.55 EPS.
Several other analysts also recently commented on the stock. Scotiabank increased their target price on shares of Fortis from C$63.00 to C$66.00 and gave the company a "sector perform" rating in a report on Thursday, February 13th. Jefferies Financial Group increased their price target on Fortis from C$67.00 to C$70.00 in a research report on Monday, April 14th. CIBC upped their price objective on Fortis from C$65.00 to C$68.00 in a research note on Friday, April 4th. 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. Finally, UBS Group raised their price objective on shares of 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 seven have assigned a hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of C$63.05.
Check Out Our Latest Analysis on FTS
Fortis Stock Down 1.2 %
Shares of TSE:FTS traded down C$0.78 during mid-day trading on Friday, hitting C$66.86. 428,708 shares of the company traded hands, compared to its average volume of 1,781,982. The stock has a market cap of C$33.08 billion, a P/E ratio of 19.85, a P/E/G ratio of 3.01 and a beta of 0.23. The stock has a 50-day moving average price of C$64.32 and a two-hundred day moving average price of C$62.19. Fortis has a 12-month low of C$52.19 and a 12-month high of C$67.68. The company has a current ratio of 0.74, a quick ratio of 0.36 and a debt-to-equity ratio of 142.31.
Fortis Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Friday, May 16th will be paid a dividend of $0.615 per share. This represents a $2.46 dividend on an annualized basis and a dividend yield of 3.68%. Fortis's payout ratio is 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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