National Bank Financial Weighs in on Fortis Q2 Earnings

Fortis (NYSE:FTS - Free Report) - Analysts at National Bank Financial issued their Q2 2025 earnings per share (EPS) estimates for Fortis in a research note issued on Monday, July 21st. National Bank Financial analyst P. Kenny forecasts that the utilities provider will earn $0.53 per share for the quarter. The consensus estimate for Fortis' current full-year earnings is $2.35 per share.

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, beating 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 analyst estimates of $3.42 billion. During the same period in the prior year, the company earned $0.93 earnings per share.

Other equities analysts have also issued reports about the company. TD Securities assumed coverage on Fortis in a report on Friday, June 27th. They set a "buy" rating for the company. Desjardins assumed coverage on Fortis in a report on Tuesday, May 6th. They set a "hold" rating for the company. Royal Bank Of Canada increased their target price on Fortis from $69.00 to $72.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 8th. CIBC upgraded Fortis from a "neutral" rating to a "sector outperform" rating in a research report on Monday, July 21st. 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 assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Fortis presently has an average rating of "Hold" and a consensus price target of $72.00.

Fortis Stock Performance

NYSE FTS traded up $0.04 on Wednesday, hitting $49.10. 438,507 shares of the stock traded hands, compared to its average volume of 528,082. The business's fifty day moving average is $47.69 and its two-hundred day moving average is $45.94. Fortis has a 12 month low of $40.32 and a 12 month high of $50.06. The firm has a market capitalization of $24.72 billion, a price-to-earnings ratio of 20.72, a PEG ratio of 3.84 and a beta of 0.48. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.63 and a current ratio of 0.76.

Institutional Investors Weigh In On Fortis

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Sequoia Financial Advisors LLC purchased a new stake in shares of Fortis in the second quarter worth $632,000. Vanguard Personalized Indexing Management LLC raised its position in shares of Fortis by 47.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,250 shares of the utilities provider's stock worth $489,000 after buying an additional 3,293 shares in the last quarter. Louisbourg Investments Inc. raised its position in Fortis by 47.2% during the second quarter. Louisbourg Investments Inc. now owns 72,562 shares of the utilities provider's stock valued at $3,458,000 after purchasing an additional 23,254 shares in the last quarter. Trust Co. of Toledo NA OH purchased a new stake in Fortis during the second quarter valued at about $28,000. Finally, US Bancorp DE raised its position in Fortis by 2.0% during the second quarter. US Bancorp DE now owns 18,070 shares of the utilities provider's stock valued at $862,000 after purchasing an additional 359 shares in the last quarter. Hedge funds and other institutional investors own 57.77% of the company's stock.

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.