Equities Analysts Set Expectations for Fortis Q1 Earnings

Fortis Inc. (TSE:FTS) – Desjardins issued their Q1 2025 earnings per share (EPS) estimates for Fortis in a research report issued on Monday, May 5th. Desjardins analyst B. Stadler expects that the company will earn $0.96 per share for the quarter. The consensus estimate for Fortis’ current full-year earnings is $3.34 per share. Desjardins also issued estimates for Fortis’ Q2 2025 earnings at $0.70 EPS, Q3 2025 earnings at $0.86 EPS and Q4 2025 earnings at $0.87 EPS.

Other equities research analysts also recently issued research reports about the stock. UBS Group upped their price target on shares of Fortis from C$58.00 to C$63.00 in a research report on Friday, March 21st. CIBC upped their price target on Fortis from C$68.00 to C$69.00 and gave the company a “neutral” rating in a research report on Thursday, April 24th. Royal Bank of Canada raised their price objective on Fortis from C$69.00 to C$72.00 and gave the stock a “sector perform” rating in a research report on Thursday. Raymond James dropped their target price on 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, Jefferies Financial Group raised their price target on shares of Fortis from C$67.00 to C$70.00 in a report on Monday, April 14th. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat, Fortis has an average rating of “Hold” and a consensus target price of C$64.25.

Fortis Price Performance

TSE FTS opened at C$66.91 on Thursday. 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 has a 1 year low of C$52.19 and a 1 year high of C$69.24. The company has a market cap of C$33.10 billion, a PE ratio of 19.86, a PEG ratio of 3.01 and a beta of 0.23. The stock’s 50-day moving average price is C$65.48 and its two-hundred day moving average price is C$62.80.

Fortis Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Sunday, June 1st will be given a dividend of $0.615 per share. This represents a $2.46 annualized dividend and a yield of 3.68%. The ex-dividend date is Friday, May 16th. Fortis’s payout ratio is presently 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.