Research Analysts Set Expectations for Fortis Q1 Earnings

Fortis Inc. (TSE:FTS) – Research analysts at Raymond James lifted their Q1 2025 earnings per share (EPS) estimates for Fortis in a research report issued on Thursday, April 17th. Raymond James analyst T. Genzebu now forecasts that the company will earn $0.97 per share for the quarter, up from their previous forecast of $0.94. Raymond James currently has a “Market Perform” rating and a $62.50 target price 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.

A number of other research analysts have also commented on the stock. Royal Bank of Canada boosted their price target on shares of Fortis from C$65.00 to C$69.00 in a research report on Tuesday, February 18th. Jefferies Financial Group boosted their target price on Fortis from C$67.00 to C$70.00 in a research report on Monday, April 14th. Scotiabank upped their target price on Fortis from C$63.00 to C$66.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th. CIBC lifted their price target on Fortis from C$65.00 to C$68.00 in a research report on Friday, April 4th. Finally, UBS Group upped their price objective on shares of Fortis from C$58.00 to C$63.00 in a research report on Friday, March 21st. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to MarketBeat, Fortis has an average rating of “Hold” and a consensus price target of C$63.05.

Fortis Stock Performance

Fortis stock opened at C$66.70 on Friday. Fortis has a 1-year low of C$51.59 and a 1-year high of C$67.52. The company has a current ratio of 0.74, a quick ratio of 0.36 and a debt-to-equity ratio of 142.31. The firm has a market capitalization of C$33.00 billion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 3.01 and a beta of 0.23. The firm’s 50 day simple moving average is C$64.14 and its 200 day simple moving average is C$62.10.

Fortis Dividend Announcement

The firm also recently declared 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 3.69%. Fortis’s payout ratio is currently 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.