Analysts Issue Forecasts for Fortis FY2025 Earnings

Fortis Inc. (TSE:FTS) – Stock analysts at Raymond James Financial upped their FY2025 EPS estimates for shares of Fortis in a research note issued to investors on Tuesday, November 4th. Raymond James Financial analyst T. Genzebu now forecasts that the company will post earnings per share of $3.52 for the year, up from their prior forecast of $3.50. Raymond James Financial currently has a “Outperform” rating and a $75.50 target price on the stock. The consensus estimate for Fortis’ current full-year earnings is $3.34 per share. Raymond James Financial also issued estimates for Fortis’ Q4 2025 earnings at $0.88 EPS, Q1 2026 earnings at $1.02 EPS, Q2 2026 earnings at $0.68 EPS and FY2026 earnings at $3.56 EPS.

Several other brokerages have also recently weighed in on FTS. Royal Bank Of Canada increased their price objective on shares of Fortis from C$72.00 to C$79.00 in a research note on Wednesday. Desjardins increased their price objective on shares of Fortis from C$76.00 to C$79.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Jefferies Financial Group increased their price objective on shares of Fortis from C$70.00 to C$72.00 in a research note on Monday, September 15th. CIBC increased their price objective on shares of Fortis from C$74.00 to C$75.00 in a research note on Wednesday. Finally, Scotiabank increased their price objective on shares of Fortis from C$70.00 to C$73.00 and gave the stock a “sector perform” rating in a research note on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$73.65.

Fortis Price Performance

Shares of TSE:FTS opened at C$71.30 on Thursday. The firm’s 50 day moving average price is C$69.82 and its 200-day moving average price is C$67.75. Fortis has a twelve month low of C$57.98 and a twelve month high of C$73.43. The company has a quick ratio of 0.36, a current ratio of 0.74 and a debt-to-equity ratio of 142.31. The stock has a market capitalization of C$35.91 billion, a PE ratio of 20.97, a price-to-earnings-growth ratio of 3.01 and a beta of 0.29.

Fortis Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, December 1st will be paid a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Monday, November 17th. This is a positive change from Fortis’s previous quarterly dividend of $0.62. Fortis’s dividend payout ratio (DPR) is 71.62%.

Fortis Company Profile

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.