Fortis (TSE:FTS) Announces Quarterly Earnings Results

Fortis (TSE:FTS) announced its quarterly earnings results on Tuesday. The company reported C$0.92 EPS for the quarter, FiscalAI reports. Fortis had a net margin of 14.72% and a return on equity of 7.43%. The company had revenue of C$3.12 billion for the quarter.

Fortis Stock Up 1.2%

Fortis stock opened at C$82.95 on Tuesday. Fortis has a 52 week low of C$69.06 and a 52 week high of C$83.75. The stock has a market cap of C$42.38 billion, a price-to-earnings ratio of 24.40, a PEG ratio of 3.01 and a beta of 0.34. The company’s 50-day moving average price is C$76.94 and its two-hundred day moving average price is C$77.64. The company has a current ratio of 0.56, a quick ratio of 0.36 and a debt-to-equity ratio of 143.60.

Fortis Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, September 1st were paid a dividend of $0.64 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $2.56 annualized dividend and a yield of 3.1%. Fortis’s dividend payout ratio (DPR) is presently 74.56%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on FTS shares. Desjardins set a C$85.00 price objective on Fortis and gave the stock a “buy” rating in a research report on Tuesday, October 27th. Barclays decreased their price objective on Fortis from C$82.00 to C$76.00 and set an “overweight” rating for the company in a report on Wednesday, September 30th. Finally, Canadian Imperial Bank of Commerce lowered their target price on Fortis from C$82.00 to C$78.00 in a research report on Tuesday, September 22nd. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$79.23.

About Fortis

Fortis is a diversified leader in the North American regulated electric and gas utility industry with 2025 revenue of $12 billion and total assets of $79 billion as at June 30, 2026. The Corporation’s 9,900 employees serve utility customers in five Canadian provinces, ten U.S. states and the Cayman Islands.