What is Scotiabank’s Estimate for Fortis FY2026 Earnings?

Fortis Inc. (TSE:FTS) – Equities researchers at Scotiabank raised their FY2026 EPS estimates for shares of Fortis in a research note issued on Thursday, February 19th. Scotiabank analyst R. Hope now forecasts that the company will post earnings per share of $3.62 for the year, up from their prior estimate of $3.61. Scotiabank has a “Sector Perform” rating and a $80.00 price target on the stock. The consensus estimate for Fortis’ current full-year earnings is $3.34 per share. Scotiabank also issued estimates for Fortis’ FY2027 earnings at $3.84 EPS.

A number of other analysts have also issued reports on the company. BMO Capital Markets raised their target price on Fortis from C$74.00 to C$77.00 and gave the company a “market perform” rating in a report on Friday, February 13th. Royal Bank Of Canada increased their price objective on Fortis from C$79.00 to C$80.00 and gave the company a “sector perform” rating in a research report on Friday, February 13th. Jefferies Financial Group lowered their price objective on shares of Fortis from C$72.00 to C$70.00 in a research note on Wednesday, January 28th. Desjardins boosted their target price on shares of Fortis from C$79.00 to C$81.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Finally, Raymond James Financial increased their price target on shares of Fortis from C$75.50 to C$78.50 and gave the company an “outperform” rating in a report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Fortis currently has a consensus rating of “Moderate Buy” and a consensus target price of C$75.65.

Fortis Trading Down 0.5%

Fortis stock opened at C$76.99 on Friday. Fortis has a 52 week low of C$61.32 and a 52 week high of C$78.07. The company has a debt-to-equity ratio of 142.31, a quick ratio of 0.36 and a current ratio of 0.74. The firm has a market capitalization of C$39.06 billion, a PE ratio of 22.64, a PEG ratio of 3.01 and a beta of 0.35. The business’s 50-day simple moving average is C$72.65 and its 200-day simple moving average is C$71.23.

Fortis (TSE:FTS) last released its earnings results on Thursday, February 12th. The company reported C$0.90 earnings per share for the quarter. The firm had revenue of C$3.08 billion during the quarter. Fortis had a net margin of 14.53% and a return on equity of 7.48%.

Fortis Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Sunday, March 1st will be paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Tuesday, February 17th. Fortis’s dividend payout ratio is presently 73.09%.

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. states, with more than 16,000 miles of high-voltage transmission lines in operation serving a peak load in excess of 23 gigawatts.