Q1 Earnings Forecast for Fortis Issued By Desjardins

Fortis Inc. (TSE:FTS) – Equities research analysts at Desjardins issued their Q1 2025 earnings per share estimates for shares of Fortis in a report released on Monday, May 5th. Desjardins analyst B. Stadler anticipates 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.

FTS has been the topic of several other research reports. Jefferies Financial Group raised their price target on shares of Fortis from C$67.00 to C$70.00 in a research note on Monday, April 14th. UBS Group lifted their target price on Fortis from C$58.00 to C$63.00 in a research note on Friday, March 21st. CIBC boosted their price target on Fortis from C$68.00 to C$69.00 and gave the stock a “neutral” rating in a research report on Thursday, April 24th. Scotiabank raised their price target on Fortis from C$66.00 to C$70.00 and gave the company a “sector perform” rating in a report on Thursday. Finally, Royal Bank of Canada upped their price objective on shares of Fortis from C$69.00 to C$72.00 and gave the stock a “sector perform” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat.com, Fortis has a consensus rating of “Hold” and a consensus target price of C$64.25.

Fortis Stock Down 0.9 %

FTS stock opened at C$66.91 on Thursday. The stock has a market cap of C$33.10 billion, a PE ratio of 19.86, 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$65.48 and its 200 day simple moving average is C$62.80. Fortis has a fifty-two week low of C$52.19 and a fifty-two week high of C$69.24. The company has a quick ratio of 0.36, a current ratio of 0.74 and a debt-to-equity ratio of 142.31.

Fortis Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Sunday, June 1st will be given a dividend of $0.615 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.46 annualized dividend and a dividend yield of 3.68%. Fortis’s dividend payout ratio (DPR) is 73.02%.

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.