Fortis (FTS) to Announce Earnings on Friday

Fortis (NYSE:FTS) is anticipated to announce its Q2 2026 results before the market opens on Friday, July 31st. Analysts expect Fortis to announce earnings of $0.56 per share and revenue of $1.8344 billion for the quarter. Interested persons can check the company’s upcoming Q2 2026 earning results page for the latest details on the call scheduled for Friday, July 31, 2026 at 8:30 AM ET.

Fortis (NYSE:FTS) last posted its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. Fortis had a net margin of 14.21% and a return on equity of 7.25%. The company had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same period last year, the company posted $1.00 EPS. On average, analysts expect Fortis to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Fortis Stock Performance

Shares of FTS stock opened at $58.58 on Friday. The firm has a market capitalization of $29.93 billion, a price-to-earnings ratio of 23.81 and a beta of 0.43. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.25. The business’s 50-day moving average price is $56.75 and its 200-day moving average price is $55.95. Fortis has a 12 month low of $48.28 and a 12 month high of $59.08.

Institutional Investors Weigh In On Fortis

Several institutional investors have recently bought and sold shares of the stock. Public Sector Pension Investment Board grew its holdings in Fortis by 0.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 48,548 shares of the utilities provider’s stock worth $2,313,000 after acquiring an additional 300 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Fortis by 0.8% during the fourth quarter. Wellington Management Group LLP now owns 37,822 shares of the utilities provider’s stock valued at $1,969,000 after acquiring an additional 316 shares during the last quarter. Royal London Asset Management Ltd. boosted its holdings in shares of Fortis by 0.9% during the second quarter. Royal London Asset Management Ltd. now owns 34,938 shares of the utilities provider’s stock worth $1,668,000 after purchasing an additional 325 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Fortis by 17.2% during the fourth quarter. Parallel Advisors LLC now owns 2,499 shares of the utilities provider’s stock worth $130,000 after purchasing an additional 366 shares during the period. Finally, Larson Financial Group LLC grew its stake in shares of Fortis by 123.9% in the third quarter. Larson Financial Group LLC now owns 739 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 409 shares during the last quarter. Institutional investors own 57.77% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Barclays decreased their price target on shares of Fortis from $62.00 to $61.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. TD Securities reissued a “buy” rating on shares of Fortis in a research report on Thursday, May 7th. Wall Street Zen lowered shares of Fortis from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Canadian Imperial Bank of Commerce downgraded shares of Fortis from an “outperform” rating to a “hold” rating in a report on Friday, July 17th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Fortis in a research note on Thursday, May 7th. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Fortis currently has a consensus rating of “Hold” and a consensus target price of $61.00.

About Fortis

Fortis Inc is a Canadian diversified electric and gas utility holding company headquartered in St. John’s, Newfoundland and Labrador. Through a portfolio of regulated utility subsidiaries, the company develops, owns and operates electricity and natural gas transmission, distribution and generation assets. Fortis serves customers across multiple jurisdictions in Canada, the United States and the Caribbean, focusing on the delivery of safe, reliable energy to residential, commercial and industrial users.

The company’s core activities include operation and maintenance of transmission and distribution networks, ownership of generation facilities, and investment in grid modernization and system resilience.