Fortis Inc. (TSE:FTS - Free Report) - Raymond James boosted their Q1 2025 EPS estimates for shares of Fortis in a report released on Monday, February 17th. Raymond James analyst T. Genzebu now expects that the company will post earnings of $0.94 per share for the quarter, up from their prior forecast of $0.93. The consensus estimate for Fortis' current full-year earnings is $3.34 per share. Raymond James also issued estimates for Fortis' Q2 2025 earnings at $0.69 EPS, Q3 2025 earnings at $0.80 EPS and FY2025 earnings at $3.34 EPS.
FTS has been the topic of a number of other reports. Royal Bank of Canada boosted their price target on shares of Fortis from C$65.00 to C$69.00 in a research report on Tuesday. Scotiabank boosted their price target on shares of Fortis from C$63.00 to C$66.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 13th. CIBC boosted their price target on shares of Fortis from C$64.00 to C$65.00 in a research report on Tuesday. Finally, Jefferies Financial Group set a C$67.00 price target on shares of Fortis and gave the stock a "hold" rating in a research report on Thursday, February 13th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of C$62.45.
Read Our Latest Research Report on FTS
Fortis Price Performance
Shares of FTS stock traded up C$0.68 during midday trading on Wednesday, reaching C$62.73. 2,494,219 shares of the company were exchanged, compared to its average volume of 1,726,503. Fortis has a 12 month low of C$51.02 and a 12 month high of C$64.39. The company has a market cap of C$31.03 billion, a P/E ratio of 18.62, a PEG ratio of 3.01 and a beta of 0.23. The company's 50 day moving average price is C$60.82 and its two-hundred day moving average price is C$60.74. The company has a debt-to-equity ratio of 142.31, a quick ratio of 0.36 and a current ratio of 0.74.
Insider Transactions at Fortis
In other news, Senior Officer Jocelyn Perry sold 11,809 shares of Fortis stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of C$63.19, for a total value of C$746,178.83. 0.04% of the stock is currently owned by insiders.
Fortis Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Friday, May 16th will be given a $0.615 dividend. This represents a $2.46 annualized dividend and a dividend yield of 3.92%. Fortis's dividend payout ratio (DPR) is currently 73.02%.
Fortis Company Profile
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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.
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