National Bank Financial Estimates Fortis FY2025 Earnings

Fortis Inc. (TSE:FTS - Free Report) - Research analysts at National Bank Financial raised their FY2025 earnings per share (EPS) estimates for Fortis in a report issued on Tuesday, April 22nd. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings of $3.35 per share for the year, up from their prior estimate of $3.33. The consensus estimate for Fortis' current full-year earnings is $3.34 per share.

Other research analysts also recently issued reports about the company. CIBC boosted their price target on Fortis from C$68.00 to C$69.00 and gave the company a "neutral" rating in a report on Thursday. Royal Bank of Canada boosted their price target on Fortis from C$65.00 to C$69.00 in a report on Tuesday, February 18th. Scotiabank boosted their price target on Fortis from C$63.00 to C$66.00 and gave the company a "sector perform" rating in a report on Thursday, February 13th. Raymond James decreased their price target on Fortis from C$69.00 to C$62.50 and set a "market perform" rating for the company in a report on Thursday, April 17th. Finally, Jefferies Financial Group boosted their price objective on Fortis from C$67.00 to C$70.00 in a research report on Monday, April 14th. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of C$63.14.

Fortis Stock Performance

TSE:FTS traded down C$0.16 during trading hours on Friday, reaching C$67.18. The company had a trading volume of 2,357,563 shares, compared to its average volume of 1,797,799. Fortis has a 1-year low of C$52.19 and a 1-year high of C$67.68. The firm has a market cap of C$33.23 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 3.01 and a beta of 0.23. The business's 50 day moving average price is C$64.57 and its 200-day moving average price is C$62.31. The company has a debt-to-equity ratio of 142.31, a current ratio of 0.74 and a quick ratio of 0.36.

Fortis Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Friday, May 16th will be given a dividend of $0.615 per share. This represents a $2.46 annualized dividend and a dividend yield of 3.66%. Fortis's payout ratio 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.