Raymond James Has Optimistic Outlook of Fortis Q1 Earnings

Fortis Inc. (TSE:FTS) – Research analysts at Raymond James increased their Q1 2025 EPS estimates for shares of Fortis in a research note issued on Monday, February 17th. Raymond James analyst T. Genzebu now expects that the company will post earnings per share of $0.94 for the quarter, up from their previous 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.

A number of other equities analysts have also recently issued reports on FTS. Jefferies Financial Group set a C$67.00 price objective on shares of Fortis and gave the stock a “hold” rating in a research report on Thursday, February 13th. Royal Bank of Canada raised their price objective on Fortis from C$65.00 to C$69.00 in a research note on Tuesday. Scotiabank boosted their price objective 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. Finally, CIBC increased their target price on Fortis from C$64.00 to C$65.00 in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$62.45.

Fortis Trading Up 1.0 %

TSE:FTS opened at C$62.51 on Wednesday. Fortis has a 12 month low of C$51.02 and a 12 month high of C$64.39. The company has a current ratio of 0.74, a quick ratio of 0.36 and a debt-to-equity ratio of 142.31. The stock has a market capitalization of C$30.92 billion, a price-to-earnings ratio of 18.55, a PEG ratio of 3.01 and a beta of 0.23. The firm has a fifty day simple moving average of C$60.75 and a two-hundred day simple moving average of C$60.66.

Insider Activity at Fortis

In other Fortis news, Senior Officer Jocelyn Perry sold 11,809 shares of the company’s stock in a transaction dated 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Friday, May 16th will be issued a dividend of $0.615 per share. This represents a $2.46 annualized dividend and a yield of 3.94%. Fortis’s dividend payout ratio (DPR) is currently 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.