National Bank Financial Estimates Fortis FY2025 Earnings

Fortis Inc. (TSE:FTS) – Analysts at National Bank Financial decreased their FY2025 earnings estimates for Fortis in a research note issued on Monday, February 17th. National Bank Financial analyst P. Kenny now anticipates that the company will post earnings per share of $3.33 for the year, down from their prior forecast of $3.37. The consensus estimate for Fortis’ current full-year earnings is $3.34 per share.

A number of other analysts have also recently commented on the stock. Royal Bank of Canada increased their price target on shares of Fortis from C$65.00 to C$69.00 in a research note on Tuesday. Jefferies Financial Group set a C$67.00 price objective on shares of Fortis and gave the company a “hold” rating in a research report on Thursday, February 13th. CIBC increased their price objective on shares of Fortis from C$64.00 to C$65.00 in a research report on Tuesday. Scotiabank increased their price objective on shares of Fortis from C$63.00 to C$66.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th. Finally, Raymond James increased their price objective on shares of Fortis from C$61.00 to C$62.50 in a research report on Tuesday. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of C$62.45.

Fortis Stock Performance

Shares of FTS stock opened at C$62.51 on Wednesday. The stock has a market cap of C$30.92 billion, a P/E ratio of 18.55, a P/E/G ratio of 3.01 and a beta of 0.23. The company has a debt-to-equity ratio of 142.31, a current ratio of 0.74 and a quick ratio of 0.36. The company has a fifty day moving average price of C$60.75 and a two-hundred day moving average price of C$60.66. Fortis has a one year low of C$51.02 and a one year high of C$64.39.

Fortis Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 3.94%. Fortis’s dividend payout ratio is 73.02%.

Insider Buying and Selling

In related news, Senior Officer Jocelyn Perry sold 11,809 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of C$63.19, for a total transaction of C$746,178.83. 0.04% of the stock is owned by insiders.

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.