Research Analysts Issue Forecasts for Fortis FY2026 Earnings

Posted by on Jul 9th, 2026

Fortis Inc. (TSE:FTS – Free Report) – Analysts at Scotiabank raised their FY2026 EPS estimates for shares of Fortis in a research note issued to investors on Tuesday, July 7th. Scotiabank analyst R. Hope now anticipates that the company will earn $3.62 per share for the year, up from their prior forecast of $3.60. The consensus estimate for Fortis’ current full-year earnings is $3.34 per share.

Fortis (TSE:FTS – Get Free Report) last announced its earnings results on Wednesday, May 6th. The company reported C$0.99 earnings per share for the quarter. Fortis had a return on equity of 7.51% and a net margin of 14.75%.The company had revenue of C$3.40 billion during the quarter.

FTS has been the subject of a number of other research reports. National Bank Financial raised their price objective on Fortis from C$75.00 to C$82.00 and gave the company a “sector perform” rating in a research note on Monday, June 1st. TD increased their target price on Fortis from C$83.00 to C$84.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Raymond James Financial raised their price target on shares of Fortis from C$78.50 to C$80.50 and gave the stock an “outperform” rating in a research report on Tuesday, April 28th. Finally, Barclays dropped their price target on shares of Fortis from C$84.00 to C$83.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$79.32.

View Our Latest Research Report on Fortis

Fortis Trading Up 0.1%

TSE:FTS opened at C$81.77 on Thursday. The stock has a market cap of C$41.63 billion, a price-to-earnings ratio of 24.12, a price-to-earnings-growth ratio of 3.01 and a beta of 0.41. Fortis has a one year low of C$63.74 and a one year high of C$82.67. The company has a debt-to-equity ratio of 145.23, a quick ratio of 0.36 and a current ratio of 0.49. The business’s 50-day simple moving average is C$78.54 and its 200 day simple moving average is C$76.52.

Fortis Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, June 1st were paid a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Friday, May 15th. Fortis’s dividend payout ratio (DPR) is presently 74.04%.

Insider Activity

In other news, insider James Reid sold 24,700 shares of Fortis stock in a transaction on Monday, June 15th. The stock was sold at an average price of C$79.21, for a total transaction of C$1,956,487.00. Following the transaction, the insider directly owned 31,283 shares in the company, valued at approximately C$2,477,926.43. This trade represents a 44.12% decrease in their position. In the last 90 days, insiders acquired 572 shares of company stock worth $45,909. 0.04% of the stock is currently owned by company insiders.

Fortis Company Profile

(Get Free Report)

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. states, with more than 16,000 miles of high-voltage transmission lines in operation serving a peak load in excess of 23 gigawatts.

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Earnings History and Estimates for Fortis (TSE:FTS)

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