National Bank Financial Predicts Fortis FY2026 Earnings

Fortis Inc. (TSE:FTS) – National Bank Financial decreased their FY2026 EPS estimates for Fortis in a report issued on Monday, February 17th. National Bank Financial analyst P. Kenny now anticipates that the company will post earnings per share of $3.49 for the year, down from their prior forecast of $3.53. The consensus estimate for Fortis’ current full-year earnings is $3.34 per share.

A number of other equities analysts also recently weighed in on FTS. 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 target on shares of Fortis and gave the stock a “hold” rating in a research note on Thursday, February 13th. Scotiabank increased their price objective 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 increased their price objective on shares of Fortis from C$64.00 to C$65.00 in a research report on Tuesday. 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 equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$62.45.

Fortis Stock Performance

TSE:FTS opened at C$62.51 on Thursday. The company has a quick ratio of 0.36, a current ratio of 0.74 and a debt-to-equity ratio of 142.31. The company 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. Fortis has a fifty-two week low of C$51.02 and a fifty-two week high of C$64.39. The firm’s 50 day moving average is C$60.75 and its two-hundred day moving average is C$60.66.

Insider Activity at Fortis

In other Fortis news, Senior Officer Jocelyn Perry sold 11,809 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of C$63.19, for a total transaction of C$746,178.83. Company insiders own 0.04% of the company’s stock.

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 issued 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 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.