Q4 Earnings Estimate for Fortis Issued By Desjardins

Fortis Inc. (TSE:FTS) – Desjardins dropped their Q4 2025 earnings per share estimates for shares of Fortis in a research report issued to clients and investors on Tuesday, November 4th. Desjardins analyst B. Stadler now forecasts that the company will post earnings of $0.84 per share for the quarter, down from their prior estimate of $0.85. Desjardins currently has a “Buy” rating and a $79.00 target price on the stock. The consensus estimate for Fortis’ current full-year earnings is $3.34 per share.

FTS has been the topic of several other research reports. Jefferies Financial Group lifted their price objective on shares of Fortis from C$70.00 to C$72.00 in a research note on Monday, September 15th. National Bankshares lifted their price target on shares of Fortis from C$65.00 to C$67.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 5th. Cibc World Mkts raised Fortis from a “hold” rating to a “strong-buy” rating in a report on Monday, July 21st. TD Securities increased their price objective on Fortis from C$77.00 to C$79.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, BMO Capital Markets lifted their target price on Fortis from C$72.00 to C$74.00 in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$73.65.

Fortis Price Performance

Shares of Fortis stock opened at C$71.96 on Thursday. Fortis has a 52 week low of C$57.98 and a 52 week high of C$73.43. 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 cap of C$36.09 billion, a PE ratio of 21.42, a price-to-earnings-growth ratio of 3.01 and a beta of 0.29. The company’s 50-day moving average price is C$69.97 and its two-hundred day moving average price is C$67.82.

Fortis Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, December 1st will be paid a $0.64 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a $2.56 dividend on an annualized basis and a yield of 3.6%. This is a positive change from Fortis’s previous quarterly dividend of $0.62. Fortis’s dividend payout ratio (DPR) is 73.21%.

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.