Fortis (FTS) Projected to Post Quarterly Earnings on Wednesday

Fortis (NYSE:FTS) is expected to issue its Q1 2026 results before the market opens on Wednesday, May 6th. Analysts expect the company to announce earnings of $0.70 per share and revenue of $2.5551 billion for the quarter. Parties can find conference call details on the company’s upcoming Q1 2026 earning report page for the latest details on the call scheduled for Wednesday, May 6, 2026 at 8:30 AM ET.

Fortis (NYSE:FTS) last announced its quarterly earnings results on Thursday, February 12th. The utilities provider reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.03. The company had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.54 billion. Fortis had a net margin of 14.24% and a return on equity of 7.24%. During the same quarter in the previous year, the business posted $0.83 earnings per share. On average, analysts expect Fortis to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Fortis Stock Down 0.5%

NYSE FTS opened at $56.90 on Tuesday. The company has a quick ratio of 0.42, a current ratio of 0.51 and a debt-to-equity ratio of 1.28. The company has a fifty day moving average of $56.78 and a two-hundred day moving average of $53.82. The firm has a market capitalization of $28.97 billion, a price-to-earnings ratio of 23.32 and a beta of 0.45. Fortis has a 52 week low of $45.87 and a 52 week high of $58.78.

Fortis Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be paid a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Friday, May 15th. Fortis’s payout ratio is presently 77.05%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Wall Street Zen raised shares of Fortis from a “sell” rating to a “hold” rating in a research note on Sunday, April 19th. TD Securities reaffirmed a “buy” rating on shares of Fortis in a research note on Tuesday, February 17th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Fortis in a research note on Friday, February 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Fortis in a research note on Tuesday, April 21st. Finally, Barclays started coverage on Fortis in a report on Tuesday, April 28th. They set an “overweight” rating and a $62.00 price objective for the company. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $67.00.

Institutional Trading of Fortis

A number of large investors have recently made changes to their positions in the stock. Public Sector Pension Investment Board boosted its stake in shares of Fortis by 0.6% during the second quarter. Public Sector Pension Investment Board now owns 48,548 shares of the utilities provider’s stock valued at $2,313,000 after purchasing an additional 300 shares during the period. Wellington Management Group LLP boosted its stake in shares of Fortis by 0.8% during the fourth quarter. Wellington Management Group LLP now owns 37,822 shares of the utilities provider’s stock valued at $1,969,000 after purchasing an additional 316 shares during the period. Royal London Asset Management Ltd. boosted its stake in shares of Fortis by 0.9% during the second quarter. Royal London Asset Management Ltd. now owns 34,938 shares of the utilities provider’s stock valued at $1,668,000 after purchasing an additional 325 shares during the period. Parallel Advisors LLC boosted its stake in shares of Fortis by 17.2% during the fourth quarter. Parallel Advisors LLC now owns 2,499 shares of the utilities provider’s stock valued at $130,000 after purchasing an additional 366 shares during the period. Finally, Larson Financial Group LLC boosted its stake in shares of Fortis by 123.9% during the third quarter. Larson Financial Group LLC now owns 739 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 409 shares during the period. 57.77% of the stock is owned by hedge funds and other institutional investors.

Fortis Company Profile

Fortis Inc is a Canadian diversified electric and gas utility holding company headquartered in St. John’s, Newfoundland and Labrador. Through a portfolio of regulated utility subsidiaries, the company develops, owns and operates electricity and natural gas transmission, distribution and generation assets. Fortis serves customers across multiple jurisdictions in Canada, the United States and the Caribbean, focusing on the delivery of safe, reliable energy to residential, commercial and industrial users.

The company’s core activities include operation and maintenance of transmission and distribution networks, ownership of generation facilities, and investment in grid modernization and system resilience.