What is Scotiabank’s Forecast for Fortis FY2026 Earnings?

Fortis Inc. (TSE:FTS) – Research analysts at Scotiabank lowered their FY2026 earnings per share (EPS) estimates for shares of Fortis in a note issued to investors on Thursday, October 1st. Scotiabank analyst R. Hope now forecasts that the company will post earnings per share of $3.62 for the year, down from their prior forecast of $3.63. The consensus estimate for Fortis’ current full-year earnings is $3.34 per share.

Several other analysts have also recently commented on FTS. Desjardins raised their target price on Fortis from C$81.00 to C$85.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Canadian Imperial Bank of Commerce decreased their target price on shares of Fortis from C$82.00 to C$78.00 in a research report on Tuesday, September 22nd. Finally, Barclays lowered their target price on shares of Fortis from C$82.00 to C$76.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 30th. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$79.23.

Fortis Price Performance

Shares of FTS opened at C$75.02 on Monday. Fortis has a 12 month low of C$69.06 and a 12 month high of C$83.75. The company has a debt-to-equity ratio of 143.60, a current ratio of 0.56 and a quick ratio of 0.36. The stock has a fifty day moving average price of C$76.92 and a 200 day moving average price of C$78.11. The company has a market cap of C$38.33 billion, a P/E ratio of 22.06, a PEG ratio of 3.01 and a beta of 0.34.

Fortis (TSE:FTS) last issued its earnings results on Friday, July 31st. The company reported C$0.78 EPS for the quarter. Fortis had a return on equity of 7.43% and a net margin of 14.72%.The company had revenue of C$2.93 billion during the quarter.

Fortis Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, September 1st were issued a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Wednesday, August 19th. Fortis’s dividend payout ratio (DPR) is currently 74.56%.

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