Fortis (FTS) Expected to Release Earnings on Tuesday

Fortis (NYSE:FTS) will likely be announcing its Q3 2026 results before the market opens on Tuesday, November 3rd. Analysts expect Fortis to announce earnings of $0.65 per share and revenue of $1.97 billion for the quarter. Individuals may visit the company’s upcoming Q3 2026 earnings summary page for the latest details on the call scheduled for Tuesday, November 3, 2026 at 8:30 AM ET.

Fortis (NYSE:FTS) last announced its quarterly earnings results on Friday, July 31st. The utilities provider reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. Fortis had a return on equity of 7.16% and a net margin of 14.17%. The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same period in the previous year, the business earned $0.76 EPS. On average, analysts expect Fortis to post $2.58 EPS for the current fiscal year and $2.74 EPS for the next fiscal year.

Fortis Trading Down 0.7%

FTS opened at $57.52 on Tuesday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.47 and a current ratio of 0.56. Fortis has a one year low of $49.60 and a one year high of $59.40. The company has a market cap of $29.67 billion, a P/E ratio of 23.29 and a beta of 0.42. The business’s 50-day simple moving average is $54.61 and its 200-day simple moving average is $55.70.

Fortis Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Wednesday, August 19th were issued a C$0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Wednesday, August 19th. Fortis’s dividend payout ratio is 73.68%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on FTS shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Fortis in a research note on Thursday, October 15th. Barclays reduced their price objective on shares of Fortis from $60.00 to $56.00 and set an “overweight” rating for the company in a research report on Tuesday, September 29th. TD Securities restated a “buy” rating on shares of Fortis in a report on Tuesday, August 4th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Fortis in a research report on Monday, August 3rd. Finally, Canadian Imperial Bank of Commerce lowered shares of Fortis from an “outperform” rating to a “hold” rating in a research note on Friday, July 17th. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $65.00.

Fortis Company Profile

Fortis Inc is a Canadian utility holding company that owns and operates regulated electric and natural gas utilities. Its businesses are primarily focused on the transmission and distribution of electricity, natural gas distribution, and related energy infrastructure.

Through its portfolio of utility subsidiaries, Fortis serves customers across Canada and the United States, with additional operations in the Caribbean. Its businesses include electric utilities, natural gas utilities, and electric transmission assets, providing essential energy services to residential, commercial, and industrial customers.

Fortis has expanded from its Canadian utility origins through acquisitions and investments in regulated infrastructure.