Fortis (FTS) Expected to Announce Earnings on Tuesday

Fortis (NYSE:FTS) is projected to post its Q3 2026 results before the market opens on Tuesday, November 3rd. Analysts expect the company to announce earnings of $0.65 per share and revenue of $1.97 billion for the quarter. Individuals can find conference call details on the company’s upcoming Q3 2026 earnings overview page for the latest details on the call scheduled for Tuesday, November 3, 2026 at 8:30 AM ET.

Fortis (NYSE:FTS) last issued its quarterly earnings data on Friday, July 31st. The utilities provider reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.01. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.83 billion. Fortis had a net margin of 14.17% and a return on equity of 7.16%. During the same period last year, the firm posted $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%

NYSE 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. The firm has a market cap of $29.67 billion, a PE ratio of 23.29 and a beta of 0.42. Fortis has a one year low of $49.60 and a one year high of $59.40. The firm’s fifty day moving average is $54.61 and its two-hundred day moving average is $55.70.

Fortis Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on FTS shares. Wolfe Research set a $50.00 price target on Fortis in a report on Tuesday, August 4th. BMO Capital Markets restated a “market perform” rating on shares of Fortis in a research report on Monday, August 3rd. TD Securities reaffirmed a “buy” rating on shares of Fortis in a research note on Tuesday, August 4th. Canadian Imperial Bank of Commerce cut Fortis from an “outperform” rating to a “hold” rating in a research report on Friday, July 17th. Finally, Barclays lowered their target price on Fortis from $60.00 to $56.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 29th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Fortis presently has an average rating of “Hold” and a consensus target price of $65.00.

About Fortis

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.