Fortis (FTS) Expected to Announce Quarterly Earnings on Wednesday

Fortis (NYSE:FTS) is expected to be announcing 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. Investors are encouraged to explore the company’s upcoming Q1 2026 earning overview page for the latest details on the call scheduled for Wednesday, May 6, 2026 at 8:30 AM ET.

Fortis (NYSE:FTS) last issued its earnings results on Thursday, February 12th. The utilities provider reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.03. The firm 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 last year, the company earned $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 Up 0.1%

Shares of NYSE:FTS opened at $57.24 on Monday. The firm’s 50 day moving average price is $56.78 and its 200 day moving average price is $53.82. The stock has a market cap of $29.14 billion, a price-to-earnings ratio of 23.46 and a beta of 0.45. Fortis has a fifty-two week low of $45.87 and a fifty-two week high of $58.78. The company has a quick ratio of 0.42, a current ratio of 0.51 and a debt-to-equity ratio of 1.28.

Fortis Dividend Announcement

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

Analyst Ratings Changes

FTS has been the topic of a number of research analyst reports. TD Securities reissued a “buy” rating on shares of Fortis in a report on Tuesday, February 17th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Fortis in a report on Monday, April 20th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Fortis in a report on Friday, February 13th. Barclays initiated coverage on shares of Fortis in a report on Tuesday, April 28th. They set an “overweight” rating and a $62.00 price objective on the stock. Finally, Scotiabank reissued a “sector perform” rating on shares of Fortis in a report on Friday, February 13th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $67.00.

Institutional Trading of Fortis

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FIL Ltd increased its holdings in shares of Fortis by 9.1% in the 4th quarter. FIL Ltd now owns 19,898,613 shares of the utilities provider’s stock valued at $1,034,545,000 after acquiring an additional 1,666,481 shares during the period. Bank of America Corp DE boosted its stake in Fortis by 60.7% during the 3rd quarter. Bank of America Corp DE now owns 2,508,277 shares of the utilities provider’s stock worth $127,270,000 after purchasing an additional 947,079 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Fortis by 16.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 3,136,544 shares of the utilities provider’s stock worth $163,423,000 after purchasing an additional 432,132 shares during the period. Scotia Capital Inc. boosted its stake in Fortis by 3.7% during the 3rd quarter. Scotia Capital Inc. now owns 9,163,354 shares of the utilities provider’s stock worth $461,748,000 after purchasing an additional 326,212 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in Fortis during the 4th quarter worth $16,387,000. Institutional investors and hedge funds own 57.77% of the company’s stock.

About Fortis

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.