Fortis (FTS) Expected to Announce Earnings on Friday

Fortis (NYSE:FTS) is projected to post its Q2 2026 results before the market opens on Friday, July 31st. Analysts expect the company to announce earnings of $0.56 per share and revenue of $1.8344 billion for the quarter. Interested persons may visit the the company’s upcoming Q2 2026 earning overview page for the latest details on the call scheduled for Friday, July 31, 2026 at 8:30 AM ET.

Fortis (NYSE:FTS) last posted its earnings results on Wednesday, May 6th. The utilities provider reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.02. The firm had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.56 billion. Fortis had a net margin of 14.21% and a return on equity of 7.25%. During the same period last year, the firm posted $1.00 EPS. On average, analysts expect Fortis to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Fortis Stock Performance

Shares of FTS opened at $57.62 on Thursday. Fortis has a 12-month low of $48.53 and a 12-month high of $59.40. The stock has a market cap of $29.43 billion, a P/E ratio of 23.42 and a beta of 0.43. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.25. The company has a 50-day moving average of $56.98 and a two-hundred day moving average of $56.14.

Institutional Trading of Fortis

Hedge funds and other institutional investors have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Fortis during the 4th quarter worth $34,000. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its position in shares of Fortis by 157.4% in the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 700 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 428 shares during the period. Larson Financial Group LLC grew its position in shares of Fortis by 123.9% in 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. Smartleaf Asset Management LLC increased its stake in Fortis by 2,119.1% in the second quarter. Smartleaf Asset Management LLC now owns 1,043 shares of the utilities provider’s stock valued at $49,000 after purchasing an additional 996 shares during the last quarter. Finally, State of Wyoming acquired a new position in Fortis in the second quarter valued at $56,000. 57.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Canadian Imperial Bank of Commerce cut shares of Fortis from an “outperform” rating to a “hold” rating in a research note on Friday, July 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Fortis in a research note on Friday, July 17th. Barclays lowered their target price on Fortis from $62.00 to $61.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. BMO Capital Markets reissued a “market perform” rating on shares of Fortis in a research report on Thursday, May 7th. Finally, Wall Street Zen cut Fortis from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $61.00.

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.