Hydro One (H) Set to Announce Earnings on Thursday

Hydro One (TSE:H) will announce its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of C$0.56 per share for the quarter.

Hydro One (TSE:H) last issued its earnings results on Wednesday, August 14th. The company reported C$0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.48 by C$0.01. The business had revenue of C$2.03 billion during the quarter. Hydro One had a return on equity of 9.61% and a net margin of 13.85%.

Hydro One Trading Down 0.7 %

Shares of H opened at C$44.41 on Tuesday. The firm’s 50-day moving average is C$45.68 and its two-hundred day moving average is C$42.19. The firm has a market capitalization of C$26.62 billion, a P/E ratio of 23.85, a PEG ratio of 3.17 and a beta of 0.34. The company has a current ratio of 0.40, a quick ratio of 0.30 and a debt-to-equity ratio of 137.11. Hydro One has a twelve month low of C$37.04 and a twelve month high of C$48.05.

Hydro One Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were issued a dividend of $0.314 per share. This represents a $1.26 annualized dividend and a dividend yield of 2.83%. The ex-dividend date was Wednesday, September 11th. Hydro One’s dividend payout ratio (DPR) is 67.38%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on H shares. Wells Fargo & Company boosted their target price on shares of Hydro One from C$42.00 to C$46.00 in a research note on Monday, August 19th. National Bankshares increased their price objective on shares of Hydro One from C$40.00 to C$45.00 and gave the stock a “sector perform” rating in a report on Friday, August 23rd. Royal Bank of Canada boosted their target price on shares of Hydro One from C$41.00 to C$43.00 and gave the company a “sector perform” rating in a research note on Thursday, October 3rd. Raymond James lifted their price target on Hydro One from C$41.00 to C$45.00 in a report on Thursday, September 19th. Finally, CIBC increased their price objective on Hydro One from C$41.00 to C$44.00 in a report on Thursday, August 15th. Eight investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of C$43.00.

Hydro One Company Profile

Hydro One Limited, through its subsidiaries, operates as an electricity transmission and distribution company in Ontario. The company operates through three segments: Transmission, Distribution, and Other. It owns and operates approximately 30,000 circuit kilometers of high-voltage transmission lines and approximately 125,000 circuit kilometers primary low-voltage distribution lines.