FY2024 EPS Estimates for Hydro One Lowered by Raymond James

Hydro One Limited (TSE:H - Free Report) - Investment analysts at Raymond James dropped their FY2024 earnings estimates for shares of Hydro One in a report released on Friday, November 8th. Raymond James analyst D. Quezada now expects that the company will earn $1.91 per share for the year, down from their prior forecast of $1.92. The consensus estimate for Hydro One's current full-year earnings is $2.06 per share. Raymond James also issued estimates for Hydro One's Q4 2024 earnings at $0.32 EPS.

H has been the topic of several other research reports. Royal Bank of Canada boosted their price objective on shares of Hydro One from C$41.00 to C$43.00 and gave the stock a "sector perform" rating in a report on Thursday, October 3rd. BMO Capital Markets boosted their price objective on shares of Hydro One from C$42.00 to C$44.00 in a report on Thursday, September 5th. Wells Fargo & Company boosted their price objective on shares of Hydro One from C$42.00 to C$46.00 in a report on Monday, August 19th. CIBC lifted their target price on shares of Hydro One from C$41.00 to C$44.00 in a research report on Thursday, August 15th. Finally, National Bankshares lifted their target price on shares of Hydro One from C$40.00 to C$45.00 and gave the company a "sector perform" rating in a research report on Friday, August 23rd. Eight research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of C$43.00.

Hydro One Stock Performance

Shares of TSE:H traded up C$0.20 on Monday, hitting C$44.81. 109,016 shares of the company were exchanged, compared to its average volume of 1,000,412. The company's 50 day moving average price is C$45.65 and its two-hundred day moving average price is C$42.41. Hydro One has a one year low of C$37.04 and a one year high of C$48.05. The company has a debt-to-equity ratio of 137.11, a quick ratio of 0.30 and a current ratio of 0.40. The firm has a market capitalization of C$26.86 billion, a price-to-earnings ratio of 23.86, a PEG ratio of 3.17 and a beta of 0.34.

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

Hydro One Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Wednesday, December 11th will be given a $0.314 dividend. The ex-dividend date is Wednesday, December 11th. This represents a $1.26 dividend on an annualized basis and a yield of 2.80%. Hydro One's dividend payout ratio (DPR) is presently 67.38%.

About Hydro One

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.