FY2024 EPS Estimates for Hydro One Lowered by Analyst

Hydro One Limited (TSE:H - Free Report) - Equities research analysts at National Bank Financial decreased their FY2024 EPS estimates for Hydro One in a research report issued on Thursday, November 7th. National Bank Financial analyst P. Kenny now expects that the company will earn $1.88 per share for the year, down from their prior estimate of $1.89. The consensus estimate for Hydro One's current full-year earnings is $2.06 per share.

Hydro One (TSE:H - Get Free Report) last posted its quarterly earnings results on Wednesday, August 14th. The company reported C$0.49 earnings per share 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 net margin of 13.85% and a return on equity of 9.61%.

A number of other research firms also recently weighed in on H. Wells Fargo & Company boosted their price target on shares of Hydro One from C$42.00 to C$46.00 in a research note on Monday, August 19th. CIBC boosted their price target on shares of Hydro One from C$41.00 to C$44.00 in a research note on Thursday, August 15th. Royal Bank of Canada boosted their price target on shares of Hydro One from C$41.00 to C$43.00 and gave the stock a "sector perform" rating in a research note on Thursday, October 3rd. BMO Capital Markets boosted their price target on shares of Hydro One from C$42.00 to C$44.00 in a research note on Thursday, September 5th. Finally, National Bankshares upped 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 note on Friday, August 23rd. Eight analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of C$43.00.

Hydro One Trading Up 0.4 %

Shares of H traded up C$0.20 on Monday, reaching C$44.81. 109,016 shares of the company's stock were exchanged, compared to its average volume of 1,000,412. The company has a current ratio of 0.40, a quick ratio of 0.30 and a debt-to-equity ratio of 137.11. The stock has a market capitalization of C$26.86 billion, a P/E ratio of 23.86, a price-to-earnings-growth ratio of 3.17 and a beta of 0.34. The business has a 50 day moving average price of C$45.65 and a two-hundred day moving average price of C$42.41. Hydro One has a 12 month low of C$37.04 and a 12 month high of C$48.05.

Hydro One Announces Dividend

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

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.