National Bank Financial Forecasts Hydro One Q4 Earnings

Hydro One Limited (TSE:H - Free Report) - Equities research analysts at National Bank Financial issued their Q4 2024 earnings per share estimates for Hydro One in a research report issued to clients and investors on Tuesday, January 28th. National Bank Financial analyst P. Kenny expects that the company will post earnings of $0.31 per share for the quarter. The consensus estimate for Hydro One's current full-year earnings is $2.06 per share.

Hydro One (TSE:H - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported C$0.62 earnings per share for the quarter, beating analysts' consensus estimates of C$0.58 by C$0.04. Hydro One had a net margin of 13.85% and a return on equity of 9.61%. During the same period in the previous year, the company posted $0.59 EPS.

H has been the topic of a number of other research reports. Royal Bank of Canada raised 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 research note on Thursday, October 3rd. CIBC raised their price target on shares of Hydro One from C$45.00 to C$46.00 and gave the company a "neutral" rating in a research report on Wednesday, January 8th. Eight equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of C$43.25.

Hydro One Stock Performance

Shares of TSE:H traded up C$0.41 on Thursday, hitting C$45.01. 361,605 shares of the company were exchanged, compared to its average volume of 655,811. The firm has a market capitalization of C$26.98 billion, a P/E ratio of 24.07, a price-to-earnings-growth 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. The stock's 50 day moving average price is C$44.62 and its 200 day moving average price is C$44.41. Hydro One has a 1-year low of C$37.27 and a 1-year high of C$48.05.

Hydro One Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.314 per share. The ex-dividend date was Wednesday, December 11th. This represents a $1.26 annualized dividend and a dividend yield of 2.79%. Hydro One's dividend payout ratio is presently 67.38%.

Insider Activity

In other news, Director Stacey Mowbray acquired 700 shares of Hydro One stock in a transaction on Monday, December 23rd. The stock was bought at an average price of C$44.03 per share, for a total transaction of C$30,818.20. Following the completion of the purchase, the director now owns 700 shares in the company, valued at C$30,818.20. This represents a ∞ increase in their ownership of the stock. Company insiders own 47.12% of the company's stock.

Hydro One Company Profile

Hydro One operates regulated transmission and distribution assets in Ontario. The area's largest electricity provider serves nearly 1.5 million customers. Transmission accounts for roughly 60% of the company's rate base, with distribution accounting for the remainder. Hydro One operates a small telecom business, Acronym Solutions, with annual revenue contributing less than 1% to consolidated results.