National Bank Financial Estimates Hydro One Q3 Earnings

Hydro One Limited (TSE:H - Free Report) - Equities research analysts at National Bank Financial issued their Q3 2024 earnings per share (EPS) estimates for shares of Hydro One in a research note issued to investors on Wednesday, October 23rd. National Bank Financial analyst P. Kenny expects that the company will earn $0.60 per share for the quarter. The consensus estimate for Hydro One's current full-year earnings is $2.06 per share.

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

Hydro One Stock Down 0.3 %

Shares of H traded down C$0.14 during midday trading on Friday, reaching C$45.39. 374,428 shares of the stock were exchanged, compared to its average volume of 1,019,896. Hydro One has a 52 week low of C$35.02 and a 52 week high of C$48.05. 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 company's 50 day moving average is C$45.57 and its two-hundred day moving average is C$41.93. The company has a market capitalization of C$27.21 billion, a P/E ratio of 24.35, a PEG ratio of 3.17 and a beta of 0.34.

Hydro One (TSE:H - Get Free Report) last released its 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. Hydro One had a return on equity of 9.61% and a net margin of 13.85%. The business had revenue of C$2.03 billion for the quarter.

Hydro One Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were given a dividend of $0.314 per share. This represents a $1.26 annualized dividend and a yield of 2.77%. The ex-dividend date was Wednesday, September 11th. Hydro One's dividend payout ratio is currently 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.