Hydro One (TSE:H - Get Free Report) is set to release its earnings data before the market opens on Thursday, November 7th. Analysts expect Hydro One to post earnings of C$0.56 per share for the quarter.
Hydro One (TSE:H - Get Free Report) last issued its quarterly earnings results on Wednesday, August 14th. The company reported C$0.49 EPS for the quarter, beating 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 firm had revenue of C$2.03 billion for the quarter.
Hydro One Stock Performance
Shares of TSE H traded down C$0.56 during trading on Thursday, reaching C$44.83. 1,048,470 shares of the stock traded hands, compared to its average volume of 1,017,098. Hydro One has a 52-week low of C$35.87 and a 52-week high of C$48.05. The company has a debt-to-equity ratio of 137.11, a current ratio of 0.40 and a quick ratio of 0.30. The company has a 50-day moving average of C$45.67 and a 200-day moving average of C$42.11. The stock has a market capitalization of C$26.87 billion, a P/E ratio of 24.18, a price-to-earnings-growth ratio of 3.17 and a beta of 0.34.
Hydro One Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were issued a dividend of $0.314 per share. The ex-dividend date of this dividend was Wednesday, September 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 67.38%.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the company. CIBC upped their target price on Hydro One from C$41.00 to C$44.00 in a research note on Thursday, August 15th. National Bankshares upped their target price on Hydro One from C$40.00 to C$45.00 and gave the stock a "sector perform" rating in a research note on Friday, August 23rd. BMO Capital Markets upped their target price on Hydro One from C$42.00 to C$44.00 in a research note on Thursday, September 5th. Wells Fargo & Company upped their target price on Hydro One from C$42.00 to C$46.00 in a research note on Monday, August 19th. Finally, Raymond James upped their target price on Hydro One from C$41.00 to C$45.00 in a research note on Thursday, September 19th. Eight investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of C$43.00.
View Our Latest Report on Hydro One
About Hydro One
(
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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.
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