FY2024 EPS Estimates for Hydro One Reduced by Raymond James

Hydro One Limited (TSE:H) – Investment analysts at Raymond James lowered their FY2024 earnings per share estimates for shares of Hydro One in a research report issued 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 previous estimate 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.

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

Hydro One Trading Up 0.3 %

H opened at C$44.73 on Monday. The business has a fifty day moving average price of C$45.65 and a 200 day moving average price of C$42.46. The company has a debt-to-equity ratio of 137.11, a current ratio of 0.40 and a quick ratio of 0.30. Hydro One has a 12 month low of C$37.04 and a 12 month high of C$48.05. The stock has a market capitalization of C$26.81 billion, a price-to-earnings ratio of 23.92, a PEG ratio of 3.17 and a beta of 0.34.

Hydro One (TSE:H) last posted its quarterly earnings data on Wednesday, August 14th. The company reported C$0.49 EPS for the quarter, beating the consensus estimate 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 during the quarter.

Hydro One Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Wednesday, December 11th will be issued a dividend of $0.314 per share. This represents a $1.26 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Wednesday, December 11th. Hydro One’s payout ratio is 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.