Hydro One (H) Scheduled to Post Earnings on Thursday

Hydro One (TSE:H) will be releasing 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) last announced its quarterly earnings results 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. The business had revenue of C$2.03 billion during the quarter. Hydro One had a return on equity of 9.61% and a net margin of 13.85%.

Hydro One Price Performance

Shares of H opened at C$44.69 on Wednesday. The company has a debt-to-equity ratio of 137.11, a quick ratio of 0.30 and a current ratio of 0.40. The firm has a market cap of C$26.79 billion, a PE ratio of 23.90, a PEG ratio of 3.17 and a beta of 0.34. The firm’s 50 day moving average price is C$45.67 and its 200 day moving average price is C$42.28. Hydro One has a twelve month low of C$37.04 and a twelve month high of C$48.05.

Hydro One Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders 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 dividend yield of 2.81%. Hydro One’s dividend payout ratio is currently 67.38%.

Wall Street Analyst Weigh In

H has been the subject of several recent analyst reports. National Bankshares upped their price target 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. Raymond James increased their price target on Hydro One from C$41.00 to C$45.00 in a report on Thursday, September 19th. BMO Capital Markets boosted their price objective on shares of Hydro One from C$42.00 to C$44.00 in a research note on Thursday, September 5th. CIBC raised their target price on shares of Hydro One from C$41.00 to C$44.00 in a research note on Thursday, August 15th. Finally, Wells Fargo & Company lifted their target price on shares of Hydro One from C$42.00 to C$46.00 in a report on Monday, August 19th. Eight research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$43.00.

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.