Hydro One (HRNNF) to Release Quarterly Earnings on Wednesday

Hydro One (OTCMKTS:HRNNF) is expected to be announcing its results before the market opens on Wednesday, August 12th. Analysts expect Hydro One to announce earnings of $0.4020 per share and revenue of $1.5828 billion for the quarter.

Hydro One (OTCMKTS:HRNNF) last posted its earnings results on Wednesday, May 13th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. Hydro One had a return on equity of 10.83% and a net margin of 14.80%.The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.79 billion.

Hydro One Trading Down 1.6%

Shares of HRNNF opened at $41.10 on Wednesday. Hydro One has a twelve month low of $35.12 and a twelve month high of $44.02. The stock has a market cap of $24.66 billion and a PE ratio of 32.62. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.40. The business’s 50-day moving average price is $41.24 and its 200-day moving average price is $41.54.

Wall Street Analyst Weigh In

HRNNF has been the subject of a number of analyst reports. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Hydro One in a research report on Monday, April 20th. Jefferies Financial Group lowered shares of Hydro One from a “hold” rating to an “underperform” rating in a report on Monday, June 1st. TD Securities reiterated a “hold” rating on shares of Hydro One in a research note on Thursday, May 14th. Scotiabank reissued a “sector perform” rating on shares of Hydro One in a report on Thursday, May 14th. Finally, BMO Capital Markets restated a “market perform” rating on shares of Hydro One in a research report on Thursday, May 14th. Six equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Hydro One presently has an average rating of “Reduce”.

Hydro One Company Profile

Hydro One Ltd. is a Canadian electricity transmission and distribution utility headquartered in Toronto, Ontario. The company operates the largest high-voltage transmission network in the province, delivering power from generating stations to local distributors, municipalities and major industrial customers. In addition to its transmission business, Hydro One provides distribution services to a wide range of residential, commercial and industrial end users, maintaining poles, wires and related infrastructure that connect approximately 1.4 million customers across urban and rural communities.

Tracing its origins to the Ontario Hydro Electric Power Commission established in 1906, Hydro One emerged in its current form following the restructuring of Ontario’s vertically integrated power authority in the late 1990s and early 2000s.