Hydro One (OTCMKTS:HRNNF) Issues Quarterly Earnings Results, Meets Estimates

Hydro One (OTCMKTS:HRNNF) announced its earnings results on Tuesday. The company reported $0.49 EPS for the quarter, hitting the consensus estimate of $0.49, Zacks reports. Hydro One had a net margin of 14.88% and a return on equity of 11.02%. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.66 billion.

Hydro One Stock Performance

Shares of HRNNF stock opened at $40.53 on Wednesday. Hydro One has a 52 week low of $35.46 and a 52 week high of $44.02. The company has a market capitalization of $24.32 billion and a price-to-earnings ratio of 23.91. The company has a 50-day simple moving average of $37.59 and a 200 day simple moving average of $40.47. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.88 and a current ratio of 0.88.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on HRNNF shares. Jefferies Financial Group reissued an “underperform” rating on shares of Hydro One in a research report on Wednesday, August 19th. BMO Capital Markets restated a “market perform” rating on shares of Hydro One in a research note on Thursday, August 13th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Hydro One in a research report on Wednesday, October 28th. Barclays reiterated an “overweight” rating on shares of Hydro One in a research note on Friday, October 16th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Hydro One in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Hydro One Company Profile

Hydro One is an electricity transmission and distribution utility serving communities across Ontario, Canada. The company transports electricity over high-voltage transmission lines and delivers it through local distribution networks to homes and businesses. Its activities include operating, maintaining and upgrading electricity infrastructure, as well as planning and building transmission and distribution facilities. Hydro One also provides related services to support the reliability of the province’s electricity system.