Equities Analysts Set Expectations for Hydro One Q3 Earnings

Hydro One Limited (TSE:H) – Analysts at National Bank Financial issued their Q3 2024 earnings per share estimates for Hydro One in a research note issued to investors on Wednesday, October 23rd. National Bank Financial analyst P. Kenny forecasts that the company will post earnings per share of $0.60 for the quarter. The consensus estimate for Hydro One’s current full-year earnings is $2.06 per share.

Hydro One (TSE:H) last posted its quarterly earnings data on Wednesday, August 14th. The company reported C$0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.48 by C$0.01. The firm had revenue of C$2.03 billion for the quarter. Hydro One had a net margin of 13.85% and a return on equity of 9.61%.

A number of other equities research analysts have also weighed in on H. BMO Capital Markets boosted their price objective on shares of Hydro One from C$42.00 to C$44.00 in a report on Thursday, September 5th. Wells Fargo & Company increased their price objective on Hydro One from C$42.00 to C$46.00 in a report on Monday, August 19th. Raymond James raised their price objective on Hydro One from C$41.00 to C$45.00 in a research note on Thursday, September 19th. National Bankshares upped their target price on Hydro One from C$40.00 to C$45.00 and gave the company a “sector perform” rating in a research report on Friday, August 23rd. Finally, Royal Bank of Canada raised their price target on shares of 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. Eight investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$43.00.

Hydro One Trading Down 0.3 %

Shares of Hydro One stock opened at C$45.39 on Friday. The firm’s 50 day simple moving average is C$45.61 and its two-hundred day simple moving average is C$42.00. The firm has a market capitalization of C$27.21 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 3.17 and a beta of 0.34. Hydro One has a 12-month low of C$35.02 and a 12-month high of C$48.05. The company has a current ratio of 0.40, a quick ratio of 0.30 and a debt-to-equity ratio of 137.11.

Hydro One Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were paid a $0.314 dividend. This represents a $1.26 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend was Wednesday, September 11th. Hydro One’s dividend payout ratio is currently 67.38%.

Hydro One Company Profile

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.