Hydro One (TSE:H) will issue its quarterly earnings data before the market opens on Friday, May 7th. Analysts expect the company to announce earnings of C$0.19 per share for the quarter.
Hydro One (TSE:H) last posted its quarterly earnings data on Wednesday, February 24th. The company reported C$0.27 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of C$0.27. The business had revenue of C$1.87 billion during the quarter.
H stock opened at C$29.76 on Wednesday. The stock’s fifty day simple moving average is C$29.77 and its two-hundred day simple moving average is C$29.18. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 135.86. Hydro One has a 1-year low of C$24.64 and a 1-year high of C$31.05. The stock has a market cap of C$17.78 billion and a P/E ratio of 10.09.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Wednesday, March 31st were given a $0.2536 dividend. The ex-dividend date was Tuesday, March 16th. This represents a $1.01 annualized dividend and a yield of 3.41%. Hydro One’s dividend payout ratio is currently 33.98%.
Several brokerages have issued reports on H. CIBC restated an “outperform” rating and issued a C$32.00 target price on shares of Hydro One in a research note on Friday, April 9th. National Bank Financial restated a “sector perform” rating and issued a C$31.00 target price (down from C$32.00) on shares of Hydro One in a research note on Thursday, February 25th. Finally, Raymond James lowered Hydro One from an “outperform” rating to a “market perform” rating and set a C$32.00 price objective on the stock. in a research note on Wednesday, April 28th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Hydro One currently has a consensus rating of “Hold” and an average price target of C$30.29.
Hydro One Company Profile
Hydro One Limited, through its subsidiaries, operates as an electricity transmission and distribution company in Ontario. It operates through three segments: Transmission Business, Distribution Business, and Other. The company owns and operates approximately 30,000 circuit kilometers (KMs) of high-voltage transmission lines and 124,000 circuit KMs of primary low-voltage distribution network.
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