Hydro One (HRNNF) Projected to Release Earnings on Tuesday

Hydro One (OTCMKTS:HRNNF) is projected to announce its results before the market opens on Tuesday, November 10th. Analysts expect the company to announce earnings of $0.4907 per share and revenue of $1.66 billion for the quarter.

Hydro One (OTCMKTS:HRNNF) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.05. Hydro One had a return on equity of 11.02% and a net margin of 14.88%. The company had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.58 billion.

Hydro One Price Performance

HRNNF stock traded down $0.07 during mid-day trading on Tuesday, hitting $39.86. The stock had a trading volume of 380 shares, compared to its average volume of 119,090. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.49. Hydro One has a 52 week low of $35.46 and a 52 week high of $44.02. The firm has a market capitalization of $23.92 billion and a P/E ratio of 23.31. The firm has a fifty day simple moving average of $37.31 and a 200 day simple moving average of $40.39.

Analyst Upgrades and Downgrades

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

About Hydro One

Hydro One Limited is an electricity transmission and distribution company based in Ontario, Canada. Through its operating subsidiaries, including Hydro One Networks Inc, the company owns and operates a large transmission network and provides electricity distribution services to residential, commercial and industrial customers across the province.

The company’s activities include transporting high-voltage electricity from generating facilities to local utilities and large customers, distributing electricity through local networks, and maintaining and upgrading transmission and distribution infrastructure.