Hydro One (OTCMKTS:HRNNF) Issues Earnings Results

Hydro One (OTCMKTS:HRNNF) released its quarterly earnings data on Tuesday. The company reported $0.49 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.49, Zacks reports. Hydro One had a net margin of 14.88% and a return on equity of 11.02%.

Hydro One Stock Performance

OTCMKTS:HRNNF remained flat at $40.89 during trading hours on Tuesday. 128,719 shares of the company’s stock were exchanged, compared to its average volume of 96,440. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a fifty day moving average of $37.55 and a 200-day moving average of $40.46. The firm has a market cap of $24.54 billion and a price-to-earnings ratio of 23.91. Hydro One has a 52 week low of $35.46 and a 52 week high of $44.02.

Analyst Ratings Changes

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