FY2024 EPS Estimates for Hydro One Limited Increased by Analyst (TSE:H)

Hydro One Limited (TSE:H) – Equities research analysts at Raymond James lifted their FY2024 earnings per share (EPS) estimates for shares of Hydro One in a research note issued to investors on Wednesday, August 14th. Raymond James analyst D. Quezada now expects that the company will earn $1.92 per share for the year, up from their previous forecast of $1.91. The consensus estimate for Hydro One’s current full-year earnings is $1.92 per share. Raymond James also issued estimates for Hydro One’s Q1 2025 earnings at $0.50 EPS and FY2025 earnings at $2.03 EPS.

H has been the subject of a number of other reports. National Bankshares raised their price target on Hydro One from C$39.00 to C$40.00 in a research report on Thursday. CIBC raised their price target on Hydro One from C$41.00 to C$44.00 in a research report on Thursday. BMO Capital Markets downgraded Hydro One from an “outperform” rating to a “market perform” rating in a research report on Thursday. Finally, Scotiabank lowered their price target on Hydro One from C$40.00 to C$38.00 and set a “sector perform” rating for the company in a research report on Monday, April 22nd. Nine investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$40.33.

Hydro One Stock Down 0.3 %

Shares of H opened at C$44.28 on Friday. The stock has a market capitalization of C$26.54 billion, a price-to-earnings ratio of 24.20, a price-to-earnings-growth ratio of 2.90 and a beta of 0.29. Hydro One has a 1 year low of C$32.79 and a 1 year high of C$44.68. The business’s 50 day simple moving average is C$41.01 and its 200-day simple moving average is C$40.24. The company has a debt-to-equity ratio of 141.04, a current ratio of 0.63 and a quick ratio of 0.30.

Hydro One (TSE:H) last issued its quarterly earnings data on Tuesday, May 14th. The company reported C$0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.48 by C$0.01. The business had revenue of C$2.17 billion for the quarter. Hydro One had a return on equity of 9.45% and a net margin of 13.81%.

Hydro One Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Wednesday, September 11th will be paid a dividend of $0.314 per share. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a $1.26 annualized dividend and a dividend yield of 2.84%. Hydro One’s dividend payout ratio is currently 68.85%.

About Hydro One

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.