Hydro One (OTCMKTS:HRNNF) Posts Earnings Results

Hydro One (OTCMKTS:HRNNF) announced its quarterly earnings data on Friday. The company reported $0.28 earnings per share (EPS) for the quarter, Zacks reports. Hydro One had a return on equity of 10.52% and a net margin of 14.74%.

Hydro One Price Performance

OTCMKTS HRNNF traded up $0.90 during trading on Friday, hitting $42.08. 809 shares of the stock traded hands, compared to its average volume of 65,916. The company has a market capitalization of $25.24 billion and a P/E ratio of 56.11. The firm has a 50-day simple moving average of $39.03 and a 200-day simple moving average of $37.49. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 1.30. Hydro One has a 12-month low of $30.90 and a 12-month high of $42.08.

Analysts Set New Price Targets

A number of research firms have weighed in on HRNNF. TD Securities reiterated a “hold” rating on shares of Hydro One in a research report on Friday, November 14th. BMO Capital Markets restated a “market perform” rating on shares of Hydro One in a research note on Friday, November 14th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Hydro One in a report on Friday, November 14th. Finally, Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Hydro One in a report on Tuesday, October 21st. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold”.

About Hydro One

Hydro One Ltd. is a Canadian electricity transmission and distribution utility headquartered in Toronto, Ontario. The company operates the largest high-voltage transmission network in the province, delivering power from generating stations to local distributors, municipalities and major industrial customers. In addition to its transmission business, Hydro One provides distribution services to a wide range of residential, commercial and industrial end users, maintaining poles, wires and related infrastructure that connect approximately 1.4 million customers across urban and rural communities.

Tracing its origins to the Ontario Hydro Electric Power Commission established in 1906, Hydro One emerged in its current form following the restructuring of Ontario’s vertically integrated power authority in the late 1990s and early 2000s.