Hydro One (HRNNF) Expected to Announce Earnings on Wednesday

Hydro One (OTCMKTS:HRNNF) is projected to post its results before the market opens on Wednesday, May 13th. Analysts expect Hydro One to post earnings of $0.4562 per share and revenue of $1.7883 billion for the quarter.

Hydro One (OTCMKTS:HRNNF) last posted its quarterly earnings data on Friday, February 13th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $2.49 billion. Hydro One had a return on equity of 10.72% and a net margin of 14.82%.

Hydro One Stock Up 1.3%

Hydro One stock opened at $43.65 on Wednesday. The stock has a market cap of $26.18 billion and a PE ratio of 55.25. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.61 and a current ratio of 0.61. Hydro One has a one year low of $33.56 and a one year high of $44.02. The stock has a fifty day moving average of $42.41 and a 200 day moving average of $40.01.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Hydro One in a research report on Monday, April 20th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Hydro One in a report on Tuesday, February 17th. TD Securities reaffirmed a “hold” rating on shares of Hydro One in a report on Wednesday, February 18th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Hydro One in a report on Tuesday, February 17th. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Hydro One Company Profile

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.