Hydro One (TSE:H – Get Free Report) will be issuing its quarterly earnings data after the market closes on Wednesday, August 14th. Analysts expect the company to announce earnings of C$0.47 per share for the quarter.
Hydro One (TSE:H – Get Free Report) last announced its earnings results on Tuesday, May 14th. The company reported C$0.49 earnings per share for the quarter, topping the consensus estimate of C$0.48 by C$0.01. Hydro One had a net margin of 13.81% and a return on equity of 9.45%. The business had revenue of C$2.17 billion during the quarter.
Hydro One Stock Performance
TSE H opened at C$43.76 on Tuesday. The firm has a market cap of C$26.23 billion, a P/E ratio of 23.91, a P/E/G ratio of 2.90 and a beta of 0.29. Hydro One has a 52-week low of C$32.79 and a 52-week high of C$44.16. The business’s 50-day moving average price is C$40.85 and its 200 day moving average price is C$40.18. The company has a quick ratio of 0.30, a current ratio of 0.63 and a debt-to-equity ratio of 141.04.
Hydro One Increases Dividend
Wall Street Analyst Weigh In
Several brokerages recently weighed in on H. National Bankshares increased their price target on Hydro One from C$38.00 to C$39.00 in a report on Wednesday, May 15th. CIBC raised their target price on shares of Hydro One from C$40.50 to C$41.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Finally, Scotiabank lowered their target price on shares of Hydro One from C$40.00 to C$38.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$39.89.
View Our Latest Stock Report on H
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.
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