Hydro One (OTCMKTS:HRNNF) Releases Earnings Results, Meets Estimates

Hydro One (OTCMKTS:HRNNF) posted its earnings results on Tuesday. The company reported $0.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.49, Zacks reports. Hydro One had a net margin of 14.88% and a return on equity of 11.02%.

Hydro One Price Performance

HRNNF remained flat at $40.89 on Tuesday. The company’s stock had a trading volume of 128,719 shares, compared to its average volume of 96,440. The firm’s fifty day moving average is $37.55 and its 200-day moving average is $40.46. The stock has a market capitalization of $24.54 billion and a price-to-earnings ratio of 23.91. Hydro One has a 12 month low of $35.46 and a 12 month high of $44.02. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.49.

Analyst Upgrades and Downgrades

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