FY2026 Earnings Forecast for Hydro One Issued By Scotiabank

Hydro One Limited (TSE:H) – Equities research analysts at Scotiabank cut their FY2026 earnings per share estimates for Hydro One in a research report issued to clients and investors on Wednesday, November 11th. Scotiabank analyst R. Hope now expects that the company will post earnings of $2.29 per share for the year, down from their prior forecast of $2.32. The consensus estimate for Hydro One’s current full-year earnings is $2.06 per share.

A number of other equities analysts also recently weighed in on the stock. TD boosted their target price on shares of Hydro One from C$58.00 to C$59.00 and gave the stock a “hold” rating in a research note on Wednesday. National Bank Financial increased their price target on shares of Hydro One from C$61.00 to C$62.00 and gave the company a “sector perform” rating in a research note on Thursday. Canadian Imperial Bank of Commerce lowered their price target on shares of Hydro One from C$59.00 to C$56.00 in a report on Tuesday, September 22nd. Barclays lowered their price target on shares of Hydro One from C$63.00 to C$61.00 in a report on Thursday, August 13th. Finally, Desjardins boosted their price objective on shares of Hydro One from C$61.00 to C$63.00 and gave the stock a “buy” rating in a research report on Wednesday. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$57.92.

Hydro One Stock Up 0.1%

Shares of TSE:H opened at C$57.08 on Friday. The company has a quick ratio of 0.30, a current ratio of 0.69 and a debt-to-equity ratio of 149.86. The firm has a market cap of C$34.25 billion, a P/E ratio of 24.19, a P/E/G ratio of 3.17 and a beta of 0.40. Hydro One has a 12 month low of C$50.14 and a 12 month high of C$60.57. The company’s 50-day moving average price is C$53.02 and its two-hundred day moving average price is C$56.28.

Hydro One (TSE:H) last issued its quarterly earnings results on Tuesday, November 10th. The company reported C$0.68 earnings per share (EPS) for the quarter. Hydro One had a net margin of 14.49% and a return on equity of 10.89%. The business had revenue of C$1.29 billion for the quarter.

Hydro One Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th were given a $0.3531 dividend. This represents a $1.41 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Wednesday, September 9th. Hydro One’s dividend payout ratio (DPR) is currently 57.31%.

Recent Hydro One Headlines

Here are a few of the latest headlines about H:

• Positive Sentiment: Desjardins raised its target to C$63 from C$61 and reiterated its buy rating, implying about 10.4% upside at the price cited in the report. Desjardins analyst recommendations
• Neutral Sentiment: National Bank Financial raised its target to C$62 from C$61 but maintained a sector perform rating, indicating a more measured outlook. National Bank Financial analyst recommendations
• Neutral Sentiment: Recent coverage also includes Hydro One’s Q3 2026 earnings-call transcript and an article explaining the route selected for its Windsor-to-Lakeshore power line. The provided headlines do not specify financial or project details that would clarify their impact. Q3 2026 earnings call transcript Windsor-to-Lakeshore power line route article

Hydro One Company Profile

Hydro One Limited, through its wholly-owned subsidiaries, is Ontario’s largest electricity transmission and distribution provider with 1.5 million valued customers, $39.7 billion in assets as at December 31, 2025, and annual revenues in 2025 of $9 billion. Our team of 9,600 skilled and dedicated employees proudly build and maintain a safe and reliable electricity system which is essential to supporting strong and successful communities. In 2025, Hydro One invested $3.4 billion in its transmission and distribution networks, and supported the economy through buying $3 billion of goods and services.