National Bank Financial Comments on Hydro One Q3 Earnings

Hydro One Limited (TSE:H) – Equities research analysts at National Bank Financial issued their Q3 2024 earnings per share (EPS) estimates for shares of Hydro One in a research report issued on Wednesday, October 23rd. National Bank Financial analyst P. Kenny forecasts that the company will post earnings per share of $0.60 for the quarter. The consensus estimate for Hydro One’s current full-year earnings is $2.06 per share.

Hydro One (TSE:H) last posted its quarterly earnings data on Wednesday, August 14th. The company reported C$0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.48 by C$0.01. The company had revenue of C$2.03 billion for the quarter. Hydro One had a net margin of 13.85% and a return on equity of 9.61%.

Other equities analysts also recently issued reports about the stock. Wells Fargo & Company increased their price objective on shares of Hydro One from C$42.00 to C$46.00 in a research note on Monday, August 19th. Raymond James raised their price target on Hydro One from C$41.00 to C$45.00 in a research note on Thursday, September 19th. CIBC boosted their price target on Hydro One from C$41.00 to C$44.00 in a research report on Thursday, August 15th. National Bankshares increased their price objective on Hydro One from C$40.00 to C$45.00 and gave the company a “sector perform” rating in a report on Friday, August 23rd. Finally, BMO Capital Markets boosted their target price on shares of Hydro One from C$42.00 to C$44.00 in a report on Thursday, September 5th. Eight research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Hydro One currently has an average rating of “Hold” and a consensus price target of C$43.00.

Hydro One Stock Down 0.5 %

Hydro One stock opened at C$45.53 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.30 and a debt-to-equity ratio of 137.11. Hydro One has a 1-year low of C$34.56 and a 1-year high of C$48.05. The company has a fifty day simple moving average of C$45.57 and a 200 day simple moving average of C$41.93. The company has a market cap of C$27.29 billion, a P/E ratio of 24.35, a price-to-earnings-growth ratio of 3.17 and a beta of 0.34.

Hydro One Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were issued a dividend of $0.314 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend was Wednesday, September 11th. Hydro One’s payout ratio is presently 67.38%.

Hydro One Company Profile

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.