Brokers Issue Forecasts for Hydro One Limited’s Q1 2022 Earnings (TSE:H)

Hydro One Limited (TSE:HGet Rating) – Equities research analysts at National Bank Financial issued their Q1 2022 earnings per share estimates for Hydro One in a report issued on Monday, April 25th. National Bank Financial analyst P. Kenny forecasts that the company will earn $0.52 per share for the quarter.

A number of other research analysts also recently issued reports on H. Scotiabank increased their price objective on Hydro One from C$32.00 to C$34.00 in a report on Tuesday, April 19th. Raymond James set a C$32.00 price objective on Hydro One and gave the stock a “market perform” rating in a report on Monday, February 28th. CSFB downgraded Hydro One from a “neutral” rating to an “underperform” rating and raised their price target for the company from C$34.00 to C$36.00 in a research note on Wednesday, April 13th. Credit Suisse Group downgraded Hydro One to an “underperform” rating and set a C$34.00 price target for the company. in a research note on Wednesday, April 13th. Finally, CIBC raised their price target on Hydro One from C$35.00 to C$36.00 in a research note on Thursday, April 21st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$32.96.

TSE:H opened at C$35.51 on Thursday. The company has a debt-to-equity ratio of 134.23, a quick ratio of 0.51 and a current ratio of 0.61. The company has a market cap of C$21.25 billion and a PE ratio of 22.06. Hydro One has a 52-week low of C$29.13 and a 52-week high of C$36.09. The stock has a 50-day simple moving average of C$33.37 and a 200 day simple moving average of C$32.12.

Hydro One (TSE:HGet Rating) last posted its quarterly earnings data on Friday, February 25th. The company reported C$0.26 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of C$0.26. The firm had revenue of C$1.78 billion for the quarter.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Thursday, February 24th were paid a dividend of $0.266 per share. The ex-dividend date was Wednesday, February 23rd. This represents a $1.06 annualized dividend and a dividend yield of 3.00%. Hydro One’s dividend payout ratio is currently 65.37%.

About Hydro One (Get Rating)

Hydro One Limited, through its subsidiaries, operates as an electricity transmission and distribution company in Ontario. It operates through three segments: Transmission Business, Distribution Business, and Other. The company owns and operates approximately 30,000 circuit kilometers of high-voltage transmission lines and 125,000 circuit kilometers of primary low-voltage distribution network.

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