Brokers Offer Predictions for Hydro One Limited’s Q1 2022 Earnings (TSE:H)

Hydro One Limited (TSE:H – Get Rating) – National Bank Financial issued their Q1 2022 earnings per share (EPS) estimates for shares of Hydro One in a research note issued on Monday, April 25th. National Bank Financial analyst P. Kenny anticipates that the company will earn $0.52 per share for the quarter.

Several other research firms also recently issued reports on H. CSFB downgraded shares of Hydro One from a “neutral” rating to an “underperform” rating and upped their price objective for the company from C$34.00 to C$36.00 in a research note on Wednesday, April 13th. Credit Suisse Group downgraded shares of Hydro One to an “underperform” rating and set a C$34.00 price objective for the company. in a research note on Wednesday, April 13th. Raymond James set a C$32.00 price objective on shares of Hydro One and gave the company a “market perform” rating in a research note on Monday, February 28th. Scotiabank upped their price objective on shares of Hydro One from C$32.00 to C$34.00 in a research note on Tuesday, April 19th. Finally, CIBC upped their price objective on shares of 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 issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$32.96.

TSE:H opened at C$35.51 on Thursday. The firm has a market capitalization of C$21.25 billion and a PE ratio of 22.06. The business’s fifty day moving average price is C$33.37 and its 200 day moving average price is C$32.12. The company has a debt-to-equity ratio of 134.23, a current ratio of 0.61 and a quick ratio of 0.51. Hydro One has a 12 month low of C$29.13 and a 12 month high of C$36.09.

Hydro One (TSE:H – Get Rating) last posted its earnings results on Friday, February 25th. The company reported C$0.26 EPS for the quarter, meeting the consensus estimate of C$0.26. The business had revenue of C$1.78 billion during 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 of this dividend was Wednesday, February 23rd. This represents a $1.06 annualized dividend and a dividend yield of 3.00%. Hydro One’s dividend payout ratio (DPR) is 65.37%.

Hydro One Company Profile (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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