Hydro One (H) Set to Announce Quarterly Earnings on Tuesday

Hydro One (TSE:H) is scheduled to release its earnings data before the market opens on Tuesday, May 14th. Analysts expect the company to announce earnings of C$0.50 per share for the quarter.

Hydro One (TSE:H) last issued its earnings results on Tuesday, February 13th. The company reported C$0.30 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.30. Hydro One had a net margin of 13.83% and a return on equity of 9.45%. The company had revenue of C$1.98 billion for the quarter.

Hydro One Price Performance

Shares of TSE:H opened at C$39.70 on Tuesday. The company has a market cap of C$23.78 billion, a PE ratio of 21.93, a P/E/G ratio of 2.90 and a beta of 0.29. Hydro One has a fifty-two week low of C$32.79 and a fifty-two week high of C$41.69. The firm has a 50-day simple moving average of C$39.53 and a 200 day simple moving average of C$39.00. The company has a quick ratio of 0.30, a current ratio of 0.50 and a debt-to-equity ratio of 133.77.

Hydro One Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 28th were given a dividend of $0.296 per share. The ex-dividend date was Tuesday, March 12th. This represents a $1.18 dividend on an annualized basis and a yield of 2.98%. Hydro One’s dividend payout ratio is currently 65.75%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Scotiabank decreased their price objective on Hydro One from C$40.00 to C$38.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. Raymond James lifted their price objective on shares of Hydro One from C$40.00 to C$41.00 and gave the company a “market perform” rating in a research note on Wednesday, February 14th. National Bankshares increased their target price on shares of Hydro One from C$35.00 to C$38.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 30th. CIBC dropped their price target on shares of Hydro One from C$40.00 to C$39.00 and set a “neutral” rating on the stock in a research report on Friday, April 19th. Finally, Royal Bank of Canada upped their price target on shares of Hydro One from C$37.00 to C$41.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 14th. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$39.56.

About Hydro One

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.