FY2024 EPS Estimates for Hydro One Reduced by Raymond James

Hydro One Limited (TSE:H) – Analysts at Raymond James cut their FY2024 earnings per share estimates for Hydro One in a research note issued on Friday, November 8th. Raymond James analyst D. Quezada now expects that the company will post earnings per share of $1.91 for the year, down from their prior estimate of $1.92. The consensus estimate for Hydro One’s current full-year earnings is $2.06 per share. Raymond James also issued estimates for Hydro One’s Q4 2024 earnings at $0.32 EPS.

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

Other analysts also recently issued research reports about the company. Wells Fargo & Company upped their price target on Hydro One from C$42.00 to C$46.00 in a research note on Monday, August 19th. Royal Bank of Canada lifted their price target on shares of Hydro One from C$41.00 to C$43.00 and gave the company a “sector perform” rating in a research report on Thursday, October 3rd. CIBC upped their price objective on shares of Hydro One from C$41.00 to C$44.00 in a report on Thursday, August 15th. BMO Capital Markets lifted their target price on shares of Hydro One from C$42.00 to C$44.00 in a report on Thursday, September 5th. Finally, National Bankshares upped their price target on shares of 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. Eight research analysts have rated the stock with a hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$43.00.

Hydro One Trading Up 0.3 %

Shares of TSE:H opened at C$44.61 on Monday. Hydro One has a 1 year low of C$37.04 and a 1 year high of C$48.05. The firm has a fifty day moving average price of C$45.65 and a 200 day moving average price of C$42.41. The company has a current ratio of 0.40, a quick ratio of 0.30 and a debt-to-equity ratio of 137.11. The stock has a market capitalization of C$26.74 billion, a PE ratio of 23.86, a P/E/G ratio of 3.17 and a beta of 0.34.

Hydro One Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Wednesday, December 11th will be issued a dividend of $0.314 per share. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $1.26 annualized dividend and a dividend yield of 2.82%. Hydro One’s payout ratio is 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.