FY2025 Earnings Estimate for Hydro One Issued By Desjardins

Hydro One Limited (TSE:H) – Research analysts at Desjardins issued their FY2025 earnings per share estimates for shares of Hydro One in a research report issued on Monday, May 5th. Desjardins analyst B. Stadler anticipates that the company will post earnings per share of $2.06 for the year. Desjardins has a “Buy” rating and a $58.00 price objective on the stock. The consensus estimate for Hydro One’s current full-year earnings is $2.06 per share. Desjardins also issued estimates for Hydro One’s FY2026 earnings at $2.20 EPS, FY2027 earnings at $2.30 EPS, FY2028 earnings at $2.40 EPS and FY2029 earnings at $2.61 EPS.

H has been the topic of a number of other research reports. Jefferies Financial Group increased their price target on Hydro One from C$45.00 to C$49.00 and gave the company a “hold” rating in a research report on Tuesday, April 15th. Scotiabank boosted their price target on shares of Hydro One from C$45.00 to C$46.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. Raymond James dropped their price objective on shares of Hydro One from C$48.00 to C$45.00 and set a “market perform” rating on the stock in a research report on Thursday, April 17th. Royal Bank of Canada boosted their target price on shares of Hydro One from C$43.00 to C$46.00 in a research note on Friday, February 21st. Finally, CIBC raised their price target on Hydro One from C$46.00 to C$49.00 in a research note on Friday, April 4th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Hydro One currently has a consensus rating of “Hold” and a consensus price target of C$47.56.

Hydro One Stock Up 1.1 %

Shares of TSE H opened at C$53.48 on Wednesday. The company has a quick ratio of 0.30, a current ratio of 0.58 and a debt-to-equity ratio of 140.53. The business’s 50 day moving average is C$49.40 and its two-hundred day moving average is C$46.40. Hydro One has a 52-week low of C$38.24 and a 52-week high of C$53.81. The firm has a market cap of C$32.06 billion, a price-to-earnings ratio of 28.20, a PEG ratio of 3.17 and a beta of 0.34.

Hydro One Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were given a $0.3142 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.35%. This is a boost from Hydro One’s previous quarterly dividend of $0.31. Hydro One’s dividend payout ratio (DPR) is currently 66.44%.

About Hydro One

Hydro One operates regulated transmission and distribution assets in Ontario. The area’s largest electricity provider serves nearly 1.5 million customers. Transmission accounts for roughly 60% of the company’s rate base, with distribution accounting for the remainder. Hydro One operates a small telecom business, Acronym Solutions, with annual revenue contributing less than 1% to consolidated results.