FY2025 EPS Forecast for Hydro One Raised by Analyst

Hydro One Limited (TSE:H) – Equities research analysts at National Bank Financial increased their FY2025 earnings per share (EPS) estimates for Hydro One in a research note issued on Wednesday, August 13th. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings of $2.09 per share for the year, up from their previous estimate of $2.03. The consensus estimate for Hydro One’s current full-year earnings is $2.06 per share.

Other analysts also recently issued research reports about the company. CIBC lowered their target price on Hydro One from C$52.00 to C$51.00 in a research report on Monday, July 21st. BMO Capital Markets boosted their price target on Hydro One from C$46.00 to C$50.00 and gave the stock a “market perform” rating in a research report on Friday, May 9th. Desjardins set a C$58.00 price target on Hydro One and gave the stock a “buy” rating in a research report on Tuesday, August 12th. Wells Fargo & Company boosted their price target on Hydro One from C$47.00 to C$52.00 in a research report on Friday, May 9th. Finally, National Bankshares boosted their price target on Hydro One from C$47.00 to C$48.00 and gave the stock a “sector perform” rating in a research report on Thursday. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$51.00.

Hydro One Stock Performance

Shares of Hydro One stock opened at C$50.87 on Friday. The company has a debt-to-equity ratio of 140.53, a current ratio of 0.58 and a quick ratio of 0.30. The stock’s 50-day moving average is C$49.20 and its 200-day moving average is C$48.81. The firm has a market cap of C$30.50 billion, a price-to-earnings ratio of 26.82, a price-to-earnings-growth ratio of 3.17 and a beta of 0.34. Hydro One has a one year low of C$42.52 and a one year high of C$53.98.

Hydro One Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Wednesday, September 10th will be issued a $0.3331 dividend. This represents a $1.33 dividend on an annualized basis and a yield of 2.6%. Hydro One’s payout ratio is 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.