Desjardins Issues Optimistic Forecast for Hydro One Earnings

Hydro One Limited (TSE:H) – Research analysts at Desjardins raised their FY2025 earnings per share (EPS) estimates for shares of Hydro One in a research report issued on Thursday, November 13th. Desjardins analyst B. Stadler now forecasts that the company will post earnings of $2.19 per share for the year, up from their previous forecast of $2.17. Desjardins currently has a “Buy” rating and a $58.00 target price on the stock. The consensus estimate for Hydro One’s current full-year earnings is $2.06 per share.

Other equities research analysts also recently issued reports about the stock. CIBC lifted their price target on shares of Hydro One from C$52.00 to C$54.00 in a research report on Tuesday, October 21st. Raymond James Financial lifted their price objective on Hydro One from C$49.00 to C$53.50 and gave the company a “market perform” rating in a report on Friday, October 24th. National Bankshares increased their target price on Hydro One from C$47.00 to C$48.00 and gave the stock a “sector perform” rating in a report on Thursday, August 14th. Finally, TD Securities raised their price target on Hydro One from C$52.00 to C$54.00 and gave the stock a “hold” rating in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of C$51.75.

Hydro One Stock Performance

Shares of TSE:H opened at C$53.89 on Monday. Hydro One has a 12-month low of C$42.52 and a 12-month high of C$54.10. The company’s 50 day moving average price is C$50.69 and its two-hundred day moving average price is C$50.14. The firm has a market cap of C$32.32 billion, a PE ratio of 25.78, a PEG ratio of 3.17 and a beta of 0.31. The company has a quick ratio of 0.30, a current ratio of 0.58 and a debt-to-equity ratio of 140.53.

Hydro One (TSE:H) last released its quarterly earnings results on Thursday, November 13th. The company reported C$0.70 earnings per share for the quarter. The firm had revenue of C$2.30 billion during the quarter. Hydro One had a return on equity of 9.58% and a net margin of 13.59%.

Hydro One Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 29th were given a $0.3331 dividend. This represents a $1.33 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Wednesday, September 10th. Hydro One’s dividend payout ratio (DPR) is currently 61.04%.

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.