FY2026 Earnings Forecast for Hydro One Issued By Scotiabank

Hydro One Limited (TSE:H) – Analysts at Scotiabank upped their FY2026 earnings per share estimates for shares of Hydro One in a research report issued on Thursday, February 19th. Scotiabank analyst R. Hope now forecasts that the company will earn $2.24 per share for the year, up from their prior forecast of $2.20. The consensus estimate for Hydro One’s current full-year earnings is $2.06 per share. Scotiabank also issued estimates for Hydro One’s FY2027 earnings at $2.34 EPS.

Hydro One (TSE:H) last issued its quarterly earnings data on Friday, February 13th. The company reported C$0.39 earnings per share (EPS) for the quarter. The firm had revenue of C$981.00 million during the quarter. Hydro One had a return on equity of 9.58% and a net margin of 13.59%.

Other equities analysts also recently issued reports about the stock. Jefferies Financial Group dropped their target price on shares of Hydro One from C$52.00 to C$50.00 in a research note on Wednesday, January 28th. National Bank Financial raised their price target on shares of Hydro One from C$49.00 to C$53.00 and gave the company a “sector perform” rating in a report on Wednesday, December 17th. Raymond James Financial upped their price objective on Hydro One from C$49.00 to C$53.50 and gave the stock a “market perform” rating in a report on Friday, October 24th. Finally, TD Securities increased their price objective on Hydro One from C$56.00 to C$57.00 and gave the company a “hold” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$53.35.

Hydro One Stock Performance

Hydro One stock opened at C$56.67 on Friday. Hydro One has a 12-month low of C$43.90 and a 12-month high of C$57.63. The stock has a 50-day simple moving average of C$54.20 and a 200 day simple moving average of C$52.29. 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 stock has a market capitalization of C$33.99 billion, a price-to-earnings ratio of 25.41, a P/E/G ratio of 3.17 and a beta of 0.22.

Hydro One Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were paid a $0.3331 dividend. The ex-dividend date was Wednesday, December 10th. This represents a $1.33 annualized dividend and a dividend yield of 2.4%. Hydro One’s payout ratio is presently 58.90%.

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. The province of Ontario holds an approximate 47% common equity stake.