FY2026 Earnings Estimate for Hydro One Issued By Scotiabank

Key Points

• Scotiabank cut its FY2026 EPS estimate for Hydro One to C$2.29 from C$2.32, still above the broader consensus estimate of C$2.06.
• Hydro One reported quarterly EPS of C$0.68 on revenue of C$1.29 billion; its net margin was 14.49%.
• Analyst sentiment remains mostly neutral: the consensus rating is Hold, with an average price target of C$57.92. Several firms raised their targets, while maintaining ratings ranging from Buy to Hold or Sector Perform.

Hydro One Limited (TSE:H - Free Report) - Research analysts at Scotiabank decreased their FY2026 earnings per share (EPS) estimates for Hydro One in a note issued to investors on Wednesday, November 11th. Scotiabank analyst R. Hope now expects that the company will earn $2.29 per share for the year, down from their prior estimate of $2.32. The consensus estimate for Hydro One's current full-year earnings is $2.06 per share.

Hydro One (TSE:H - Get Free Report) last posted its quarterly earnings results on Tuesday, November 10th. The company reported C$0.68 earnings per share for the quarter. The firm had revenue of C$1.29 billion for the quarter. Hydro One had a net margin of 14.49% and a return on equity of 10.89%.

Other analysts have also issued reports about the stock. BMO Capital Markets lifted their target price on shares of Hydro One from C$55.00 to C$58.00 and gave the company a "market perform" rating in a research report on Wednesday. Desjardins upped their target price on shares of Hydro One from C$61.00 to C$63.00 and gave the company a "buy" rating in a research note on Wednesday. National Bank Financial increased their price target on shares of Hydro One from C$61.00 to C$62.00 and gave the stock a "sector perform" rating in a research report on Thursday. TD raised their price target on shares of Hydro One from C$58.00 to C$59.00 and gave the stock a "hold" rating in a research note on Wednesday. Finally, Royal Bank Of Canada lifted their price objective on Hydro One from C$58.00 to C$60.00 and gave the company a "sector perform" rating in a report on Thursday, August 13th. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of C$57.92.

Hydro One Trading Up 0.1%

Shares of H stock opened at C$57.08 on Friday. Hydro One has a 52-week low of C$50.14 and a 52-week high of C$60.57. The stock has a market cap of C$34.25 billion, a price-to-earnings ratio of 24.19, a P/E/G ratio of 3.17 and a beta of 0.40. The company has a debt-to-equity ratio of 149.86, a quick ratio of 0.30 and a current ratio of 0.69. The firm has a fifty day moving average of C$53.02 and a 200-day moving average of C$56.28.

Hydro One Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th were paid a dividend of $0.3531 per share. This represents a $1.41 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, September 9th. Hydro One's dividend payout ratio is currently 57.31%.

Latest Hydro One News

These are some of the H news items that stood out recently:

• Neutral Sentiment: National Bank Financial raised its target to C$62 from C$61 but maintained a sector perform rating, indicating a more measured outlook. National Bank Financial analyst recommendations
• Neutral Sentiment: TD lifted its target to C$59 from C$58 and kept a hold rating. TD analyst recommendations
• Neutral Sentiment: Recent coverage also includes Hydro One’s Q3 2026 earnings-call transcript and an article explaining the route selected for its Windsor-to-Lakeshore power line. The provided headlines do not specify financial or project details that would clarify their impact. Q3 2026 earnings call transcript Windsor-to-Lakeshore power line route article

Hydro One Company Profile

Hydro One Limited, through its wholly-owned subsidiaries, is Ontario's largest electricity transmission and distribution provider with 1.5 million valued customers, $39.7 billion in assets as at December 31, 2025, and annual revenues in 2025 of $9 billion. Our team of 9,600 skilled and dedicated employees proudly build and maintain a safe and reliable electricity system which is essential to supporting strong and successful communities. In 2025, Hydro One invested $3.4 billion in its transmission and distribution networks, and supported the economy through buying $3 billion of goods and services.

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