What is Scotiabank's Forecast for Hydro One FY2026 Earnings?

Key Points

• Scotiabank lowered its FY2026 EPS forecast for Hydro One to C$2.32 from C$2.33, still above the consensus estimate of C$2.06. The bank projects FY2027 EPS of C$2.37.
• Hydro One reported quarterly EPS of C$0.62 on revenue of C$1.23 billion, with an 11.08% return on equity and 14.87% net margin.
• The stock opened at C$50.83, while analysts maintain an overall “Hold” rating with an average price target of C$57.27. Hydro One also pays an annualized dividend of C$1.41 per share, yielding about 2.8%.

Hydro One Limited (TSE:H - Free Report) - Analysts at Scotiabank lowered their FY2026 earnings per share (EPS) estimates for shares of Hydro One in a research report issued to clients and investors on Thursday, October 1st. Scotiabank analyst R. Hope now expects that the company will post earnings per share of $2.32 for the year, down from their previous forecast of $2.33. 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 $2.37 EPS.

Hydro One (TSE:H - Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The company reported C$0.62 earnings per share for the quarter. Hydro One had a return on equity of 11.08% and a net margin of 14.87%.The company had revenue of C$1.23 billion for the quarter.

A number of other research firms have also weighed in on H. Canadian Imperial Bank of Commerce reduced their target price on shares of Hydro One from C$59.00 to C$56.00 in a report on Tuesday, September 22nd. Barclays reduced their price objective on shares of Hydro One from C$63.00 to C$61.00 in a research note on Thursday, August 13th. Finally, Royal Bank Of Canada increased 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. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of C$57.27.

Hydro One Stock Down 0.4%

Shares of TSE H opened at C$50.83 on Monday. The company has a 50 day simple moving average of C$53.95 and a 200 day simple moving average of C$56.64. The company has a debt-to-equity ratio of 154.61, a current ratio of 0.88 and a quick ratio of 0.30. Hydro One has a 1 year low of C$49.09 and a 1 year high of C$60.57. The firm has a market cap of C$30.50 billion, a PE ratio of 21.54, a price-to-earnings-growth ratio of 3.17 and a beta of 0.23.

Hydro One Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th were given a dividend of $0.3531 per share. The ex-dividend date was Wednesday, September 9th. This represents a $1.41 annualized dividend and a dividend yield of 2.8%. Hydro One's dividend payout ratio is 57.31%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.