Hydro One (HRNNF) to Release Quarterly Earnings on Wednesday

Key Points

• Hydro One will report quarterly results before the market opens on May 13, with analysts modeling EPS of $0.4562 and revenue of $1.7883 billion.
• In the prior quarter the company posted $0.28 EPS (beating estimates by $0.01) but revenue of $1.65 billion missed consensus; the stock trades around $43.65 with a market cap of $26.18 billion and a consensus analyst rating of Hold.

Hydro One (OTCMKTS:HRNNF - Get Free Report) is expected to announce its results before the market opens on Wednesday, May 13th. Analysts expect the company to announce earnings of $0.4562 per share and revenue of $1.7883 billion for the quarter.

Hydro One (OTCMKTS:HRNNF - Get Free Report) last released its earnings results on Friday, February 13th. The company reported $0.28 earnings per share for the quarter, topping analysts' consensus estimates of $0.27 by $0.01. The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $2.49 billion. Hydro One had a net margin of 14.82% and a return on equity of 10.72%.

Hydro One Stock Up 1.3%

OTCMKTS:HRNNF opened at $43.65 on Wednesday. The firm's 50-day moving average price is $42.41 and its 200-day moving average price is $40.01. The company has a market capitalization of $26.18 billion and a PE ratio of 55.25. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.61 and a quick ratio of 0.61. Hydro One has a 1-year low of $33.56 and a 1-year high of $44.02.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Hydro One in a research report on Tuesday, February 17th. BMO Capital Markets reaffirmed a "market perform" rating on shares of Hydro One in a research report on Tuesday, February 17th. Canadian Imperial Bank of Commerce restated a "neutral" rating on shares of Hydro One in a research note on Monday, April 20th. Finally, TD Securities restated a "hold" rating on shares of Hydro One in a research note on Wednesday, February 18th. Five analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of "Hold".

Hydro One Company Profile

Hydro One Ltd. is a Canadian electricity transmission and distribution utility headquartered in Toronto, Ontario. The company operates the largest high-voltage transmission network in the province, delivering power from generating stations to local distributors, municipalities and major industrial customers. In addition to its transmission business, Hydro One provides distribution services to a wide range of residential, commercial and industrial end users, maintaining poles, wires and related infrastructure that connect approximately 1.4 million customers across urban and rural communities.

Tracing its origins to the Ontario Hydro Electric Power Commission established in 1906, Hydro One emerged in its current form following the restructuring of Ontario’s vertically integrated power authority in the late 1990s and early 2000s.

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