Raymond James Has Positive Outlook of Hydro One Q1 Earnings

Hydro One Limited (TSE:H - Free Report) - Equities research analysts at Raymond James increased their Q1 2025 earnings per share (EPS) estimates for shares of Hydro One in a research note issued on Thursday, April 17th. Raymond James analyst T. Genzebu now anticipates that the company will post earnings per share of $0.54 for the quarter, up from their previous estimate of $0.51. Raymond James currently has a "Market Perform" rating and a $45.00 price objective on the stock. The consensus estimate for Hydro One's current full-year earnings is $2.06 per share. Raymond James also issued estimates for Hydro One's Q1 2026 earnings at $0.54 EPS, Q2 2026 earnings at $0.47 EPS, Q3 2026 earnings at $0.66 EPS, Q4 2026 earnings at $0.51 EPS and FY2026 earnings at $2.18 EPS.

Several other equities analysts have also recently issued reports on H. Jefferies Financial Group lifted their price objective on Hydro One from C$45.00 to C$49.00 and gave the stock a "hold" rating in a report on Tuesday, April 15th. CIBC boosted their price objective on shares of Hydro One from C$46.00 to C$49.00 in a research report on Friday, April 4th. Royal Bank of Canada lifted their price target on shares of Hydro One from C$43.00 to C$46.00 in a report on Friday, February 21st. Finally, Scotiabank lifted their price target on shares of Hydro One from C$45.00 to C$46.00 and gave the company a "sector perform" rating in a research report on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of C$46.25.

Hydro One Stock Performance

TSE H traded down C$0.14 during trading hours on Friday, hitting C$50.89. 216,652 shares of the stock were exchanged, compared to its average volume of 1,019,882. 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 has a 12-month low of C$37.32 and a 12-month high of C$51.40. The company has a market cap of C$30.51 billion, a price-to-earnings ratio of 26.84, a price-to-earnings-growth ratio of 3.17 and a beta of 0.34. The stock has a 50-day moving average of C$47.81 and a 200 day moving average of C$45.84.

Hydro One Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were issued a dividend of $0.3142 per share. This is a positive change from Hydro One's previous quarterly dividend of $0.31. This represents a $1.26 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend was Wednesday, March 12th. Hydro One's dividend payout ratio (DPR) is currently 66.44%.

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.