Scotiabank Weighs in on Hydro One's FY2026 Earnings (TSE:H)

Key Points

• Scotiabank raised Hydro One’s FY2026 EPS estimate to C$2.33 from C$2.31, above the C$2.06 consensus, and forecasts FY2027 EPS of C$2.39.
• Analyst sentiment remains broadly neutral: Hydro One has an average “Hold” rating and a consensus price target of C$57.09, with one Buy, seven Hold, and one Sell rating.
• Hydro One reported quarterly EPS of C$0.62 on C$1.23 billion in revenue and increased its quarterly dividend to C$0.3531, implying an annualized yield of about 2.6%.

Hydro One Limited (TSE:H - Free Report) - Analysts at Scotiabank raised their FY2026 earnings estimates for shares of Hydro One in a research report issued to clients and investors on Wednesday, August 19th. Scotiabank analyst R. Hope now forecasts that the company will post earnings of $2.33 per share for the year, up from their previous estimate of $2.31. 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 $2.39 EPS.

A number of other research firms have also commented on H. Jefferies Financial Group lowered Hydro One from a "hold" rating to a "moderate sell" rating in a research note on Monday, June 1st. Barclays lowered their target price on Hydro One from C$63.00 to C$61.00 in a research note on Thursday, August 13th. BMO Capital Markets lifted their price target on Hydro One from C$55.00 to C$58.00 and gave the company a "market perform" rating in a report on Thursday, May 14th. Raymond James Financial boosted their target price on shares of Hydro One from C$57.00 to C$58.00 and gave the stock a "market perform" rating in a research note on Tuesday, April 28th. Finally, Royal Bank Of Canada increased their price target on shares of Hydro One from C$58.00 to C$60.00 and gave the company a "sector perform" rating in a research note on Thursday, August 13th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Hydro One currently has an average rating of "Hold" and an average target price of C$57.09.

Hydro One Trading Up 0.1%

H stock opened at C$55.10 on Friday. The business has a fifty day moving average price of C$57.84 and a 200 day moving average price of C$57.75. Hydro One has a fifty-two week low of C$48.22 and a fifty-two week high of C$60.57. The stock has a market capitalization of C$33.07 billion, a price-to-earnings ratio of 23.35, a P/E/G ratio of 3.17 and a beta of 0.35. 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 (TSE:H - Get Free Report) last posted its earnings results on Wednesday, August 12th. The company reported C$0.62 earnings per share (EPS) for the quarter. The company had revenue of C$1.23 billion during the quarter. Hydro One had a net margin of 14.87% and a return on equity of 11.08%.

Hydro One Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were given a $0.3531 dividend. The ex-dividend date was Wednesday, June 10th. This is a positive change from Hydro One's previous quarterly dividend of $0.33. This represents a $1.41 dividend on an annualized basis and a yield of 2.6%. Hydro One's dividend payout ratio is 57.31%.

Hydro One Company Profile

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.

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