Hydro One (H) Scheduled to Post Earnings on Tuesday

Hydro One (TSE:H - Get Free Report) will release its earnings data before the market opens on Tuesday, May 14th. Analysts expect the company to announce earnings of C$0.50 per share for the quarter.

Hydro One (TSE:H - Get Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The company reported C$0.30 EPS for the quarter, meeting analysts' consensus estimates of C$0.30. The firm had revenue of C$1.98 billion for the quarter. Hydro One had a net margin of 13.83% and a return on equity of 9.45%.

Hydro One Price Performance

H traded down C$0.10 during midday trading on Tuesday, reaching C$39.60. 619,863 shares of the company's stock were exchanged, compared to its average volume of 854,882. Hydro One has a 1-year low of C$32.79 and a 1-year high of C$41.69. The stock has a market capitalization of C$23.72 billion, a PE ratio of 21.93, a P/E/G ratio of 2.90 and a beta of 0.29. The company has a debt-to-equity ratio of 133.77, a current ratio of 0.50 and a quick ratio of 0.30. The business's 50-day moving average price is C$39.53 and its 200 day moving average price is C$39.00.

Hydro One Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 28th were issued a $0.296 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.99%. Hydro One's dividend payout ratio (DPR) is 65.75%.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. TD Securities lifted their price target on Hydro One from C$37.00 to C$39.00 and gave the company a "hold" rating in a report on Wednesday, February 14th. Scotiabank cut their price target on shares of Hydro One from C$40.00 to C$38.00 and set a "sector perform" rating on the stock in a research note on Monday, April 22nd. CIBC reduced their target price on Hydro One from C$40.00 to C$39.00 and set a "neutral" rating on the stock in a report on Friday, April 19th. National Bankshares upped their price target on Hydro One from C$35.00 to C$38.00 and gave the stock a "sector perform" rating in a research note on Tuesday, January 30th. Finally, Royal Bank of Canada lifted their price objective on Hydro One from C$37.00 to C$41.00 and gave the company a "sector perform" rating in a research note on Wednesday, February 14th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, Hydro One currently has a consensus rating of "Hold" and a consensus price target of C$39.56.

Hydro One Company Profile

Hydro One Limited, through its subsidiaries, operates as an electricity transmission and distribution company in Ontario. The company operates through three segments: Transmission, Distribution, and Other. It owns and operates approximately 30,000 circuit kilometers of high-voltage transmission lines and approximately 125,000 circuit kilometers primary low-voltage distribution lines.