Hydro One (TSE:H) announced its quarterly earnings data on Thursday. The company reported C$0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.36 by C$0.04, reports. The firm had revenue of C$1.59 billion for the quarter.
Shares of TSE:H opened at C$23.63 on Friday. The business’s 50 day moving average is C$24.43 and its 200-day moving average is C$23.48. The company has a current ratio of 0.41, a quick ratio of 0.36 and a debt-to-equity ratio of 130.07. The firm has a market capitalization of $14.19 billion and a PE ratio of -73.84. Hydro One has a 1-year low of C$19.20 and a 1-year high of C$25.06.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Wednesday, December 11th will be issued a dividend of $0.242 per share. This represents a $0.97 annualized dividend and a dividend yield of 4.10%. The ex-dividend date of this dividend is Tuesday, December 10th. Hydro One’s payout ratio is presently -291.09%.
About Hydro One
Hydro One Limited, through its subsidiaries, operates as an electrical transmission and distribution company in Ontario. It operates through three segments: Transmission, Distribution, and Other Business. The company owns and operates approximately 123,000 circuit kilometers of low-voltage distribution network.
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