Hydro One (TSE:H) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS

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%.

Several brokerages have recently weighed in on H. Raymond James reissued a “market perform” rating and set a C$25.00 price objective on shares of Hydro One in a report on Friday. Royal Bank of Canada lifted their price objective on Hydro One from C$25.00 to C$26.00 in a report on Wednesday, August 21st. CSFB raised Hydro One from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from C$24.00 to C$27.00 in a report on Monday, August 19th. BMO Capital Markets lifted their price objective on Hydro One from C$24.00 to C$25.00 in a report on Monday, September 9th. Finally, National Bank Financial lifted their price objective on Hydro One from C$20.00 to C$24.00 and gave the stock an “underperform” rating in a report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of C$24.39.

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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Earnings History for Hydro One (TSE:H)

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