Research Analysts Issue Forecasts for Hydro One Q4 Earnings

Hydro One Limited (TSE:H) – Investment analysts at National Bank Financial issued their Q4 2024 earnings per share estimates for shares of Hydro One in a report issued on Tuesday, January 28th. National Bank Financial analyst P. Kenny forecasts that the company will post earnings per share of $0.31 for the quarter. The consensus estimate for Hydro One’s current full-year earnings is $2.06 per share.

Hydro One (TSE:H) last released its earnings results on Thursday, November 7th. The company reported C$0.62 EPS for the quarter, topping analysts’ consensus estimates of C$0.58 by C$0.04. Hydro One had a return on equity of 9.61% and a net margin of 13.85%. During the same quarter in the previous year, the business posted $0.59 EPS.

A number of other equities research analysts have also recently issued reports on the company. CIBC boosted their price objective on Hydro One from C$45.00 to C$46.00 and gave the company a “neutral” rating in a research note on Wednesday, January 8th. Royal Bank of Canada boosted their price objective on Hydro One from C$41.00 to C$43.00 and gave the company a “sector perform” rating in a research note on Thursday, October 3rd. Eight research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of C$43.25.

Hydro One Trading Down 0.8 %

TSE H opened at C$44.60 on Thursday. The stock has a market capitalization of C$26.74 billion, a price-to-earnings ratio of 23.85, a PEG ratio of 3.17 and a beta of 0.34. Hydro One has a one year low of C$37.27 and a one year high of C$48.05. The company has a debt-to-equity ratio of 137.11, a current ratio of 0.40 and a quick ratio of 0.30. The business’s fifty day moving average is C$44.62 and its 200-day moving average is C$44.41.

Hydro One Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.314 per share. This represents a $1.26 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend was Wednesday, December 11th. Hydro One’s payout ratio is 67.38%.

Insider Transactions at Hydro One

In other Hydro One news, Director Stacey Mowbray acquired 700 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was bought at an average price of C$44.03 per share, with a total value of C$30,818.20. Following the completion of the acquisition, the director now owns 700 shares of the company’s stock, valued at C$30,818.20. This trade represents a ∞ increase in their ownership of the stock. 47.12% of the stock is owned by insiders.

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.