Hydro One (TSE:H) posted its quarterly earnings results on Thursday. The company reported C$0.40 EPS for the quarter, topping analysts’ consensus estimates of C$0.36 by C$0.04, reports. The company had revenue of C$1.59 billion during the quarter.
TSE H opened at C$23.63 on Friday. The company has a 50-day simple moving average of C$24.43 and a two-hundred day simple moving average of C$23.48. The company has a quick ratio of 0.36, a current ratio of 0.41 and a debt-to-equity ratio of 130.07. Hydro One has a 12-month low of C$19.20 and a 12-month high of C$25.06. The firm has a market cap of $14.19 billion and a price-to-earnings ratio of -73.84.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Wednesday, December 11th will be given a $0.242 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.97 annualized dividend and a yield of 4.10%. Hydro One’s dividend payout ratio (DPR) is presently -291.09%.
A number of brokerages have issued reports on H. CSFB raised shares of Hydro One from a “neutral” rating to an “outperform” rating and boosted their target price for the company from C$24.00 to C$27.00 in a report on Monday, August 19th. CIBC boosted their target price on shares of Hydro One from C$24.00 to C$25.00 in a report on Wednesday, October 23rd. Royal Bank of Canada boosted their target price on shares of Hydro One from C$25.00 to C$26.00 in a report on Wednesday, August 21st. UBS Group boosted their target price on shares of Hydro One from C$21.00 to C$23.00 in a report on Friday, September 6th. Finally, Raymond James reissued a “market perform” rating and set a C$25.00 target price on shares of Hydro One in a report on Friday. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The company has a consensus 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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