Hydro One Ltd (TSE:H) to Post FY2019 Earnings of $1.47 Per Share, Raymond James Forecasts

Hydro One Ltd (TSE:H) – Analysts at Raymond James upped their FY2019 earnings estimates for shares of Hydro One in a research note issued on Monday, August 12th. Raymond James analyst D. Quezada now forecasts that the company will post earnings of $1.47 per share for the year, up from their previous forecast of $1.42. Raymond James currently has a “Market Perform” rating and a $25.00 price target on the stock. Raymond James also issued estimates for Hydro One’s Q4 2019 earnings at $0.34 EPS.

H has been the topic of several other reports. CSFB upgraded Hydro One from an “underperform” rating to a “neutral” rating and boosted their price target for the company from C$20.00 to C$24.00 in a research note on Thursday, July 25th. TD Securities boosted their price target on Hydro One from C$21.00 to C$22.00 and gave the company a “hold” rating in a research note on Monday. CIBC boosted their price target on Hydro One from C$22.00 to C$24.00 in a research note on Tuesday, July 23rd. BMO Capital Markets upped their price objective on Hydro One from C$23.00 to C$24.00 in a research note on Wednesday, June 26th. Finally, Royal Bank of Canada upped their price objective on Hydro One from C$23.00 to C$25.00 and gave the company a “sector perform” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of C$23.39.

Shares of H opened at C$23.83 on Wednesday. Hydro One has a 12-month low of C$18.95 and a 12-month high of C$24.05. The company has a quick ratio of 0.27, a current ratio of 0.32 and a debt-to-equity ratio of 127.79. The firm has a market capitalization of $14.25 billion and a price-to-earnings ratio of -101.40. The stock’s 50-day moving average price is C$23.32 and its 200 day moving average price is C$21.96.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, September 12th will be paid a $0.242 dividend. This is a positive change from Hydro One’s previous quarterly dividend of $0.23. This represents a $0.97 annualized dividend and a dividend yield of 4.06%. The ex-dividend date is Wednesday, September 11th. Hydro One’s dividend payout ratio is currently -396.38%.

Hydro One Company Profile

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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