Hydro One (HRNNF) Set to Post Quarterly Earnings on Tuesday

Hydro One (OTCMKTS:HRNNF) is expected to be announcing its results before the market opens on Tuesday, November 10th. Analysts expect the company to announce earnings of $0.4907 per share and revenue of $1.66 billion for the quarter.

Hydro One (OTCMKTS:HRNNF) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.40 by $0.05. Hydro One had a net margin of 14.88% and a return on equity of 11.02%. The firm had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.58 billion.

Hydro One Stock Down 0.2%

OTCMKTS HRNNF traded down $0.07 during trading hours on Tuesday, hitting $39.86. 380 shares of the company traded hands, compared to its average volume of 119,090. The business’s 50-day moving average is $37.31 and its 200-day moving average is $40.39. Hydro One has a twelve month low of $35.46 and a twelve month high of $44.02. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market capitalization of $23.92 billion and a price-to-earnings ratio of 23.31.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Hydro One in a research report on Wednesday, October 28th. BMO Capital Markets reissued a “market perform” rating on shares of Hydro One in a research report on Thursday, August 13th. Royal Bank Of Canada restated a “sector perform” rating on shares of Hydro One in a research note on Thursday, August 13th. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Hydro One in a report on Wednesday, August 19th. Finally, Barclays reaffirmed an “overweight” rating on shares of Hydro One in a report on Friday, October 16th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold”.

Hydro One Company Profile

Hydro One Limited is an electricity transmission and distribution company based in Ontario, Canada. Through its operating subsidiaries, including Hydro One Networks Inc, the company owns and operates a large transmission network and provides electricity distribution services to residential, commercial and industrial customers across the province.

The company’s activities include transporting high-voltage electricity from generating facilities to local utilities and large customers, distributing electricity through local networks, and maintaining and upgrading transmission and distribution infrastructure.