Hydro One (OTCMKTS:HRNNF) Issues Quarterly Earnings Results

Hydro One (OTCMKTS:HRNNF) announced its quarterly earnings results on Tuesday. The company reported $0.49 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.49, Zacks reports. Hydro One had a net margin of 14.88% and a return on equity of 11.02%.

Hydro One Price Performance

Hydro One stock remained flat at $40.89 during midday trading on Tuesday. The company had a trading volume of 128,719 shares, compared to its average volume of 96,440. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.49. Hydro One has a 12-month low of $35.46 and a 12-month high of $44.02. The stock has a fifty day simple moving average of $37.55 and a two-hundred day simple moving average of $40.46. The company has a market cap of $24.54 billion and a P/E ratio of 23.91.

Analyst Upgrades and Downgrades

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

Hydro One Company Profile

Hydro One is an electricity transmission and distribution utility serving communities across Ontario, Canada. The company transports electricity over high-voltage transmission lines and delivers it through local distribution networks to homes and businesses. Its activities include operating, maintaining and upgrading electricity infrastructure, as well as planning and building transmission and distribution facilities. Hydro One also provides related services to support the reliability of the province’s electricity system.