Hydro One (OTCMKTS:HRNNF) Announces Earnings Results

Hydro One (OTCMKTS:HRNNF) announced its quarterly earnings results on Friday. The company reported $0.28 EPS for the quarter, Zacks reports. Hydro One had a return on equity of 10.52% and a net margin of 14.74%.

Hydro One Price Performance

Hydro One stock traded up $0.59 during mid-day trading on Friday, hitting $41.77. The company’s stock had a trading volume of 1,461 shares, compared to its average volume of 65,933. Hydro One has a twelve month low of $30.90 and a twelve month high of $42.08. The stock’s fifty day moving average price is $39.03 and its two-hundred day moving average price is $37.49. The stock has a market capitalization of $25.05 billion and a P/E ratio of 55.69. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 1.30.

Analysts Set New Price Targets

HRNNF has been the subject of several research analyst reports. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Hydro One in a research report on Friday, November 14th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Hydro One in a report on Tuesday, October 21st. BMO Capital Markets reiterated a “market perform” rating on shares of Hydro One in a research note on Friday, November 14th. Finally, TD Securities reissued a “hold” rating on shares of Hydro One in a report on Friday, November 14th. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

About Hydro One

Hydro One Ltd. is a Canadian electricity transmission and distribution utility headquartered in Toronto, Ontario. The company operates the largest high-voltage transmission network in the province, delivering power from generating stations to local distributors, municipalities and major industrial customers. In addition to its transmission business, Hydro One provides distribution services to a wide range of residential, commercial and industrial end users, maintaining poles, wires and related infrastructure that connect approximately 1.4 million customers across urban and rural communities.

Tracing its origins to the Ontario Hydro Electric Power Commission established in 1906, Hydro One emerged in its current form following the restructuring of Ontario’s vertically integrated power authority in the late 1990s and early 2000s.