FY2026 Earnings Forecast for Hydro One Issued By Scotiabank

Hydro One Limited (TSE:H) – Analysts at Scotiabank boosted their FY2026 earnings estimates for Hydro One in a research note issued to investors on Thursday, May 14th. Scotiabank analyst R. Hope now forecasts that the company will post earnings of $2.31 per share for the year, up from their previous estimate of $2.27. The consensus estimate for Hydro One’s current full-year earnings is $2.06 per share. Scotiabank also issued estimates for Hydro One’s FY2027 earnings at $2.36 EPS.

Other equities analysts also recently issued research reports about the stock. BMO Capital Markets boosted their price objective on shares of Hydro One from C$55.00 to C$58.00 and gave the stock a “market perform” rating in a research note on Thursday. Jefferies Financial Group reduced their price objective on shares of Hydro One from C$52.00 to C$50.00 in a research note on Wednesday, January 28th. Barclays reduced their price objective on shares of Hydro One from C$66.00 to C$63.00 in a research note on Friday, April 10th. Scotia boosted their price objective on shares of Hydro One from C$53.00 to C$58.00 and gave the stock a “sector perform” rating in a research note on Thursday. Finally, TD Securities boosted their price objective on shares of Hydro One from C$56.00 to C$57.00 and gave the stock a “hold” rating in a research note on Wednesday, February 18th. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Hydro One presently has a consensus rating of “Hold” and an average target price of C$56.64.

Hydro One Stock Performance

Shares of TSE:H opened at C$58.51 on Friday. The company has a market capitalization of C$35.11 billion, a price-to-earnings ratio of 26.24, a price-to-earnings-growth ratio of 3.17 and a beta of 0.38. Hydro One has a 52 week low of C$47.54 and a 52 week high of C$60.46. The company has a quick ratio of 0.30, a current ratio of 0.61 and a debt-to-equity ratio of 151.72. The firm has a 50 day moving average of C$58.38 and a 200 day moving average of C$55.59.

Hydro One (TSE:H) last posted its quarterly earnings results on Wednesday, May 13th. The company reported C$0.65 earnings per share for the quarter. Hydro One had a net margin of 14.81% and a return on equity of 10.73%. The firm had revenue of C$1.22 billion during the quarter.

Hydro One Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were given a dividend of $0.3331 per share. The ex-dividend date of this dividend was Wednesday, March 11th. This represents a $1.33 dividend on an annualized basis and a dividend yield of 2.3%. Hydro One’s dividend payout ratio is presently 58.90%.

Key Headlines Impacting Hydro One

Here are the key news stories impacting Hydro One this week:

• Positive Sentiment: Hydro One’s first-quarter results showed profit and revenue rising from a year ago, with EPS of C$0.65 on revenue of C$1.22 billion, and the company also lifted its dividend after the earnings improvement. Hydro One Lifts Dividend With Rise in Quarterly Earnings
• Positive Sentiment: Scotiabank raised its FY2026 and FY2027 earnings estimates for Hydro One, signaling higher expected profitability over the next two years.
• Positive Sentiment: Several major brokerages lifted price targets, including BMO Capital Markets, National Bank Financial, Scotia, and TD, reinforcing a stable-to-improving outlook for the regulated utility.
• Neutral Sentiment: Despite the target increases, the new analyst price targets cluster around C$56 to C$58, which is close to the current share price and suggests limited near-term upside rather than a strongly bullish re-rating.

About Hydro One

Hydro One operates regulated transmission and distribution assets in Ontario. The area’s largest electricity provider serves nearly 1.5 million customers. Transmission accounts for roughly 60% of the company’s rate base, with distribution accounting for the remainder. Hydro One operates a small telecom business, Acronym Solutions, with annual revenue contributing less than 1% to consolidated results. The province of Ontario holds an approximate 47% common equity stake.