Hydro One (OTCMKTS:HRNNF – Get Free Report) posted its earnings results on Tuesday. The company reported $0.49 EPS for the quarter, hitting the consensus estimate of $0.49, Zacks reports. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Hydro One had a net margin of 14.49% and a return on equity of 10.87%.
Hydro One Price Performance
HRNNF stock opened at $40.53 on Thursday. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market capitalization of $24.32 billion and a P/E ratio of 23.98. Hydro One has a 52-week low of $35.46 and a 52-week high of $44.02. The company’s 50 day simple moving average is $37.63 and its 200-day simple moving average is $40.48.
Analysts Set New Price Targets
A number of brokerages recently issued reports on HRNNF. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Hydro One in a report on Wednesday, October 28th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Hydro One in a research note on Thursday, August 13th. Barclays reiterated an “overweight” rating on shares of Hydro One in a research report on Friday, October 16th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Hydro One in a report on Thursday, August 13th. Finally, Jefferies Financial Group reissued an “underperform” rating on shares of Hydro One in a report on Wednesday, August 19th. 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 company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.
Read Our Latest Stock Analysis on Hydro One
About Hydro One
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.
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