Hydro One (OTCMKTS:HRNNF – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.01, Zacks reports. Hydro One had a return on equity of 10.72% and a net margin of 14.82%.
Hydro One Price Performance
Shares of Hydro One stock traded down $0.39 during trading on Wednesday, reaching $42.88. 668 shares of the company’s stock were exchanged, compared to its average volume of 97,246. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.61 and a current ratio of 0.61. Hydro One has a 1-year low of $33.56 and a 1-year high of $44.02. The company has a market cap of $25.73 billion and a P/E ratio of 54.28. The firm’s 50-day moving average price is $42.50 and its 200 day moving average price is $40.22.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on HRNNF. BMO Capital Markets reaffirmed a “market perform” rating on shares of Hydro One in a report on Tuesday, February 17th. TD Securities reaffirmed a “hold” rating on shares of Hydro One in a report on Wednesday, February 18th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Hydro One in a report on Monday, April 20th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Hydro One in a report on Tuesday, February 17th. Five research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.
Hydro One Company Profile
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.
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