Hydro One (OTCMKTS:HRNNF) Issues Earnings Results, Beats Estimates By $0.01 EPS

Hydro One (OTCMKTS:HRNNF) released its quarterly earnings data on Wednesday. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01, Zacks reports. Hydro One had a return on equity of 10.93% and a net margin of 14.80%.The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.79 billion.

Hydro One Stock Performance

HRNNF opened at $42.88 on Friday. The firm has a market capitalization of $25.73 billion and a PE ratio of 54.28. Hydro One has a twelve month low of $33.56 and a twelve month high of $44.02. The firm’s 50-day moving average price is $42.53 and its 200 day moving average price is $40.29. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.42.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Hydro One in a research report on Tuesday, February 17th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Hydro One in a research report on Monday, April 20th. TD Securities restated a “hold” rating on shares of Hydro One in a report on Thursday. Scotiabank restated a “sector perform” rating on shares of Hydro One in a report on Thursday. Finally, BMO Capital Markets restated a “market perform” rating on shares of Hydro One in a report on Thursday. Six investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Hydro One 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.