Hydro One (H) Scheduled to Post Earnings on Tuesday

Hydro One (TSE:H) is scheduled to announce its earnings results before the market opens on Tuesday, August 14th. Analysts expect the company to announce earnings of C$0.23 per share for the quarter.

Hydro One (TSE:H) last issued its quarterly earnings results on Tuesday, May 15th. The company reported C$0.35 EPS for the quarter, topping the consensus estimate of C$0.34 by C$0.01. Hydro One had a net margin of 11.26% and a return on equity of 6.38%. The firm had revenue of C$1.58 billion for the quarter.

Shares of TSE:H opened at C$19.05 on Monday. Hydro One has a one year low of C$18.57 and a one year high of C$23.35.

Several equities research analysts have commented on H shares. CIBC cut their price target on shares of Hydro One from C$24.00 to C$20.50 in a research report on Thursday, July 12th. BMO Capital Markets cut their price target on shares of Hydro One from C$23.50 to C$22.50 in a research report on Wednesday, May 16th. TD Securities cut their price target on shares of Hydro One from C$22.00 to C$21.00 and set a “hold” rating on the stock in a research report on Wednesday, May 16th. Industrial Alliance Securities cut shares of Hydro One from a “buy” rating to a “hold” rating and dropped their target price for the company from C$26.00 to C$24.00 in a report on Thursday, July 12th. Finally, CSFB cut shares of Hydro One from an “outperform” rating to a “neutral” rating and set a C$22.00 target price on the stock. in a report on Thursday, July 12th. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of C$22.05.

In other news, insider Ferio Pugliese sold 7,712 shares of the company’s stock in a transaction dated Monday, June 4th. The shares were sold at an average price of C$19.51, for a total value of C$150,461.12.

Hydro One Company Profile

Hydro One Limited, through its subsidiaries, operates as an electrical transmission and distribution company in Ontario. It operates through three segments: Transmission, Distribution, and Other Business. The company owns and operates approximately 30,000 circuit kilometers of high-voltage transmission network and 123,000 circuit kilometers of low-voltage distribution network; and 308 transmission stations.

Further Reading: What is a Leveraged Buyout (LBO)?

Earnings History for Hydro One (TSE:H)

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