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

Hydro One (OTCMKTS:HRNNF) announced its quarterly earnings results 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 10.72% and a net margin of 14.82%.

Hydro One Stock Performance

OTCMKTS HRNNF traded down $0.39 on Wednesday, reaching $42.88. The stock had a trading volume of 673 shares, compared to its average volume of 97,248. 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 12-month low of $33.56 and a 12-month high of $44.02. The business’s 50-day moving average price is $42.50 and its 200 day moving average price is $40.22. The stock has a market cap of $25.73 billion and a P/E ratio of 54.28.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HRNNF. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Hydro One in a report on Tuesday, February 17th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Hydro One in a report on Tuesday, February 17th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Hydro One in a report on Monday, April 20th. Finally, TD Securities reaffirmed a “hold” rating on shares of Hydro One in a report on Wednesday, February 18th. Five research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock 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.