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

Hydro One (OTCMKTS:HRNNF) announced its quarterly earnings results on Friday. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01, Zacks reports. Hydro One had a net margin of 14.74% and a return on equity of 10.52%. The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $2.49 billion.

Hydro One Stock Up 0.6%

HRNNF opened at $41.44 on Friday. The stock has a market cap of $24.85 billion and a price-to-earnings ratio of 55.25. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.44 and a current ratio of 0.44. The firm’s fifty day moving average is $39.09 and its 200 day moving average is $37.53. Hydro One has a fifty-two week low of $30.90 and a fifty-two week high of $42.08.

Analyst Upgrades and Downgrades

Several analysts have issued reports on HRNNF shares. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Hydro One in a research note on Friday, November 14th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Hydro One in a research note on Tuesday, October 21st. BMO Capital Markets reiterated a “market perform” rating on shares of Hydro One in a report on Friday, November 14th. Finally, TD Securities reaffirmed a “hold” rating on shares of Hydro One in a research note on Friday, November 14th. One research analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Hydro One has a consensus 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.