FY2026 Earnings Forecast for Hydro One Issued By Scotiabank

Hydro One Limited (TSE:H) – Equities research analysts at Scotiabank increased their FY2026 earnings estimates for Hydro One in a research note issued on Thursday, February 19th. Scotiabank analyst R. Hope now forecasts that the company will post earnings per share of $2.24 for the year, up from their previous estimate of $2.20. The consensus estimate for Hydro One’s current full-year earnings is $2.06 per share. Scotiabank also issued estimates for Hydro One’s FY2027 earnings at $2.34 EPS.

Hydro One (TSE:H) last posted its earnings results on Friday, February 13th. The company reported C$0.39 earnings per share (EPS) for the quarter. Hydro One had a return on equity of 9.58% and a net margin of 13.59%.The company had revenue of C$981.00 million for the quarter.

Other research analysts also recently issued research reports about the company. Jefferies Financial Group lowered their target price on Hydro One from C$52.00 to C$50.00 in a report on Wednesday, January 28th. TD Securities lifted their target price on Hydro One from C$56.00 to C$57.00 and gave the stock a “hold” rating in a report on Wednesday. Raymond James Financial upped their target price on shares of Hydro One from C$49.00 to C$53.50 and gave the company a “market perform” rating in a research report on Friday, October 24th. Finally, National Bank Financial raised their target price on shares of Hydro One from C$49.00 to C$53.00 and gave the stock a “sector perform” rating in a report on Wednesday, December 17th. One research analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Hydro One has a consensus rating of “Hold” and an average target price of C$53.35.

Hydro One Price Performance

Shares of TSE:H opened at C$56.84 on Friday. The company has a market capitalization of C$34.09 billion, a PE ratio of 25.49, a PEG ratio of 3.17 and a beta of 0.22. The company has a debt-to-equity ratio of 140.53, a current ratio of 0.58 and a quick ratio of 0.30. The business has a fifty day moving average price of C$54.12 and a 200-day moving average price of C$52.25. Hydro One has a 1-year low of C$43.30 and a 1-year high of C$57.63.

Hydro One Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.3331 per share. This represents a $1.33 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Wednesday, December 10th. Hydro One’s payout ratio is presently 58.90%.

About Hydro One

Hydro One operates regulated transmission and distribution assets in Ontario. The area’s largest electricity provider serves nearly 1.5 million customers. Transmission accounts for roughly 60% of the company’s rate base, with distribution accounting for the remainder. Hydro One operates a small telecom business, Acronym Solutions, with annual revenue contributing less than 1% to consolidated results. The province of Ontario holds an approximate 47% common equity stake.