Scotiabank Weighs in on Hydro One’s FY2026 Earnings (TSE:H)

Hydro One Limited (TSE:H) – Equities research analysts at Scotiabank upped their FY2026 earnings per share estimates for Hydro One in a report issued on Wednesday, August 19th. Scotiabank analyst R. Hope now forecasts that the company will earn $2.33 per share for the year, up from their prior estimate of $2.31. 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 $2.39 EPS.

H has been the topic of a number of other reports. Raymond James Financial increased their price target on shares of Hydro One from C$57.00 to C$58.00 and gave the company a “market perform” rating in a research report on Tuesday, April 28th. Jefferies Financial Group downgraded shares of Hydro One from a “hold” rating to a “moderate sell” rating in a research note on Monday, June 1st. BMO Capital Markets upped their target price on shares of Hydro One from C$55.00 to C$58.00 and gave the company a “market perform” rating in a research note on Thursday, May 14th. Royal Bank Of Canada increased their target price on shares of Hydro One from C$58.00 to C$60.00 and gave the stock a “sector perform” rating in a report on Thursday, August 13th. Finally, Barclays reduced their price target on shares of Hydro One from C$63.00 to C$61.00 in a research report on Thursday, August 13th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Hydro One currently has a consensus rating of “Hold” and an average price target of C$57.09.

Hydro One Price Performance

Hydro One stock opened at C$55.10 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.30 and a debt-to-equity ratio of 154.61. The firm has a market capitalization of C$33.07 billion, a P/E ratio of 23.35, a PEG ratio of 3.17 and a beta of 0.35. The business has a 50-day moving average of C$57.84 and a 200-day moving average of C$57.75. Hydro One has a 1 year low of C$48.22 and a 1 year high of C$60.57.

Hydro One (TSE:H) last released its earnings results on Wednesday, August 12th. The company reported C$0.62 earnings per share for the quarter. Hydro One had a return on equity of 11.08% and a net margin of 14.87%.The firm had revenue of C$1.23 billion for the quarter.

Hydro One Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.3531 per share. This is an increase from Hydro One’s previous quarterly dividend of $0.33. This represents a $1.41 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Wednesday, June 10th. Hydro One’s payout ratio is 57.31%.

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.