What is Scotiabank’s Forecast for Hydro One FY2026 Earnings?

Hydro One Limited (TSE:H) – Analysts at Scotiabank dropped their FY2026 earnings estimates for shares of Hydro One in a report issued on Thursday, October 1st. Scotiabank analyst R. Hope now expects that the company will post earnings per share of $2.32 for the year, down from their previous forecast of $2.33. 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 $2.37 EPS.

H has been the subject of several other research reports. Barclays cut their price target on Hydro One from C$63.00 to C$61.00 in a report on Thursday, August 13th. Canadian Imperial Bank of Commerce decreased their price objective on Hydro One from C$59.00 to C$56.00 in a report on Tuesday, September 22nd. Finally, Royal Bank Of Canada boosted their price objective on Hydro One from C$58.00 to C$60.00 and gave the company a “sector perform” rating in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Hydro One presently has a consensus rating of “Hold” and an average price target of C$57.27.

Hydro One Stock Up 0.6%

H stock opened at C$51.26 on Monday. Hydro One has a twelve month low of C$49.09 and a twelve month high of C$60.57. The company has a market cap of C$30.76 billion, a PE ratio of 21.72, a price-to-earnings-growth ratio of 3.17 and a beta of 0.30. The business’s 50-day simple moving average is C$53.61 and its 200 day simple moving average is C$56.52. The company has a quick ratio of 0.30, a current ratio of 0.88 and a debt-to-equity ratio of 154.61.

Hydro One (TSE:H) last announced its quarterly earnings data on Wednesday, August 12th. The company reported C$0.62 EPS for the quarter. Hydro One had a net margin of 14.87% and a return on equity of 11.08%. The business had revenue of C$1.23 billion during the quarter.

Hydro One Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th were given a dividend of $0.3531 per share. This represents a $1.41 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Wednesday, September 9th. Hydro One’s payout ratio is 57.31%.

About Hydro One

Hydro One Limited, through its wholly-owned subsidiaries, is Ontario’s largest electricity transmission and distribution provider with 1.5 million valued customers, $39.7 billion in assets as at December 31, 2025, and annual revenues in 2025 of $9 billion. Our team of 9,600 skilled and dedicated employees proudly build and maintain a safe and reliable electricity system which is essential to supporting strong and successful communities. In 2025, Hydro One invested $3.4 billion in its transmission and distribution networks, and supported the economy through buying $3 billion of goods and services.