FY2026 Earnings Forecast for Hydro One Issued By Scotiabank

Hydro One Limited (TSE:H) – Analysts at Scotiabank raised their FY2026 earnings per share estimates for Hydro One in a research report issued on Thursday, February 19th. Scotiabank analyst R. Hope now expects that the company will earn $2.24 per share for the year, up from their prior forecast 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.

H has been the topic of several other research reports. National Bank Financial increased their price target on shares of Hydro One from C$49.00 to C$53.00 and gave the stock a “sector perform” rating in a research report on Wednesday, December 17th. Jefferies Financial Group cut their target price on shares of Hydro One from C$52.00 to C$50.00 in a research note on Wednesday, January 28th. Finally, TD Securities raised their price target on shares of Hydro One from C$56.00 to C$57.00 and gave the company a “hold” rating in a research report on Wednesday. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$53.35.

Hydro One Stock Performance

Shares of Hydro One stock opened at C$56.67 on Friday. The stock has a market capitalization of C$33.99 billion, a price-to-earnings ratio of 25.41, a price-to-earnings-growth 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 50-day moving average of C$54.20 and a 200 day moving average of C$52.31. Hydro One has a 12 month low of C$43.90 and a 12 month high of C$57.63.

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

Hydro One Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.3331 per share. The ex-dividend date was Wednesday, December 10th. This represents a $1.33 dividend on an annualized basis and a dividend yield of 2.4%. Hydro One’s payout ratio is presently 58.90%.

Hydro One Company Profile

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.