Q1 Earnings Forecast for Hydro One Issued By Desjardins

Hydro One Limited (TSE:H) – Equities researchers at Desjardins issued their Q1 2025 EPS estimates for shares of Hydro One in a note issued to investors on Monday, May 5th. Desjardins analyst B. Stadler forecasts that the company will post earnings of $0.56 per share for the quarter. Desjardins currently has a “Buy” rating and a $58.00 price target on the stock. The consensus estimate for Hydro One’s current full-year earnings is $2.06 per share. Desjardins also issued estimates for Hydro One’s Q2 2025 earnings at $0.49 EPS, Q3 2025 earnings at $0.58 EPS and Q4 2025 earnings at $0.43 EPS.

Several other brokerages have also commented on H. Scotiabank upped their price objective on shares of Hydro One from C$45.00 to C$46.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. CIBC upped their target price on Hydro One from C$46.00 to C$49.00 in a research report on Friday, April 4th. Jefferies Financial Group raised their price objective on Hydro One from C$45.00 to C$49.00 and gave the company a “hold” rating in a report on Tuesday, April 15th. Royal Bank of Canada upped their price objective on Hydro One from C$43.00 to C$46.00 in a research report on Friday, February 21st. Finally, Raymond James cut their price objective on shares of Hydro One from C$48.00 to C$45.00 and set a “market perform” rating for the company in a research report on Thursday, April 17th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$47.56.

Hydro One Trading Down 1.7 %

Shares of Hydro One stock opened at C$52.59 on Thursday. The stock has a fifty day moving average price of C$49.52 and a 200-day moving average price of C$46.45. Hydro One has a 1 year low of C$38.24 and a 1 year high of C$53.98. 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 firm has a market cap of C$31.53 billion, a PE ratio of 27.73, a P/E/G ratio of 3.17 and a beta of 0.34.

Hydro One Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were given a dividend of $0.3142 per share. This is a boost from Hydro One’s previous quarterly dividend of $0.31. The ex-dividend date was Wednesday, March 12th. This represents a $1.26 annualized dividend and a yield of 2.39%. Hydro One’s dividend payout ratio is currently 66.44%.

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.