South Bow FY2025 EPS Forecast Cut by National Bank Financial

South Bow Co. (NYSE:SOBO) – Analysts at National Bank Financial lowered their FY2025 EPS estimates for South Bow in a note issued to investors on Thursday, March 6th. National Bank Financial analyst P. Kenny now anticipates that the company will post earnings per share of $1.59 for the year, down from their prior estimate of $1.78. The consensus estimate for South Bow’s current full-year earnings is $1.74 per share. National Bank Financial also issued estimates for South Bow’s FY2026 earnings at $1.75 EPS.

SOBO has been the subject of a number of other research reports. Tudor Pickering raised shares of South Bow to a “strong-buy” rating in a report on Tuesday, November 19th. TD Securities began coverage on shares of South Bow in a report on Wednesday, January 15th. They issued a “hold” rating for the company. Scotiabank lifted their price objective on shares of South Bow from $26.00 to $27.00 and gave the stock a “sector perform” rating in a report on Friday, March 7th. Royal Bank of Canada reaffirmed an “outperform” rating on shares of South Bow in a report on Friday. Finally, National Bankshares boosted their price target on shares of South Bow from $24.00 to $25.00 and gave the company a “sector perform” rating in a report on Friday, March 7th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $25.67.

South Bow Trading Up 1.7 %

South Bow stock opened at $25.27 on Monday. The firm has a market capitalization of $5.26 billion and a P/E ratio of 13.66. The stock has a fifty day simple moving average of $24.63. South Bow has a 12 month low of $21.12 and a 12 month high of $27.60.

South Bow (NYSE:SOBO) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.12. The company had revenue of $488.00 million for the quarter, compared to analyst estimates of $524.87 million.

Hedge Funds Weigh In On South Bow

Several hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC bought a new stake in shares of South Bow during the fourth quarter valued at about $461,249,000. Capital International Investors bought a new stake in shares of South Bow during the fourth quarter valued at about $315,469,000. Price T Rowe Associates Inc. MD bought a new stake in shares of South Bow during the fourth quarter valued at about $290,786,000. Vanguard Group Inc. bought a new stake in shares of South Bow during the fourth quarter valued at about $206,467,000. Finally, Bank of Montreal Can bought a new stake in shares of South Bow during the fourth quarter valued at about $126,068,000.

South Bow Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 7.91%. The ex-dividend date is Monday, March 31st. South Bow’s dividend payout ratio (DPR) is 108.11%.

About South Bow

South Bow Corp is a strategic liquids pipeline company. It is a new liquids-focused midstream infrastructure company. South Bow Corp is based in Canada.