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Atb Cap Markets Lowers Earnings Estimates for South Bow

South Bow logo with Energy background

South Bow Corporation (NYSE:SOBO - Free Report) - Equities researchers at Atb Cap Markets reduced their FY2025 earnings estimates for shares of South Bow in a research report issued on Thursday, July 17th. Atb Cap Markets analyst N. Heywood now forecasts that the company will post earnings of $1.58 per share for the year, down from their previous estimate of $1.62. The consensus estimate for South Bow's current full-year earnings is $1.74 per share.

South Bow (NYSE:SOBO - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.05. The firm had revenue of $498.00 million for the quarter, compared to the consensus estimate of $527.00 million. The firm's quarterly revenue was down 8.5% on a year-over-year basis.

Several other equities research analysts have also recently weighed in on SOBO. JPMorgan Chase & Co. assumed coverage on South Bow in a research report on Friday, March 28th. They issued a "neutral" rating and a $28.00 price objective for the company. Royal Bank Of Canada reissued an "outperform" rating and issued a $38.00 price target on shares of South Bow in a report on Monday, May 19th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, South Bow presently has a consensus rating of "Hold" and an average target price of $28.60.

View Our Latest Analysis on South Bow

South Bow Stock Up 0.3%

South Bow stock opened at $26.87 on Monday. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.29 and a quick ratio of 1.20. South Bow has a fifty-two week low of $21.16 and a fifty-two week high of $27.60. The firm has a fifty day moving average price of $26.21 and a two-hundred day moving average price of $25.30. The firm has a market cap of $5.59 billion and a price-to-earnings ratio of 14.52.

South Bow Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a $0.50 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $2.00 annualized dividend and a yield of 7.44%. South Bow's payout ratio is 108.11%.

Institutional Trading of South Bow

Several large investors have recently made changes to their positions in SOBO. BNP Paribas Financial Markets bought a new position in shares of South Bow in the fourth quarter valued at about $29,000. Louisbourg Investments Inc. acquired a new stake in South Bow in the 1st quarter valued at about $31,000. Sit Investment Associates Inc. bought a new position in shares of South Bow in the fourth quarter worth about $34,000. Tower Research Capital LLC TRC acquired a new position in shares of South Bow during the fourth quarter worth approximately $35,000. Finally, Brown Brothers Harriman & Co. acquired a new position in shares of South Bow during the fourth quarter worth approximately $41,000.

South Bow Company Profile

(Get Free Report)

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.

Further Reading

Earnings History and Estimates for South Bow (NYSE:SOBO)

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