Q1 Earnings Estimate for South Bow Issued By Atb Cap Markets

South Bow Co. (NYSE:SOBO - Free Report) - Equities research analysts at Atb Cap Markets lifted their Q1 2025 earnings estimates for shares of South Bow in a research report issued to clients and investors on Wednesday, April 23rd. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings per share of $0.45 for the quarter, up from their prior forecast of $0.40. The consensus estimate for South Bow's current full-year earnings is $1.74 per share. Atb Cap Markets also issued estimates for South Bow's FY2025 earnings at $1.62 EPS.

South Bow (NYSE:SOBO - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.12. The company had revenue of $488.00 million during the quarter, compared to the consensus estimate of $524.87 million.

Other analysts also recently issued research reports about the company. Royal Bank of Canada reaffirmed an "outperform" rating on shares of South Bow in a research note on Friday, March 7th. Scotiabank upped their price target on shares of South Bow from $26.00 to $27.00 and gave the company a "sector perform" rating in a research note on Friday, March 7th. CIBC lowered shares of South Bow from a "sector outperform" rating to a "neutral" rating and set a $25.00 price objective for the company. in a research report on Friday, March 7th. Wolfe Research downgraded shares of South Bow from an "outperform" rating to a "peer perform" rating in a report on Friday, March 7th. Finally, JPMorgan Chase & Co. assumed coverage on shares of South Bow in a report on Friday, March 28th. They issued a "neutral" rating and a $28.00 price target for the company. Two investment analysts have rated the stock with a sell rating, eight have given 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, the stock currently has an average rating of "Hold" and an average price target of $26.25.

South Bow Price Performance

Shares of SOBO stock traded up $0.25 during trading hours on Monday, hitting $25.16. The stock had a trading volume of 32,254 shares, compared to its average volume of 895,631. The stock's 50-day moving average price is $25.12 and its two-hundred day moving average price is $24.69. South Bow has a one year low of $21.16 and a one year high of $27.60. The stock has a market capitalization of $5.24 billion and a price-to-earnings ratio of 13.61.

Institutional Trading of South Bow

Several institutional investors have recently added to or reduced their stakes in SOBO. Mutual Advisors LLC purchased a new stake in shares of South Bow in the fourth quarter worth approximately $517,000. Rhumbline Advisers bought a new position in South Bow in the 4th quarter valued at $34,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new stake in South Bow in the fourth quarter worth $6,787,000. US Bancorp DE bought a new stake in shares of South Bow during the fourth quarter worth $373,000. Finally, Assetmark Inc. purchased a new stake in shares of South Bow during the fourth quarter valued at $33,000.

South Bow Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 7.95%. The ex-dividend date was Monday, March 31st. South Bow's dividend payout ratio (DPR) is currently 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.