Q1 Earnings Forecast for South Bow Issued By Atb Cap Markets

South Bow Co. (NYSE:SOBO - Free Report) - Equities research analysts at Atb Cap Markets upped their Q1 2025 EPS estimates for South Bow in a research note issued on Wednesday, April 23rd. Atb Cap Markets analyst N. Heywood now anticipates that the company will earn $0.45 per share 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.

Several other brokerages also recently issued reports on SOBO. Royal Bank of Canada reissued an "outperform" rating on shares of South Bow in a research report on Friday, March 7th. National Bankshares increased their price objective on South Bow from $24.00 to $25.00 and gave the stock a "sector perform" rating in a research report on Friday, March 7th. Scotiabank boosted their target price on South Bow from $26.00 to $27.00 and gave the company a "sector perform" rating in a report on Friday, March 7th. CIBC downgraded South Bow from a "sector outperform" rating to a "neutral" rating and set a $25.00 price target for the company. in a report on Friday, March 7th. Finally, Wolfe Research cut shares of South Bow from an "outperform" rating to a "peer perform" rating in a research note on Friday, March 7th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $26.25.

South Bow Trading Down 1.6 %

Shares of NYSE SOBO traded down $0.40 during trading hours on Monday, reaching $24.72. The stock had a trading volume of 405,571 shares, compared to its average volume of 924,861. The firm has a market cap of $5.15 billion and a price-to-earnings ratio of 13.36. South Bow has a fifty-two week low of $21.12 and a fifty-two week high of $27.60. The firm has a 50-day moving average of $25.14 and a 200-day moving average of $24.67.

South Bow (NYSE:SOBO - Get Free Report) last released its quarterly earnings data 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.

South Bow Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 8.09%. The ex-dividend date was Monday, March 31st. South Bow's dividend payout ratio is currently 108.11%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Wiser Advisor Group LLC acquired a new position in shares of South Bow during the 4th quarter worth about $27,000. Roxbury Financial LLC bought a new stake in South Bow during the 4th quarter worth about $29,000. BNP Paribas Financial Markets acquired a new position in shares of South Bow during the fourth quarter valued at $29,000. Louisbourg Investments Inc. acquired a new position in shares of South Bow in the 1st quarter valued at $31,000. Finally, Assetmark Inc. acquired a new stake in shares of South Bow in the 4th quarter valued at approximately $33,000.

South Bow Company Profile

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.