What is Atb Cap Markets' Forecast for South Bow Q2 Earnings?

South Bow Co. (NYSE:SOBO - Free Report) - Investment analysts at Atb Cap Markets cut their Q2 2025 EPS estimates for South Bow in a report issued on Monday, May 19th. Atb Cap Markets analyst N. Heywood now forecasts that the company will post earnings per share of $0.37 for the quarter, down from their prior estimate 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 Q3 2025 earnings at $0.37 EPS and FY2027 earnings at $2.06 EPS.

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

Several other equities analysts have also issued reports on the stock. Wolfe Research lowered shares of South Bow from an "outperform" rating to a "peer perform" rating in a report on Friday, March 7th. Royal Bank of Canada reissued an "outperform" rating and set a $38.00 price objective on shares of South Bow in a report on Monday, May 19th. National Bankshares lifted their price objective 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. Scotiabank lifted their price objective on shares of South Bow from $26.00 to $27.00 and gave the company a "sector perform" rating in a report on Friday, March 7th. Finally, CIBC lowered shares of South Bow from a "sector outperform" rating to a "neutral" rating and set a $25.00 price objective on the stock. in a report on Friday, March 7th. Two equities research 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.

South Bow Stock Up 2.8%

SOBO stock traded up $0.73 during trading on Wednesday, hitting $26.67. 856,229 shares of the company's stock traded hands, compared to its average volume of 871,325. The firm has a market capitalization of $5.55 billion and a P/E ratio of 14.41. The business has a fifty day simple moving average of $25.01 and a two-hundred day simple moving average of $24.82. South Bow has a 1 year low of $21.16 and a 1 year high of $27.60.

South Bow Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 7.50%. The ex-dividend date of this dividend is Monday, June 30th. South Bow's dividend payout ratio is currently 108.11%.

Hedge Funds Weigh In On South Bow

Several institutional investors and hedge funds have recently bought and sold shares of the company. HighTower Advisors LLC grew its holdings in South Bow by 0.4% in the first quarter. HighTower Advisors LLC now owns 112,769 shares of the company's stock worth $2,878,000 after purchasing an additional 451 shares during the last quarter. Roxbury Financial LLC purchased a new position in South Bow in the fourth quarter worth $29,000. Wiser Advisor Group LLC purchased a new position in South Bow in the fourth quarter worth $27,000. Louisbourg Investments Inc. purchased a new position in South Bow in the first quarter worth $31,000. Finally, BNP Paribas Financial Markets acquired a new stake in shares of South Bow during the fourth quarter worth $29,000.

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.