South Bow FY2025 EPS Estimate Lifted by Atb Cap Markets

Key Points

• Atb Cap Markets has raised its FY2025 EPS estimate for South Bow Corporation to $1.68, slightly above their previous estimate of $1.67.
• South Bow's stock currently has a consensus rating of "Hold" with a price target of $29.40, despite mixed ratings from various analysts.
• The company recently announced a quarterly dividend of $0.50 per share, resulting in an annualized yield of 7.7% and a payout ratio of 108.11%.

South Bow Corporation (NYSE:SOBO - Free Report) - Investment analysts at Atb Cap Markets lifted their FY2025 EPS estimates for South Bow in a research note issued to investors on Sunday, October 19th. Atb Cap Markets analyst N. Heywood now expects that the company will post earnings of $1.68 per share for the year, up from their previous estimate of $1.67. The consensus estimate for South Bow's current full-year earnings is $1.74 per share.

Several other research firms have also recently commented on SOBO. Royal Bank Of Canada reiterated an "outperform" rating on shares of South Bow in a research report on Friday, August 8th. CIBC lifted their price objective on South Bow from $27.00 to $28.00 and gave the stock a "neutral" rating in a research note on Thursday, October 9th. Scotiabank lifted their price objective on South Bow from $27.00 to $28.00 and gave the company a "sector perform" rating in a report on Monday. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $27.00 price target on shares of South Bow in a research note on Thursday, August 21st. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of South Bow in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, South Bow presently has a consensus rating of "Hold" and a consensus price target of $29.40.

South Bow Price Performance

SOBO opened at $26.10 on Tuesday. The stock has a fifty day moving average price of $27.75 and a 200 day moving average price of $26.43. South Bow has a 1 year low of $21.16 and a 1 year high of $29.19. The stock has a market cap of $5.43 billion and a price-to-earnings ratio of 14.11. The company has a current ratio of 1.28, a quick ratio of 1.20 and a debt-to-equity ratio of 2.19.

South Bow (NYSE:SOBO - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.04. The business had revenue of $524.00 million during the quarter, compared to the consensus estimate of $449.00 million.

South Bow Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 29th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, September 29th. This represents a $2.00 annualized dividend and a yield of 7.7%. South Bow's dividend payout ratio is currently 108.11%.

Institutional Investors Weigh In On South Bow

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ausbil Investment Management Ltd bought a new position in shares of South Bow during the 1st quarter worth approximately $3,253,000. Oppenheimer & Co. Inc. bought a new stake in South Bow during the 1st quarter worth approximately $1,351,000. Wealthquest Corp purchased a new stake in shares of South Bow in the first quarter worth $18,580,000. Miller Howard Investments Inc. NY boosted its position in shares of South Bow by 87.8% during the 1st quarter. Miller Howard Investments Inc. NY now owns 817,558 shares of the company's stock valued at $20,864,000 after acquiring an additional 382,276 shares during the last quarter. Finally, Mutual Advisors LLC lifted its holdings in shares of South Bow by 23.5% during the 1st quarter. Mutual Advisors LLC now owns 27,505 shares of the company's stock worth $685,000 after acquiring an additional 5,229 shares during the last quarter.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.