Brokers Set Expectations for South Bow FY2025 Earnings

South Bow Co. (NYSE:SOBO - Free Report) - Equities research analysts at National Bank Financial raised their FY2025 earnings estimates for shares of South Bow in a report issued on Wednesday, April 23rd. National Bank Financial analyst P. Kenny now anticipates that the company will post earnings per share of $1.61 for the year, up from their prior estimate of $1.59. The consensus estimate for South Bow's current full-year earnings is $1.74 per share.

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

A number of other brokerages have also weighed in on SOBO. Scotiabank raised 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. National Bankshares raised 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. TD Securities initiated coverage on shares of South Bow in a report on Wednesday, January 15th. They issued a "hold" rating on the stock. JPMorgan Chase & Co. initiated coverage on shares of South Bow in a report on Friday, March 28th. They issued a "neutral" rating and a $28.00 price objective on the stock. 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 analysts have rated the stock with a sell rating, eight have given a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $26.25.

South Bow Stock Down 1.8 %

SOBO stock traded down $0.46 during midday trading on Friday, hitting $24.66. The company's stock had a trading volume of 166,175 shares, compared to its average volume of 904,386. South Bow has a 52-week low of $21.16 and a 52-week high of $27.60. The firm has a market capitalization of $5.13 billion and a P/E ratio of 13.33. The firm has a 50-day simple moving average of $25.14 and a 200-day simple moving average of $24.67.

Institutional Inflows and Outflows

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

South Bow Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.50 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a yield of 8.11%. South Bow's dividend payout ratio is presently 108.11%.

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.