US Capital Advisors Boosts Earnings Estimates for South Bow

South Bow Co. (NYSE:SOBO - Free Report) - Analysts at US Capital Advisors raised their FY2025 earnings per share (EPS) estimates for shares of South Bow in a research note issued on Tuesday, May 20th. US Capital Advisors analyst J. Carreker now expects that the company will post earnings per share of $1.64 for the year, up from their previous forecast of $1.61. The consensus estimate for South Bow's current full-year earnings is $1.74 per share. US Capital Advisors also issued estimates for South Bow's FY2027 earnings at $1.92 EPS.

Other equities research analysts also recently issued reports about the company. National Bankshares increased their price target on South Bow from $24.00 to $25.00 and gave the stock 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 target price for the company. in a research report on Friday, March 7th. JPMorgan Chase & Co. began coverage on shares of South Bow in a research note on Friday, March 28th. They set a "neutral" rating and a $28.00 target price for the company. Scotiabank upped their price target on shares of South Bow from $26.00 to $27.00 and gave the stock a "sector perform" rating in a report on Friday, March 7th. Finally, Wolfe Research lowered shares of South Bow from an "outperform" rating to a "peer perform" rating 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 given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, South Bow currently has an average rating of "Hold" and a consensus target price of $28.60.

South Bow Trading Up 4.2%

Shares of SOBO opened at $25.76 on Wednesday. South Bow has a twelve month low of $21.16 and a twelve month high of $27.60. The company has a market cap of $5.36 billion and a P/E ratio of 13.92. The company's fifty day simple moving average is $25.00 and its 200-day simple moving average is $24.76.

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

South Bow Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 7.76%. The ex-dividend date of this dividend is Monday, June 30th. South Bow's payout ratio is 108.11%.

Hedge Funds Weigh In On South Bow

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

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.

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.