US Capital Advisors Predicts South Bow Q1 Earnings

South Bow Co. (NYSE:SOBO - Free Report) - Equities researchers at US Capital Advisors lowered their Q1 2025 earnings estimates for shares of South Bow in a report issued on Monday, April 28th. US Capital Advisors analyst J. Carreker now forecasts that the company will earn $0.32 per share for the quarter, down from their prior forecast of $0.33. 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 earnings results on Wednesday, March 5th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.12. The company had revenue of $488.00 million during the quarter, compared to analyst estimates of $524.87 million.

Several other equities research analysts also recently weighed in on the company. National Bankshares increased their price objective on South Bow from $24.00 to $25.00 and gave the company a "sector perform" rating in a report on Friday, March 7th. CIBC cut shares of South Bow from a "sector outperform" rating to a "neutral" rating and set a $25.00 target price for the company. in a report on Friday, March 7th. Royal Bank of Canada reissued an "outperform" rating on shares of South Bow in a report on Friday, March 7th. Scotiabank upped their price objective on South Bow from $26.00 to $27.00 and gave the company a "sector perform" rating in a research note on Friday, March 7th. Finally, JPMorgan Chase & Co. assumed coverage on South Bow in a research note on Friday, March 28th. They issued a "neutral" rating and a $28.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $26.25.

South Bow Trading Up 2.5 %

Shares of South Bow stock traded up $0.63 on Tuesday, hitting $25.54. The stock had a trading volume of 620,012 shares, compared to its average volume of 899,732. The stock has a market cap of $5.32 billion and a price-to-earnings ratio of 13.81. South Bow has a 52-week low of $21.16 and a 52-week high of $27.60. The company's 50 day moving average price is $25.11 and its 200 day moving average price is $24.71.

South Bow Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 7.83%. The ex-dividend date of this dividend was Monday, March 31st. South Bow's dividend payout ratio (DPR) is presently 108.11%.

Institutional Investors Weigh In On South Bow

Institutional investors and hedge funds have recently made changes to their positions in the business. Wiser Advisor Group LLC acquired a new stake in shares of South Bow during the fourth quarter valued at $27,000. Roxbury Financial LLC purchased a new stake in shares of South Bow during the fourth quarter worth about $29,000. BNP Paribas Financial Markets acquired a new position in shares of South Bow in the fourth quarter valued at approximately $29,000. Louisbourg Investments Inc. purchased a new position in shares of South Bow during the first quarter valued at approximately $31,000. Finally, Assetmark Inc. acquired a new stake in South Bow during the fourth quarter worth approximately $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.