National Bank Financial Forecasts South Bow Q1 Earnings

South Bow Co. (NYSE:SOBO) – Equities research analysts at National Bank Financial issued their Q1 2025 earnings estimates for shares of South Bow in a research report issued to clients and investors on Wednesday, April 23rd. National Bank Financial analyst P. Kenny anticipates that the company will post earnings per share of $0.43 for the quarter. The consensus estimate for South Bow’s current full-year earnings is $1.74 per share.

South Bow (NYSE:SOBO) last issued its earnings results on Wednesday, March 5th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.12. The company had revenue of $488.00 million for the quarter, compared to the consensus estimate of $524.87 million.

Other equities research analysts also recently issued reports about the company. TD Securities assumed coverage on South Bow in a research report on Wednesday, January 15th. They issued a “hold” rating on the stock. Wolfe Research cut South Bow from an “outperform” rating to a “peer perform” rating in a report on Friday, March 7th. CIBC lowered 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. National Bankshares upped their price target on shares of South Bow from $24.00 to $25.00 and gave the company a “sector perform” rating in a research note on Friday, March 7th. Finally, Scotiabank lifted their price objective on shares of South Bow from $26.00 to $27.00 and gave the stock a “sector perform” rating in a research note on Friday, March 7th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $26.25.

South Bow Stock Down 0.4 %

SOBO opened at $24.71 on Thursday. The company has a market capitalization of $5.15 billion and a PE ratio of 13.36. The firm has a 50-day simple moving average of $25.13 and a two-hundred day simple moving average of $24.64. South Bow has a 52 week low of $21.16 and a 52 week high of $27.60.

Hedge Funds Weigh In On South Bow

Several hedge funds have recently added to or reduced their stakes in the company. Wiser Advisor Group LLC purchased a new position in shares of South Bow during the fourth quarter valued at approximately $27,000. Roxbury Financial LLC purchased a new stake in South Bow in the fourth quarter worth $29,000. BNP Paribas Financial Markets bought a new stake in shares of South Bow during the fourth quarter worth $29,000. Louisbourg Investments Inc. bought a new stake in shares of South Bow during the first quarter worth $31,000. Finally, Assetmark Inc. bought a new position in shares of South Bow in the fourth quarter worth about $33,000.

South Bow Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.00 annualized dividend and a dividend yield of 8.09%. South Bow’s dividend payout ratio (DPR) 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.