Q1 EPS Estimates for South Bow Cut by US Capital Advisors

South Bow Co. (NYSE:SOBO - Free Report) - Equities researchers at US Capital Advisors reduced their Q1 2025 earnings estimates for South Bow in a research report issued on Monday, March 24th. US Capital Advisors analyst J. Carreker now expects that the company will post earnings per share of $0.33 for the quarter, down from their prior estimate of $0.43. 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 Q2 2025 earnings at $0.38 EPS, Q3 2025 earnings at $0.42 EPS, FY2025 earnings at $1.61 EPS and FY2026 earnings at $1.87 EPS.

Other equities research analysts have also issued reports about the stock. JPMorgan Chase & Co. assumed coverage on shares of South Bow in a research note on Friday. They set a "neutral" rating and a $28.00 target price for the company. TD Securities initiated coverage on South Bow in a report on Wednesday, January 15th. They issued a "hold" rating on the stock. Wolfe Research lowered shares of South Bow from an "outperform" rating to a "peer perform" rating in a research report on Friday, March 7th. Royal Bank of Canada reiterated an "outperform" rating on shares of South Bow in a research report on Friday, March 7th. Finally, Wells Fargo & Company cut South Bow from a "hold" rating to a "strong sell" rating in a research report on Wednesday, December 18th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $26.25.

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South Bow Price Performance

Shares of NYSE SOBO traded up $0.15 during trading on Wednesday, reaching $26.18. 8,839,059 shares of the company traded hands, compared to its average volume of 879,798. The firm's 50 day moving average price is $25.31. South Bow has a 52-week low of $21.98 and a 52-week high of $27.60. The stock has a market capitalization of $5.45 billion and a PE ratio of 14.15.

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

Institutional Trading of South Bow

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC purchased a new position in South Bow in the 4th quarter worth about $461,249,000. Capital International Investors purchased a new position in South Bow during the 4th quarter worth $315,469,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of South Bow in the 4th quarter worth $290,786,000. Vanguard Group Inc. purchased a new position in shares of South Bow during the fourth quarter valued at $206,467,000. Finally, Bank of Montreal Can purchased a new stake in South Bow in the fourth quarter worth about $126,068,000.

South Bow Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.64%. The ex-dividend date is Monday, March 31st. South Bow's dividend payout ratio (DPR) is 108.11%.

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.