What is Scotiabank’s Forecast for South Bow FY2026 Earnings?

South Bow Corporation (NYSE:SOBO) – Equities research analysts at Scotiabank reduced their FY2026 earnings per share estimates for South Bow in a report issued on Thursday, October 22nd. Scotiabank analyst R. Hope now forecasts that the company will earn $1.83 per share for the year, down from their prior estimate of $1.84. Scotiabank has a “Sector Perform” rating and a $39.00 price target on the stock. The consensus estimate for South Bow’s current full-year earnings is $1.87 per share.

Several other brokerages also recently weighed in on SOBO. Weiss Ratings downgraded South Bow from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, September 8th. Wall Street Zen cut South Bow from a “hold” rating to a “sell” rating in a report on Saturday, October 17th. Raymond James Financial restated an “outperform” rating on shares of South Bow in a research note on Wednesday, October 14th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of South Bow in a report on Monday, August 10th. Finally, Barclays lowered South Bow from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $35.00 to $33.00 in a report on Friday, October 9th. Four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $32.50.

South Bow Trading Up 0.6%

Shares of South Bow stock opened at $35.66 on Tuesday. South Bow has a 1-year low of $25.01 and a 1-year high of $39.02. The company’s fifty day simple moving average is $35.51 and its 200-day simple moving average is $34.16. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.52 and a quick ratio of 1.44. The stock has a market capitalization of $7.44 billion, a PE ratio of 16.14 and a beta of 0.22.

South Bow (NYSE:SOBO) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.05. The firm had revenue of $546.00 million for the quarter, compared to analyst estimates of $496.87 million. South Bow had a return on equity of 15.84% and a net margin of 22.99%.

Institutional Trading of South Bow

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. apricus wealth LLC increased its position in South Bow by 4.2% during the third quarter. apricus wealth LLC now owns 16,000 shares of the company’s stock worth $530,000 after acquiring an additional 650 shares during the period. Miller Howard Investments Inc. NY lifted its stake in South Bow by 6.8% during the third quarter. Miller Howard Investments Inc. NY now owns 530,682 shares of the company’s stock worth $17,581,000 after purchasing an additional 33,746 shares during the last quarter. Baskin Financial Services Inc. purchased a new position in shares of South Bow in the 3rd quarter worth about $1,171,000. IFP Advisors Inc boosted its holdings in shares of South Bow by 202.6% in the 3rd quarter. IFP Advisors Inc now owns 2,454 shares of the company’s stock worth $81,000 after purchasing an additional 1,643 shares in the last quarter. Finally, TD Waterhouse Canada Inc. boosted its holdings in shares of South Bow by 1.6% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 1,978,562 shares of the company’s stock worth $66,282,000 after purchasing an additional 31,776 shares in the last quarter.

South Bow Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Tuesday, September 29th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend was Tuesday, September 29th. South Bow’s payout ratio is 90.50%.

About South Bow

South Bow Corp. (NYSE: SOBO) is a liquids-focused energy infrastructure company headquartered in Calgary, Alberta. The company owns and operates crude oil transportation and storage assets that connect Canadian production regions with refineries, storage hubs and export markets in the United States.

South Bow’s primary asset is the Keystone Pipeline System, which transports crude oil from Western Canada to destinations in the U.S. Midwest and along the U.S. Gulf Coast. The company also operates the Marketlink system, which moves crude from Cushing, Oklahoma, to the Gulf Coast, as well as Canadian pipeline assets serving oil sands and other production areas.

South Bow began operating as an independent publicly traded company in October 2024 following its separation from TC Energy.