Brokers Issue Forecasts for South Bow FY2024 Earnings

South Bow Co. (NYSE:SOBO) – Research analysts at National Bank Financial decreased their FY2024 earnings per share estimates for shares of South Bow in a research note issued on Monday, January 6th. National Bank Financial analyst P. Kenny now forecasts that the company will earn $1.70 per share for the year, down from their previous estimate of $1.72. The consensus estimate for South Bow’s current full-year earnings is $1.83 per share. National Bank Financial also issued estimates for South Bow’s FY2025 earnings at $1.78 EPS, FY2026 earnings at $1.89 EPS, FY2027 earnings at $1.96 EPS and FY2028 earnings at $2.01 EPS.

A number of other equities analysts also recently weighed in on the company. US Capital Advisors raised South Bow to a “strong-buy” rating in a research report on Monday, October 28th. Tudor Pickering upgraded South Bow to a “strong-buy” rating in a research note on Tuesday, November 19th. Morgan Stanley began coverage on shares of South Bow in a research report on Friday, October 25th. They set an “underweight” rating for the company. Jefferies Financial Group started coverage on shares of South Bow in a research report on Tuesday, October 8th. They issued a “hold” rating on the stock. Finally, Wells Fargo & Company downgraded shares of South Bow from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 18th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a strong buy rating to the stock. According to MarketBeat, South Bow presently has a consensus rating of “Hold”.

South Bow Stock Up 0.2 %

Shares of SOBO stock opened at $23.71 on Wednesday. The company has a fifty day moving average price of $24.52. South Bow has a one year low of $21.12 and a one year high of $27.30.

South Bow Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 8.44%. The ex-dividend date of this dividend is Tuesday, December 31st. South Bow’s dividend payout ratio is currently 114.29%.

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.