Scotiabank Estimates South Bow’s FY2026 Earnings (NYSE:SOBO)

South Bow Corporation (NYSE:SOBO) – Equities research analysts at Scotiabank lifted their FY2026 EPS estimates for shares of South Bow in a report issued on Thursday, May 14th. Scotiabank analyst R. Hope now expects that the company will post earnings per share of $1.75 for the year, up from their prior forecast of $1.73. Scotiabank currently has a “Sector Perform” rating and a $36.00 target price on the stock. The consensus estimate for South Bow’s current full-year earnings is $1.89 per share. Scotiabank also issued estimates for South Bow’s FY2027 earnings at $2.03 EPS.

South Bow (NYSE:SOBO) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). South Bow had a return on equity of 15.24% and a net margin of 21.32%.The business had revenue of $491.00 million for the quarter, compared to analysts’ expectations of $491.21 million. During the same period last year, the business earned $0.47 earnings per share. The company’s revenue for the quarter was up 1.0% on a year-over-year basis.

Other research analysts have also recently issued reports about the stock. The Goldman Sachs Group started coverage on shares of South Bow in a research note on Monday, April 20th. They set a “sell” rating and a $29.00 price objective for the company. TD Securities reaffirmed a “hold” rating on shares of South Bow in a research note on Friday, May 1st. BMO Capital Markets reaffirmed a “market perform” rating on shares of South Bow in a research note on Monday, April 27th. Wall Street Zen cut shares of South Bow from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Finally, National Bank Financial lifted their target price on shares of South Bow from $29.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Monday, March 16th. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $30.63.

South Bow Trading Up 1.6%

Shares of SOBO opened at $36.60 on Friday. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.51 and a quick ratio of 1.37. The firm has a 50 day simple moving average of $33.50 and a 200-day simple moving average of $29.87. South Bow has a 1-year low of $24.51 and a 1-year high of $36.74. The stock has a market cap of $7.63 billion, a price-to-earnings ratio of 18.03 and a beta of 0.11.

South Bow Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date is Tuesday, June 30th. South Bow’s dividend payout ratio (DPR) is 98.52%.

Hedge Funds Weigh In On South Bow

Hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC boosted its holdings in shares of South Bow by 140.5% in the 1st quarter. Parallel Advisors LLC now owns 849 shares of the company’s stock valued at $28,000 after purchasing an additional 496 shares during the last quarter. City Holding Co. boosted its holdings in shares of South Bow by 277.4% in the 4th quarter. City Holding Co. now owns 1,000 shares of the company’s stock valued at $27,000 after purchasing an additional 735 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of South Bow by 157.3% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,055 shares of the company’s stock valued at $30,000 after acquiring an additional 645 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of South Bow by 780.3% during the 3rd quarter. IFP Advisors Inc now owns 1,206 shares of the company’s stock valued at $34,000 after acquiring an additional 1,069 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of South Bow by 1,993.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,340 shares of the company’s stock valued at $35,000 after acquiring an additional 1,276 shares in the last quarter.

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.