National Bank Financial Estimates South Bow FY2024 Earnings

South Bow Co. (NYSE:SOBO) – National Bank Financial lowered their FY2024 earnings per share (EPS) estimates for South Bow in a research report issued on Monday, January 6th. National Bank Financial analyst P. Kenny now expects that the company will post earnings per share of $1.70 for the year, down from their prior forecast 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.

Other analysts have also recently issued research reports about the stock. Morgan Stanley started coverage on shares of South Bow in a research note on Friday, October 25th. They set an “underweight” rating for the company. Jefferies Financial Group assumed coverage on shares of South Bow in a research report on Tuesday, October 8th. They set a “hold” rating for the company. US Capital Advisors raised South Bow to a “strong-buy” rating in a research report on Monday, October 28th. Wells Fargo & Company cut South Bow from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 18th. Finally, CIBC raised South Bow from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $23.00 to $25.00 in a report on Thursday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $25.00.

South Bow Price Performance

Shares of South Bow stock opened at $23.30 on Wednesday. The firm’s fifty day simple moving average is $24.46. South Bow has a 1 year low of $21.12 and a 1 year high of $27.30.

South Bow Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.58%. South Bow’s payout ratio is 114.29%.

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.