South Bow FY2024 EPS Lowered by National Bank Financial

South Bow Co. (NYSE:SOBO) – Equities researchers at National Bank Financial reduced their FY2024 earnings per share estimates for shares of South Bow in a note issued to investors 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 previous 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.

Several other equities analysts also recently commented on SOBO. Tudor Pickering raised shares of South Bow to a “strong-buy” rating in a research note on Tuesday, November 19th. Jefferies Financial Group started coverage on shares of South Bow in a research report on Tuesday, October 8th. They set a “hold” rating on the stock. Scotiabank upgraded shares of South Bow to a “hold” rating in a report on Friday, December 27th. Wells Fargo & Company lowered shares of South Bow from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 18th. Finally, Cibc World Mkts raised South Bow to a “hold” rating in a research report on Friday, October 11th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a strong buy rating to the company. According to MarketBeat, South Bow currently has a consensus rating of “Hold”.

South Bow Trading Down 1.5 %

Shares of South Bow stock opened at $23.30 on Wednesday. The business has a 50 day moving average price of $24.51. South Bow has a 52-week low of $21.12 and a 52-week high of $27.30.

South Bow Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.50 per share. The ex-dividend date 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 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.