National Bank Financial Forecasts South Bow FY2024 Earnings

South Bow Co. (NYSE:SOBO) – Equities researchers at National Bank Financial cut their FY2024 earnings estimates for South Bow in a report released 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.

Other equities research analysts have also issued research reports about the company. Tudor Pickering upgraded South Bow to a “strong-buy” rating in a research report on Tuesday, November 19th. US Capital Advisors raised South Bow to a “strong-buy” rating in a research note on Monday, October 28th. Morgan Stanley assumed coverage on shares of South Bow in a research note on Friday, October 25th. They issued an “underweight” rating for the company. Wells Fargo & Company cut shares of South Bow from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 18th. Finally, Jefferies Financial Group began coverage on South Bow in a research report on Tuesday, October 8th. They issued a “hold” rating on the stock. Two 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

South Bow Trading Down 1.5 %

NYSE:SOBO opened at $23.30 on Wednesday. The stock’s 50 day moving average is $24.51. South Bow has a twelve month low of $21.12 and a twelve month 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 paid a $0.50 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a yield of 8.58%. South Bow’s dividend payout ratio is presently 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.