South Bow (SOBO) Expected to Announce Earnings on Thursday

by · The Cerbat Gem

South Bow (NYSE:SOBO – Get Free Report) is anticipated to post its Q1 2025 quarterly earnings results after the market closes on Thursday, May 15th. Analysts expect South Bow to post earnings of $0.42 per share and revenue of $527.00 million for the quarter.

South Bow (NYSE:SOBO – Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.12. The business had revenue of $488.00 million for the quarter, compared to analysts’ expectations of $524.87 million. On average, analysts expect South Bow to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

South Bow Trading Up 0.3%

South Bow stock opened at $25.23 on Wednesday. South Bow has a 1-year low of $21.16 and a 1-year high of $27.60. The firm has a market capitalization of $5.25 billion and a PE ratio of 13.64. The firm’s 50 day simple moving average is $24.96 and its 200 day simple moving average is $24.72.

South Bow Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 7.93%. The ex-dividend date of this dividend was Monday, March 31st. South Bow’s dividend payout ratio is presently 108.11%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Wolfe Research cut shares of South Bow from an “outperform” rating to a “peer perform” rating in a research note on Friday, March 7th. National Bankshares increased their target price on shares of South Bow from $24.00 to $25.00 and gave the stock a “sector perform” rating in a research note on Friday, March 7th. CIBC cut shares of South Bow from a “sector outperform” rating to a “neutral” rating and set a $25.00 target price on the stock. in a research note on Friday, March 7th. Scotiabank increased their target price on shares of South Bow from $26.00 to $27.00 and gave the stock a “sector perform” rating in a research note on Friday, March 7th. Finally, JPMorgan Chase & Co. assumed coverage on shares of South Bow in a research note on Friday, March 28th. They issued a “neutral” rating and a $28.00 target price on the stock. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $26.25.

Check Out Our Latest Stock Report on SOBO

About South Bow

(Get Free Report)

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.

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