South Bow (SOBO) Expected to Announce Quarterly Earnings on Thursday

South Bow (NYSE:SOBO) is expected to be announcing its Q1 2025 earnings results after the market closes on Thursday, May 15th. Analysts expect the company to announce earnings of $0.42 per share and revenue of $527.00 million for the quarter.

South Bow (NYSE:SOBO) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.12. The firm had revenue of $488.00 million during 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 Down 0.7%

Shares of NYSE:SOBO opened at $25.15 on Tuesday. The company has a 50 day moving average of $24.96 and a 200 day moving average of $24.72. The stock has a market cap of $5.24 billion and a P/E ratio of 13.59. South Bow has a 12 month low of $21.16 and a 12 month high of $27.60.

South Bow Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.50 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.00 annualized dividend and a dividend yield of 7.95%. South Bow’s payout ratio is currently 108.11%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. CIBC downgraded South Bow from a “sector outperform” rating to a “neutral” rating and set a $25.00 price target for the company. in a research report on Friday, March 7th. Wolfe Research downgraded shares of South Bow from an “outperform” rating to a “peer perform” rating in a research note on Friday, March 7th. TD Securities assumed coverage on shares of South Bow in a report on Wednesday, January 15th. They issued a “hold” rating on the stock. JPMorgan Chase & Co. assumed coverage on shares of South Bow in a research report on Friday, March 28th. They issued a “neutral” rating and a $28.00 target price for the company. Finally, Scotiabank upped their price objective on South Bow from $26.00 to $27.00 and gave the stock a “sector perform” rating in a report on Friday, March 7th. Two analysts have rated the stock with a sell rating, eight have assigned 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 company currently has an average rating of “Hold” and an average price target of $26.25.

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.