What is Scotiabank’s Forecast for South Bow FY2026 Earnings?

South Bow Corporation (NYSE:SOBO) – Stock analysts at Scotiabank lifted their FY2026 EPS estimates for South Bow in a report released on Thursday, April 23rd. Scotiabank analyst R. Hope now expects that the company will post earnings per share of $1.73 for the year, up from their previous forecast of $1.71. Scotiabank currently has a “Sector Perform” rating and a $34.00 target price on the stock. The consensus estimate for South Bow’s current full-year earnings is $1.88 per share.

South Bow (NYSE:SOBO) last posted its earnings results on Thursday, March 5th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.21. The firm had revenue of $503.00 million during the quarter, compared to the consensus estimate of $500.57 million. South Bow had a net margin of 21.80% and a return on equity of 15.55%. The company’s revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the company earned $0.54 earnings per share.

Other equities analysts also recently issued research reports about the stock. Wolfe Research downgraded shares of South Bow from a “peer perform” rating to an “underperform” rating and set a $24.00 target price for the company. in a research note on Wednesday, January 14th. The Goldman Sachs Group began coverage on shares of South Bow in a research note on Monday, April 20th. They issued a “sell” rating and a $29.00 target price for the company. National Bank Financial boosted their price objective on shares of South Bow from $29.00 to $30.00 and gave the company a “sector perform” rating in a research note on Monday, March 16th. Barclays boosted their price objective on shares of South Bow from $27.00 to $33.00 and gave the company an “equal weight” rating in a research note on Monday, March 9th. Finally, Weiss Ratings raised shares of South Bow from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 20th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, South Bow presently has a consensus rating of “Reduce” and an average price target of $30.38.

South Bow Price Performance

SOBO opened at $32.04 on Monday. The company has a market capitalization of $6.68 billion, a price-to-earnings ratio of 15.41 and a beta of 0.15. The company has a quick ratio of 1.43, a current ratio of 1.50 and a debt-to-equity ratio of 2.13. The firm has a 50-day moving average price of $32.74 and a 200-day moving average price of $29.19. South Bow has a twelve month low of $24.51 and a twelve month high of $34.90.

Hedge Funds Weigh In On South Bow

A number of hedge funds and other institutional investors have recently bought and sold shares of SOBO. Cubist Systematic Strategies LLC purchased a new position in South Bow in the 1st quarter worth approximately $85,000. Amundi purchased a new position in South Bow in the 1st quarter worth approximately $588,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in South Bow by 17.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 199,035 shares of the company’s stock worth $5,079,000 after buying an additional 29,542 shares in the last quarter. Acadian Asset Management LLC purchased a new position in South Bow in the 1st quarter worth approximately $885,000. Finally, Geode Capital Management LLC grew its stake in South Bow by 7.5% in the 2nd quarter. Geode Capital Management LLC now owns 172,491 shares of the company’s stock worth $4,499,000 after buying an additional 11,984 shares in the last quarter.

South Bow Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend was Tuesday, March 31st. South Bow’s payout ratio is currently 96.15%.

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.