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

South Bow Corporation (NYSE:SOBO) – Analysts at Scotiabank upped their FY2026 earnings estimates for South Bow in a report issued on Wednesday, August 19th. Scotiabank analyst R. Hope now forecasts that the company will post earnings per share of $1.84 for the year, up from their prior estimate of $1.75. Scotiabank has a “Sector Perform” rating and a $39.00 price target on the stock. The consensus estimate for South Bow’s current full-year earnings is $1.81 per share.

South Bow (NYSE:SOBO) last released its earnings results on Wednesday, August 5th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. South Bow had a net margin of 22.99% and a return on equity of 15.84%. The firm had revenue of $546.00 million for the quarter, compared to analysts’ expectations of $496.87 million.

Several other equities analysts have also weighed in on SOBO. Wall Street Zen raised South Bow from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. TD Securities restated a “hold” rating on shares of South Bow in a research note on Thursday, July 16th. Barclays upped their price target on South Bow from $34.00 to $35.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. BMO Capital Markets reiterated a “market perform” rating on shares of South Bow in a research note on Monday, July 6th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of South Bow in a report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $33.00.

South Bow Trading Up 2.2%

Shares of SOBO stock opened at $38.45 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.52 and a debt-to-equity ratio of 2.15. The firm has a market cap of $8.02 billion, a P/E ratio of 17.40 and a beta of 0.15. The company has a 50 day moving average of $36.63 and a 200-day moving average of $34.64. South Bow has a 12-month low of $25.01 and a 12-month high of $38.94.

Institutional Investors Weigh In On South Bow

A number of hedge funds and other institutional investors have recently bought and sold shares of SOBO. Steadtrust LLC grew its position in shares of South Bow by 0.9% during the 2nd quarter. Steadtrust LLC now owns 33,920 shares of the company’s stock valued at $1,195,000 after purchasing an additional 300 shares in the last quarter. Parkside Financial Bank & Trust raised its position in shares of South Bow by 10.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,770 shares of the company’s stock valued at $104,000 after buying an additional 344 shares in the last quarter. Quantinno Capital Management LP raised its position in shares of South Bow by 4.9% during the 2nd quarter. Quantinno Capital Management LP now owns 10,175 shares of the company’s stock valued at $264,000 after buying an additional 478 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of South Bow by 140.5% during the 1st quarter. Parallel Advisors LLC now owns 849 shares of the company’s stock worth $28,000 after acquiring an additional 496 shares during the last quarter. Finally, apricus wealth LLC grew its position in South Bow by 4.1% in the first quarter. apricus wealth LLC now owns 15,180 shares of the company’s stock worth $506,000 after acquiring an additional 600 shares in the last quarter.

South Bow Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Tuesday, September 29th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $2.00 annualized dividend and a yield of 5.2%. South Bow’s dividend payout ratio (DPR) is 90.50%.

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.