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

South Bow Corporation (NYSE:SOBO) – Scotiabank dropped their FY2026 earnings estimates for South Bow in a report released on Thursday, October 22nd. Scotiabank analyst R. Hope now anticipates that the company will post earnings per share of $1.83 for the year, down from their prior estimate of $1.84. Scotiabank currently has a “Sector Perform” rating and a $39.00 price objective on the stock. The consensus estimate for South Bow’s current full-year earnings is $1.87 per share.

South Bow (NYSE:SOBO) last announced its quarterly earnings data 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 return on equity of 15.84% and a net margin of 22.99%. The business had revenue of $546.00 million for the quarter, compared to analyst estimates of $496.87 million.

Other equities analysts have also recently issued reports about the stock. Raymond James Financial reiterated an “outperform” rating on shares of South Bow in a research note on Wednesday, October 14th. Wall Street Zen cut South Bow from a “hold” rating to a “sell” rating in a research report on Saturday, October 17th. Barclays lowered South Bow from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $35.00 to $33.00 in a research note on Friday, October 9th. BMO Capital Markets reiterated a “market perform” rating on shares of South Bow in a research report on Monday, July 6th. Finally, Weiss Ratings lowered South Bow from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, September 8th. Four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $32.50.

South Bow Price Performance

NYSE:SOBO opened at $35.66 on Tuesday. South Bow has a one year low of $25.01 and a one year high of $39.02. The company has a debt-to-equity ratio of 2.15, a quick ratio of 1.44 and a current ratio of 1.52. The firm has a market cap of $7.44 billion, a price-to-earnings ratio of 16.14 and a beta of 0.22. The firm’s fifty day moving average is $35.51 and its two-hundred day moving average is $34.16.

South Bow Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Tuesday, September 29th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $2.00 dividend on an annualized basis and a yield of 5.6%. South Bow’s dividend payout ratio (DPR) is currently 90.50%.

Institutional Trading of South Bow

Several institutional investors have recently made changes to their positions in the stock. Steadtrust LLC increased 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 worth $1,195,000 after purchasing an additional 300 shares in the last quarter. Parallel Advisors LLC grew its stake in South Bow by 140.5% in the first quarter. Parallel Advisors LLC now owns 849 shares of the company’s stock valued at $28,000 after acquiring an additional 496 shares during the period. apricus wealth LLC increased its holdings in South Bow by 4.2% during the 3rd quarter. apricus wealth LLC now owns 16,000 shares of the company’s stock worth $530,000 after purchasing an additional 650 shares in the last quarter. PensionDanmark Pensionsforsikringsaktieselskab grew its position in South Bow by 14.3% in the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 5,882 shares of the company’s stock valued at $207,000 after purchasing an additional 738 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in South Bow by 78.2% during the first quarter. EverSource Wealth Advisors LLC now owns 1,893 shares of the company’s stock worth $63,000 after buying an additional 831 shares during the last quarter.

South Bow Company Profile

South Bow Corp. (NYSE: SOBO) is a liquids-focused energy infrastructure company headquartered in Calgary, Alberta. The company owns and operates crude oil transportation and storage assets that connect Canadian production regions with refineries, storage hubs and export markets in the United States.

South Bow’s primary asset is the Keystone Pipeline System, which transports crude oil from Western Canada to destinations in the U.S. Midwest and along the U.S. Gulf Coast. The company also operates the Marketlink system, which moves crude from Cushing, Oklahoma, to the Gulf Coast, as well as Canadian pipeline assets serving oil sands and other production areas.

South Bow began operating as an independent publicly traded company in October 2024 following its separation from TC Energy.