Zacks Research Comments on Imperial Oil Limited’s FY2024 Earnings (TSE:IMO)

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) – Zacks Research raised their FY2024 earnings per share (EPS) estimates for Imperial Oil in a research note issued to investors on Friday, October 4th. Zacks Research analyst R. Department now anticipates that the company will post earnings per share of $8.27 for the year, up from their prior forecast of $8.26. The consensus estimate for Imperial Oil’s current full-year earnings is $7.65 per share. Zacks Research also issued estimates for Imperial Oil’s Q1 2025 earnings at $1.71 EPS and Q2 2025 earnings at $2.15 EPS.

IMO has been the topic of a number of other reports. TD Securities boosted their price target on Imperial Oil from C$91.00 to C$92.00 and gave the stock a “hold” rating in a research report on Thursday, August 8th. Wolfe Research raised Imperial Oil to a “strong-buy” rating in a research report on Thursday, July 18th. BMO Capital Markets boosted their price target on Imperial Oil from C$115.00 to C$120.00 in a research report on Friday. Scotiabank cut Imperial Oil from an “outperform” rating to a “sector perform” rating and set a C$110.00 price objective on the stock. in a research report on Wednesday, September 25th. Finally, Desjardins upped their price objective on Imperial Oil from C$92.00 to C$101.00 and gave the company a “hold” rating in a research report on Tuesday, July 23rd. Ten investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Imperial Oil presently has an average rating of “Hold” and an average price target of C$99.46.

Imperial Oil Stock Up 1.5 %

Shares of TSE:IMO opened at C$104.79 on Monday. Imperial Oil has a 1 year low of C$72.03 and a 1 year high of C$106.09. The company has a market cap of C$56.15 billion, a PE ratio of 10.98, a P/E/G ratio of 0.21 and a beta of 1.80. The company has a debt-to-equity ratio of 18.27, a current ratio of 1.40 and a quick ratio of 0.98. The stock’s 50-day moving average is C$97.62 and its 200 day moving average is C$95.41.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last released its quarterly earnings data on Friday, August 2nd. The company reported C$2.11 EPS for the quarter, topping the consensus estimate of C$1.94 by C$0.17. Imperial Oil had a return on equity of 22.17% and a net margin of 10.09%. The firm had revenue of C$13.38 billion for the quarter, compared to the consensus estimate of C$14.30 billion.

Imperial Oil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, October 1st were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.40 dividend on an annualized basis and a yield of 2.29%. Imperial Oil’s payout ratio is presently 25.16%.

About Imperial Oil

Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment transports and refines crude oil, blends refined products, and distributes and markets of refined products.