FY2024 Earnings Estimate for Imperial Oil Limited (TSE:IMO) Issued By Zacks Research

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) – Zacks Research lifted their FY2024 EPS estimates for Imperial Oil in a note issued to investors on Monday, April 8th. Zacks Research analyst R. Department now anticipates that the company will post earnings per share of $7.62 for the year, up from their prior forecast of $7.58. The consensus estimate for Imperial Oil’s current full-year earnings is $8.33 per share. Zacks Research also issued estimates for Imperial Oil’s Q1 2025 earnings at $2.62 EPS, Q3 2025 earnings at $1.71 EPS, FY2025 earnings at $7.92 EPS and FY2026 earnings at $8.27 EPS.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted its quarterly earnings data on Friday, February 2nd. The company reported C$2.47 earnings per share for the quarter, topping the consensus estimate of C$2.08 by C$0.39. The business had revenue of C$13.11 billion during the quarter, compared to the consensus estimate of C$16.57 billion. Imperial Oil had a net margin of 9.64% and a return on equity of 21.91%.

Several other research firms also recently issued reports on IMO. CIBC boosted their price objective on Imperial Oil from C$85.00 to C$90.00 and gave the stock a “neutral” rating in a report on Friday, March 22nd. National Bankshares upped their target price on Imperial Oil from C$89.00 to C$90.00 and gave the company a “sector perform” rating in a report on Friday, March 1st. Royal Bank of Canada raised their price objective on shares of Imperial Oil from C$85.00 to C$100.00 in a research report on Tuesday. BMO Capital Markets increased their price target on Imperial Oil from C$95.00 to C$115.00 in a report on Thursday, March 28th. Finally, ATB Capital increased their price target on Imperial Oil from C$85.00 to C$90.00 and gave the company a “sector perform” rating in a report on Wednesday, March 20th. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Imperial Oil has a consensus rating of “Hold” and a consensus price target of C$91.92.

Imperial Oil Stock Performance

IMO stock opened at C$97.43 on Thursday. The company has a market capitalization of C$52.21 billion, a P/E ratio of 11.48, a PEG ratio of 0.21 and a beta of 1.84. The company has a 50-day simple moving average of C$87.77 and a 200 day simple moving average of C$81.44. Imperial Oil has a fifty-two week low of C$60.19 and a fifty-two week high of C$101.63. The company has a quick ratio of 0.98, a current ratio of 1.26 and a debt-to-equity ratio of 19.49.

Imperial Oil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, April 1st were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $2.40 dividend on an annualized basis and a yield of 2.46%. This is an increase from Imperial Oil’s previous quarterly dividend of $0.50. Imperial Oil’s payout ratio is currently 28.27%.

Imperial Oil Company Profile

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.