Zacks Research Brokers Boost Earnings Estimates for Imperial Oil Limited (TSE:IMO)

Imperial Oil Limited (TSE:IMO - Free Report) NYSEMKT: IMO - Equities researchers at Zacks Research boosted their Q4 2024 earnings estimates for shares of Imperial Oil in a note issued to investors on Monday, April 8th. Zacks Research analyst R. Department now expects that the company will post earnings per share of $2.03 for the quarter, up from their previous forecast of $1.99. 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 Q2 2025 earnings at $1.98 EPS, Q4 2025 earnings at $1.60 EPS and Q1 2026 earnings at $1.51 EPS.

Imperial Oil (TSE:IMO - Get Free Report) NYSEMKT: IMO last released 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. Imperial Oil had a net margin of 9.64% and a return on equity of 21.91%. The business had revenue of C$13.11 billion for the quarter, compared to analyst estimates of C$16.57 billion.

A number of other research analysts have also weighed in on IMO. National Bankshares lifted their price target on shares of Imperial Oil from C$89.00 to C$90.00 and gave the company a "sector perform" rating in a research note on Friday, March 1st. ATB Capital lifted their price objective on shares of 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. BMO Capital Markets boosted their target price on shares of Imperial Oil from C$95.00 to C$115.00 in a report on Thursday, March 28th. Desjardins boosted their target price on shares of Imperial Oil from C$86.00 to C$88.00 and gave the stock a "hold" rating in a report on Friday, March 22nd. Finally, TD Securities downgraded shares of Imperial Oil from a "buy" rating to a "hold" rating and boosted their target price for the stock from C$87.00 to C$88.00 in a report on Thursday, February 29th. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Imperial Oil has an average rating of "Hold" and a consensus target price of C$91.92.

Imperial Oil Stock Up 2.5 %

IMO traded up C$2.43 during trading on Wednesday, reaching C$100.99. The company had a trading volume of 1,020,682 shares, compared to its average volume of 903,311. The company has a debt-to-equity ratio of 19.49, a current ratio of 1.26 and a quick ratio of 0.98. Imperial Oil has a 12 month low of C$60.19 and a 12 month high of C$101.63. The business's fifty day moving average price is C$87.36 and its 200 day moving average price is C$81.32. The company has a market cap of C$54.11 billion, a P/E ratio of 11.90, a PEG ratio of 0.21 and a beta of 1.84.

Imperial Oil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, April 1st were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend was Friday, March 1st. This is a boost from Imperial Oil's previous quarterly dividend of $0.50. Imperial Oil's payout ratio is presently 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.