Imperial Oil Limited (TSE:IMO) Forecasted to Earn Q2 2024 Earnings of $1.72 Per Share

Imperial Oil Limited (TSE:IMOFree Report) (NYSEMKT:IMO) – Equities research analysts at Zacks Research increased their Q2 2024 earnings estimates for Imperial Oil in a note issued to investors on Wednesday, May 8th. Zacks Research analyst R. Department now anticipates that the company will post earnings per share of $1.72 for the quarter, up from their previous forecast of $1.61. The consensus estimate for Imperial Oil’s current full-year earnings is $9.26 per share. Zacks Research also issued estimates for Imperial Oil’s Q3 2024 earnings at $2.14 EPS, FY2024 earnings at $8.25 EPS, Q1 2025 earnings at $2.39 EPS, Q3 2025 earnings at $2.04 EPS, Q4 2025 earnings at $1.46 EPS, Q1 2026 earnings at $1.54 EPS and FY2026 earnings at $7.39 EPS.

IMO has been the topic of several other reports. JPMorgan Chase & Co. reduced their price objective on Imperial Oil from C$97.00 to C$94.00 in a research note on Monday, February 12th. TD Securities increased their price target on Imperial Oil from C$89.00 to C$91.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. Desjardins lifted their price objective on shares of Imperial Oil from C$88.00 to C$92.00 and gave the stock a “hold” rating in a research note on Tuesday, April 23rd. BMO Capital Markets increased their target price on shares of Imperial Oil from C$95.00 to C$115.00 in a research note on Thursday, March 28th. Finally, CIBC lifted their price target on shares of Imperial Oil from C$90.00 to C$105.00 and gave the stock a “neutral” rating in a research note on Monday, April 22nd. Nine equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$96.31.

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Imperial Oil Stock Down 0.4 %

Shares of TSE IMO opened at C$95.44 on Monday. The company has a current ratio of 1.34, a quick ratio of 0.98 and a debt-to-equity ratio of 18.65. Imperial Oil has a 12-month low of C$60.48 and a 12-month high of C$101.63. The firm’s 50-day moving average price is C$93.83 and its 200-day moving average price is C$83.45. The stock has a market capitalization of C$51.14 billion, a price-to-earnings ratio of 11.11, a P/E/G ratio of 0.21 and a beta of 1.84.

Imperial Oil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $2.40 dividend on an annualized basis and a yield of 2.51%. Imperial Oil’s dividend payout ratio is currently 27.94%.

Imperial Oil Company Profile

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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.

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Earnings History and Estimates for Imperial Oil (TSE:IMO)

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