Imperial Oil (IMO) Set to Announce Quarterly Earnings on Friday

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) is set to issue its quarterly earnings data before the market opens on Friday, November 1st. Analysts expect the company to announce earnings of C$2.04 per share for the quarter.

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

Imperial Oil Stock Performance

Imperial Oil stock opened at C$103.22 on Thursday. Imperial Oil has a 1-year low of C$72.03 and a 1-year high of C$108.89. The firm has a market cap of C$55.31 billion, a P/E ratio of 10.82, a P/E/G ratio of 0.21 and a beta of 1.78. The company has a current ratio of 1.40, a quick ratio of 0.98 and a debt-to-equity ratio of 18.27. The firm has a 50-day moving average of C$99.88 and a 200-day moving average of C$96.65.

Imperial Oil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, October 1st were given a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.33%. Imperial Oil’s dividend payout ratio is currently 25.16%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Desjardins raised their price target on Imperial Oil from C$92.00 to C$101.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. BMO Capital Markets lifted their target price on shares of Imperial Oil from C$115.00 to C$120.00 in a research note on Friday, October 4th. TD Securities boosted their price target on shares of Imperial Oil from C$91.00 to C$92.00 and gave the company a “hold” rating in a research report on Thursday, August 8th. Royal Bank of Canada lowered their price objective on shares of Imperial Oil from C$108.00 to C$99.00 in a report on Tuesday, September 17th. Finally, Raymond James upped their target price on Imperial Oil from C$97.00 to C$99.00 in a report on Tuesday, October 15th. Ten research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$99.25.

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.