Imperial Oil (IMO) to Release Quarterly Earnings on Friday

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) will issue its quarterly earnings data before the market opens on Friday, April 26th. Analysts expect the company to announce earnings of C$2.09 per share for the quarter.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last announced its quarterly earnings results on Friday, February 2nd. The company reported C$2.47 earnings per share (EPS) for the quarter, beating 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 firm had revenue of C$13.11 billion during the quarter, compared to analysts’ expectations of C$16.57 billion.

Imperial Oil Trading Down 1.0 %

IMO opened at C$94.51 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.26 and a debt-to-equity ratio of 19.49. The stock has a market cap of C$50.64 billion, a PE ratio of 11.13, a price-to-earnings-growth ratio of 0.21 and a beta of 1.84. The company has a fifty day moving average of C$89.59 and a 200-day moving average of C$81.87. Imperial Oil has a twelve month low of C$60.19 and a twelve month high of C$101.63.

Imperial Oil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, April 1st were given a dividend of $0.60 per share. The ex-dividend date was Friday, March 1st. This is a positive change from Imperial Oil’s previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a yield of 2.54%. Imperial Oil’s payout ratio is presently 28.27%.

Wall Street Analyst Weigh In

IMO has been the subject of several analyst reports. TD Securities lowered shares of Imperial Oil from a “buy” rating to a “hold” rating and increased their target price for the stock from C$87.00 to C$88.00 in a report on Thursday, February 29th. Desjardins upped their price objective on Imperial Oil from C$86.00 to C$88.00 and gave the stock a “hold” rating in a research report on Friday, March 22nd. BMO Capital Markets raised their price objective on Imperial Oil from C$95.00 to C$115.00 in a report on Thursday, March 28th. CIBC raised their price objective on Imperial Oil from C$85.00 to C$90.00 and gave the stock a “neutral” rating in a research report on Friday, March 22nd. Finally, ATB Capital boosted their target price on Imperial Oil from C$85.00 to C$90.00 and gave the stock a “sector perform” rating in a research note on Wednesday, March 20th. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$91.92.

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.