World Kinect (WKC) to Release Earnings on Thursday

World Kinect (NYSE:WKC) will be releasing its earnings data after the market closes on Thursday, April 25th. Analysts expect World Kinect to post earnings of $0.49 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

World Kinect (NYSE:WKC) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.04. The business had revenue of $12 billion for the quarter, compared to the consensus estimate of $12.23 billion. World Kinect had a net margin of 0.11% and a return on equity of 6.07%. During the same quarter in the prior year, the company earned $0.54 EPS. On average, analysts expect World Kinect to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

World Kinect Stock Performance

Shares of NYSE:WKC opened at $24.64 on Tuesday. The stock has a market capitalization of $1.47 billion, a P/E ratio of 29.33, a P/E/G ratio of 2.19 and a beta of 1.26. World Kinect has a 1-year low of $17.69 and a 1-year high of $26.83. The company has a current ratio of 1.11, a quick ratio of 0.95 and a debt-to-equity ratio of 0.42. The business has a 50-day moving average price of $25.08 and a two-hundred day moving average price of $22.77.

World Kinect Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 16th. Shareholders of record on Monday, March 25th were issued a dividend of $0.17 per share. This is a boost from World Kinect’s previous quarterly dividend of $0.14. This represents a $0.68 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend was Friday, March 22nd. World Kinect’s payout ratio is currently 80.95%.

Insider Activity

In related news, Director Paul H. Stebbins sold 20,000 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $24.37, for a total transaction of $487,400.00. Following the completion of the sale, the director now directly owns 75,375 shares of the company’s stock, valued at approximately $1,836,888.75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have weighed in on WKC. Raymond James boosted their price objective on World Kinect from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Wednesday, April 3rd. JPMorgan Chase & Co. began coverage on World Kinect in a report on Wednesday, February 21st. They set a “neutral” rating and a $25.00 price objective for the company. Finally, Bank of America boosted their price objective on World Kinect from $23.00 to $26.00 and gave the stock an “underperform” rating in a report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $26.75.

About World Kinect

World Kinect Corporation operates as an energy management company in the United States, the Americas, Europe, the Middle East, Africa, and the Asia Pacific. This segment also offers fuel management, price risk management, ground handling, dispatch services, and trip planning services, such as flight planning and scheduling, weather reports and overflight permits; payment and processing services; and operates a web-based marketplace platform.