World Fuel Services Corp (NYSE:INT) – Equities researchers at Seaport Global Securities raised their FY2018 EPS estimates for World Fuel Services in a report released on Monday, October 29th. Seaport Global Securities analyst K. Sterling now anticipates that the oil and gas company will post earnings of $2.06 per share for the year, up from their prior estimate of $1.98. Seaport Global Securities also issued estimates for World Fuel Services’ Q4 2018 earnings at $0.45 EPS, Q1 2019 earnings at $0.48 EPS, Q2 2019 earnings at $0.49 EPS and Q3 2019 earnings at $0.69 EPS.
World Fuel Services (NYSE:INT) last released its quarterly earnings data on Thursday, October 25th. The oil and gas company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.07. The business had revenue of $10.43 billion during the quarter, compared to analyst estimates of $10.47 billion. World Fuel Services had a positive return on equity of 7.14% and a negative net margin of 0.25%.
INT opened at $32.00 on Wednesday. The firm has a market cap of $1.96 billion, a PE ratio of 17.20, a P/E/G ratio of 3.05 and a beta of 1.21. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.32 and a quick ratio of 1.11. World Fuel Services has a fifty-two week low of $19.78 and a fifty-two week high of $33.17.
Several large investors have recently made changes to their positions in the stock. James Investment Research Inc. purchased a new stake in shares of World Fuel Services during the third quarter worth $2,078,000. Northwest Investment Counselors LLC raised its holdings in shares of World Fuel Services by 16.6% during the third quarter. Northwest Investment Counselors LLC now owns 20,043 shares of the oil and gas company’s stock worth $555,000 after acquiring an additional 2,850 shares in the last quarter. Strs Ohio raised its holdings in shares of World Fuel Services by 323.7% during the third quarter. Strs Ohio now owns 39,400 shares of the oil and gas company’s stock worth $1,090,000 after acquiring an additional 30,100 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of World Fuel Services by 9.1% during the third quarter. Nisa Investment Advisors LLC now owns 94,350 shares of the oil and gas company’s stock worth $2,612,000 after acquiring an additional 7,840 shares in the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of World Fuel Services by 173.1% during the third quarter. Bank of Montreal Can now owns 352,437 shares of the oil and gas company’s stock worth $9,754,000 after acquiring an additional 223,403 shares in the last quarter. Institutional investors and hedge funds own 95.19% of the company’s stock.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Friday, September 21st were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, September 20th. This represents a $0.24 annualized dividend and a dividend yield of 0.75%. World Fuel Services’s dividend payout ratio is 12.90%.
World Fuel Services Company Profile
World Fuel Services Corporation engages in the distribution of fuel, and related products and services in the aviation, marine, and land transportation industries worldwide. Its Aviation segment offers fuel management; price risk management; ground handling; dispatch; and international trip planning services, such as flight plans, weather reports, and overflight permits.
Further Reading: Intrinsic Value and Stock Selection
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