World Kinect (WKC) Set to Announce Earnings on Thursday

World Kinect (NYSE:WKC) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect World Kinect to post earnings of $0.49 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

World Kinect (NYSE:WKC) last announced its earnings results on Thursday, February 22nd. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.04. World Kinect had a net margin of 0.11% and a return on equity of 6.07%. The company had revenue of $12 billion for the quarter, compared to analyst estimates of $12.23 billion. During the same period in the prior year, the business earned $0.54 earnings per share. 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 Price Performance

Shares of WKC stock opened at $24.37 on Thursday. World Kinect has a 1 year low of $17.69 and a 1 year high of $26.83. The firm’s 50 day moving average is $25.01 and its 200-day moving average is $22.70. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 29.01, a PEG ratio of 2.22 and a beta of 1.26. The company has a current ratio of 1.11, a quick ratio of 0.95 and a debt-to-equity ratio of 0.42.

World Kinect Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 16th. Stockholders of record on Monday, March 25th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.79%. This is a positive change from World Kinect’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Friday, March 22nd. World Kinect’s dividend payout ratio is presently 80.95%.

Insider Buying and Selling at World Kinect

In other World Kinect news, Director Paul H. Stebbins sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $24.37, for a total value of $487,400.00. Following the completion of the sale, the director now owns 75,375 shares of the company’s stock, valued at $1,836,888.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On World Kinect

Several large investors have recently bought and sold shares of the company. Northern Trust Corp bought a new stake in shares of World Kinect during the fourth quarter worth $15,360,000. Norges Bank bought a new stake in shares of World Kinect during the fourth quarter worth $18,002,000. Nuveen Asset Management LLC bought a new stake in shares of World Kinect during the fourth quarter worth $12,838,000. NFJ Investment Group LLC bought a new stake in shares of World Kinect during the fourth quarter worth $12,696,000. Finally, State Street Corp increased its position in shares of World Kinect by 15.6% during the second quarter. State Street Corp now owns 3,988,560 shares of the company’s stock worth $82,002,000 after acquiring an additional 538,300 shares in the last quarter. Institutional investors own 97.06% of the company’s stock.

Wall Street Analyst Weigh In

WKC has been the subject of a number of recent research reports. Bank of America boosted their price target on shares of World Kinect from $23.00 to $26.00 and gave the stock an “underperform” rating in a research note on Thursday, March 14th. Raymond James boosted their price target on shares of World Kinect from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 3rd. Finally, JPMorgan Chase & Co. initiated coverage on shares of World Kinect in a research note on Wednesday, February 21st. They set a “neutral” rating and a $25.00 price target for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $26.75.

World Kinect Company Profile

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.