World Kinect (NYSE:WKC) Announces Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Posted by Alphonse Anthony on Feb 22nd, 2025

World Kinect (NYSE:WKC – Get Free Report) released its quarterly earnings data on Thursday. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.05, Zacks reports. World Kinect had a net margin of 0.16% and a return on equity of 6.43%. The business had revenue of $9.76 billion for the quarter, compared to analyst estimates of $10.57 billion.

World Kinect Stock Performance

Shares of WKC opened at $30.72 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.99 and a current ratio of 1.16. World Kinect has a twelve month low of $21.38 and a twelve month high of $31.70. The firm’s 50 day moving average price is $27.89 and its two-hundred day moving average price is $28.46. The firm has a market cap of $1.78 billion, a P/E ratio of 28.98, a PEG ratio of 0.89 and a beta of 1.27.

World Kinect Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 23rd were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date was Monday, December 23rd. World Kinect’s payout ratio is currently 64.15%.

Analyst Ratings Changes

Separately, Stifel Nicolaus reduced their price objective on shares of World Kinect from $32.00 to $30.00 and set a “hold” rating on the stock in a research note on Friday. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, World Kinect presently has an average rating of “Hold” and an average price target of $29.80.

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About World Kinect

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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.