World Kinect (WKC) Set to Announce Quarterly Earnings on Thursday

World Kinect (NYSE:WKC) will release 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 that wish to register for the company’s earnings conference call can do so using this link.

World Kinect (NYSE:WKC) last released its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $12.23 billion. World Kinect had a return on equity of 6.07% and a net margin of 0.11%. During the same period in the prior year, the firm posted $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 Up 2.1 %

Shares of NYSE WKC opened at $25.17 on Wednesday. The stock has a market cap of $1.51 billion, a PE ratio of 29.96, a price-to-earnings-growth ratio of 2.19 and a beta of 1.26. The company has a quick ratio of 0.95, a current ratio of 1.11 and a debt-to-equity ratio of 0.42. World Kinect has a 52-week low of $17.69 and a 52-week high of $26.83. The business has a 50-day moving average price of $25.12 and a 200 day moving average price of $22.80.

World Kinect Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 16th. Shareholders 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 yield of 2.70%. This is a boost 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 (DPR) is presently 80.95%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on WKC. JPMorgan Chase & Co. began coverage on World Kinect in a research note on Wednesday, February 21st. They set a “neutral” rating and a $25.00 target price for the company. Bank of America raised their price objective on World Kinect from $23.00 to $26.00 and gave the company an “underperform” rating in a research note on Thursday, March 14th. Finally, Raymond James increased their target price on World Kinect from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Wednesday, April 3rd. One 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 company has a consensus rating of “Hold” and a consensus price target of $26.75.

Insider Buying and Selling at World Kinect

In other news, Director Paul H. Stebbins sold 20,000 shares of World Kinect stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $24.37, for a total transaction of $487,400.00. Following the sale, the director now directly owns 75,375 shares of the company’s stock, valued at $1,836,888.75. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.60% of the stock is currently owned by corporate insiders.

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.