World Kinect (WKC) Scheduled to Post Quarterly Earnings on Thursday

World Kinect (NYSE:WKC - Get Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, October 24th. Analysts expect World Kinect to post earnings of $0.62 per share for the quarter. Individual interested in registering for the company's earnings conference call can do so using this link.

World Kinect (NYSE:WKC - Get Free Report) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.08). World Kinect had a net margin of 0.29% and a return on equity of 6.26%. The company had revenue of $10.97 billion during the quarter, compared to analysts' expectations of $11.98 billion. During the same period last year, the firm earned $0.48 earnings per share. World Kinect's quarterly revenue was down .1% on a year-over-year basis. On average, analysts expect World Kinect to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

World Kinect Stock Down 1.8 %

Shares of NYSE:WKC traded down $0.55 during trading hours on Thursday, hitting $30.66. The company's stock had a trading volume of 535,856 shares, compared to its average volume of 634,059. World Kinect has a 52 week low of $17.69 and a 52 week high of $31.70. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.15 and a quick ratio of 0.98. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 33.14, a P/E/G ratio of 1.06 and a beta of 1.25. The firm's fifty day moving average price is $29.13 and its 200 day moving average price is $26.84.

World Kinect Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Monday, September 30th were issued a $0.17 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.68 annualized dividend and a dividend yield of 2.22%. World Kinect's dividend payout ratio is currently 73.12%.

World Kinect declared that its board has approved a stock repurchase program on Monday, September 9th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the company to reacquire up to 11% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Insider Buying and Selling at World Kinect

In other news, Director John L. Manley sold 16,000 shares of the company's stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $28.28, for a total value of $452,480.00. Following the sale, the director now directly owns 49,614 shares of the company's stock, valued at $1,403,083.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director John L. Manley sold 16,000 shares of the company's stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $28.28, for a total value of $452,480.00. Following the sale, the director now directly owns 49,614 shares of the company's stock, valued at $1,403,083.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael J. Kasbar sold 58,948 shares of the company's stock in a transaction on Monday, August 19th. The shares were sold at an average price of $27.92, for a total transaction of $1,645,828.16. Following the completion of the sale, the chief executive officer now directly owns 1,019,063 shares in the company, valued at $28,452,238.96. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of World Kinect from $29.00 to $32.00 and gave the stock a "neutral" rating in a research note on Thursday, September 19th. Bank of America upped their price target on shares of World Kinect from $24.00 to $27.00 and gave the company an "underperform" rating in a research note on Friday, September 13th. Morgan Stanley lowered shares of World Kinect from an "equal weight" rating to an "underweight" rating and set a $28.00 price target on the stock. in a research note on Monday, September 16th. Finally, Stifel Nicolaus cut their price target on shares of World Kinect from $35.00 to $33.00 and set a "buy" rating on the stock in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $30.40.

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.