World Kinect (NYSE:WKC) Issues Earnings Results

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

World Kinect Price Performance

Shares of NYSE WKC traded down $0.23 during mid-day trading on Monday, hitting $30.51. 1,295,142 shares of the stock were exchanged, compared to its average volume of 635,901. The company has a market cap of $1.77 billion, a P/E ratio of 28.78, a PEG ratio of 0.89 and a beta of 1.27. 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 stock's fifty day simple moving average is $27.94 and its two-hundred day simple moving average is $28.52.

World Kinect Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 23rd were paid a dividend of $0.17 per share. The ex-dividend date was Monday, December 23rd. This represents a $0.68 annualized dividend and a yield of 2.23%. World Kinect's dividend payout ratio is 64.15%.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus dropped their target price on World Kinect from $32.00 to $30.00 and set a "hold" rating for the company in a report on Friday. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $29.80.

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.