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

World Kinect (NYSE:WKC - Get Free Report) is expected to be posting its quarterly earnings results after the market closes on Thursday, February 20th. Analysts expect World Kinect to post earnings of $0.57 per share and revenue of $10.57 billion for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.

World Kinect Stock Performance

Shares of NYSE WKC traded down $0.86 during midday trading on Friday, reaching $27.32. 618,089 shares of the company traded hands, compared to its average volume of 521,522. World Kinect has a 52 week low of $21.38 and a 52 week high of $31.70. The stock has a 50-day moving average price of $27.92 and a 200 day moving average price of $28.43. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.16 and a quick ratio of 0.99. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 12.14, a PEG ratio of 0.92 and a beta of 1.27.

World Kinect Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 23rd were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date was Monday, December 23rd. World Kinect's dividend payout ratio is currently 30.22%.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus cut shares of World Kinect from a "buy" rating to a "hold" rating and dropped their price target for the stock from $33.00 to $32.00 in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, World Kinect currently has a consensus rating of "Hold" and a consensus target price of $30.20.

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.