World Kinect (NYSE:WKC - Get Free Report) will likely be announcing its earnings results after the market closes on Thursday, April 24th. Analysts expect the company to announce earnings of $0.45 per share and revenue of $10.47 billion for the quarter. Investors interested in participating in the company's conference call can do so using this link.
World Kinect (NYSE:WKC - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.05. World Kinect had a net margin of 0.16% and a return on equity of 6.43%. The company had revenue of $9.76 billion during the quarter, compared to analyst estimates of $10.57 billion. On average, analysts expect World Kinect to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
World Kinect Price Performance
WKC stock traded up $0.11 during midday trading on Friday, reaching $23.61. The company had a trading volume of 1,171,377 shares, compared to its average volume of 750,422. The firm has a 50-day moving average price of $27.31 and a 200-day moving average price of $28.06. 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 capitalization of $1.34 billion, a P/E ratio of 22.27, a P/E/G ratio of 0.89 and a beta of 1.19. World Kinect has a 1 year low of $21.38 and a 1 year high of $31.71.
World Kinect Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Monday, March 31st were paid a $0.17 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.68 dividend on an annualized basis and a yield of 2.88%. World Kinect's dividend payout ratio is presently 64.15%.
Wall Street Analyst Weigh In
Separately, Stifel Nicolaus decreased their price objective on World Kinect from $32.00 to $30.00 and set a "hold" rating on the stock in a report on Friday, February 21st.
View Our Latest Stock Report on World Kinect
Insider Buying and Selling at World Kinect
In other news, CEO Michael J. Kasbar sold 21,507 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $28.96, for a total value of $622,842.72. Following the sale, the chief executive officer now directly owns 1,019,063 shares of the company's stock, valued at $29,512,064.48. This represents a 2.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.90% of the stock is currently owned by corporate insiders.
World Kinect Company Profile
(
Get Free Report)
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.
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