World Kinect (WKC) Stock Price, News & Analysis

Company Overview

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. The Land segment offers fuel, lubricants, heating oil, and related products and services to retail petroleum operators, as well as industrial, commercial, residential and government customers. This segment also provides sustainability solutions, such as renewable fuel products, carbon management, and renewable energy solutions; distributes fuel under long-term contracts to branded and unbranded distributors, convenience stores, and retail fuel outlets operated by third parties; distributes heating oil and unbranded fuel; and transportation logistics. The Marine segment markets fuel, lubricants, and related products and services to international container, dry bulk and tanker fleets, commercial cruise lines, yachts and time charter operators, offshore rig owners and operators, the U.S. and foreign governments, and other fuel suppliers. This segment also offers marine fuel-related services include management services to procurement of fuel, price risk management, cost control, quality control, and claims management services; and engages in the fueling of vessels, and transportation and delivery of fuel and fuel-related products. The company was formerly known as World Fuel Services Corporation and changed its name to World Kinect Corporation in June 2023. World Kinect Corporation was incorporated in 1984 and is headquartered in Miami, Florida.

Key Stats

• Today's Range: $26.72 to $27.48
• 50-Day Range: $26.15 to $31.37
• 52-Week Range: $21.21 to $31.70
• Volume: 7.01 million shs
• Average Volume: 688,007 shs
• Market Capitalization: $1.56 billion
• P/E Ratio: 11.94
• Dividend Yield: 2.53%
• Price Target: $30.20
• Consensus Rating: Reduce

World Kinect Stock Analysis - MarketRank™

World Kinect scored higher than 62% of companies evaluated by MarketBeat, and ranked 143rd out of 270 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.9 / 5
• Analyst Rating: Reduce

Consensus Rating

World Kinect has received a consensus rating of Reduce. The company's average rating score is 1.80, and is based on 1 buy rating, 2 hold ratings, and 2 sell ratings.

Amount of Analyst Coverage

World Kinect has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 15.57%

Earnings Growth

Earnings for World Kinect are expected to grow by 15.57% in the coming year, from $2.12 to $2.45 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of World Kinect is 11.94, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.46.

Price to Earnings Ratio vs. Sector

The P/E ratio of World Kinect is 11.94, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.07.

Price to Earnings Growth Ratio

World Kinect has a PEG Ratio of 1.12. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

World Kinect has a P/B Ratio of 0.83. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

11.47% of the float of World Kinect has been sold short.

Short Interest Ratio / Days to Cover

World Kinect has a short interest ratio ("days to cover") of 6.9.

Change versus previous month

Short interest in World Kinect has recently increased by 7.15%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

World Kinect pays a meaningful dividend of 2.43%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

World Kinect does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of World Kinect is 30.22%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, World Kinect will have a dividend payout ratio of 27.76% next year. This indicates that World Kinect will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

11.47% of the float of World Kinect has been sold short.

Short Interest Ratio / Days to Cover

World Kinect has a short interest ratio ("days to cover") of 6.9.

Change versus previous month

Short interest in World Kinect has recently increased by 7.15%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.68

News Sentiment

World Kinect has a news sentiment score of 0.68. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for World Kinect this week, compared to 4 articles on an average week.

Search Interest

Only 1 people have searched for WKC on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

MarketBeat Follows

1 people have added World Kinect to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, World Kinect insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 2.90% of the stock of World Kinect is held by insiders.

Percentage Held by Institutions

97.06% of the stock of World Kinect is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

WKC Stock Analysis - Frequently Asked Questions

How have WKC shares performed this year?

World Kinect's stock was trading at $22.78 at the beginning of the year. Since then, WKC stock has increased by 18.0% and is now trading at $26.87.
View the best growth stocks for 2024 here.

How were World Kinect's earnings last quarter?

World Kinect Co. (NYSE:WKC) announced its quarterly earnings data on Thursday, October, 24th. The company reported $0.62 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.62. World Kinect's revenue was down 14.3% compared to the same quarter last year.

Is World Kinect buying back stock?

World Kinect's Board of Directors initiated a stock repurchase program on Monday, September 9th 2024, which allows the company to repurchase $200,000,000 in outstanding shares, according to EventVestor. This means that the company could buy up to 11% of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its shares are undervalued.

Who are World Kinect's major shareholders?

World Kinect's top institutional shareholders include Pacer Advisors Inc. (7.73%), Charles Schwab Investment Management Inc. (2.36%), Geode Capital Management LLC (2.36%) and Principal Financial Group Inc. (2.24%). Insiders that own company stock include Michael J Kasbar, John L Manley and Ken Bakshi.
View institutional ownership trends.

How do I buy shares of World Kinect?

Shares of WKC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of World Kinect own?

Based on aggregate information from My MarketBeat watchlists, some other companies that World Kinect investors own include NVIDIA (NVDA), Tesla (TSLA), Meta Platforms (META), Advanced Micro Devices (AMD), Netflix (NFLX), JPMorgan Chase & Co. (JPM) and Chevron (CVX).

Company Calendar

• Ex-Dividend for 10/16 Dividend: 9/30/2024
• Dividend Payable: 10/16/2024
• Last Earnings: 10/24/2024
• Today: 12/21/2024
• Ex-Dividend for 1/16 Dividend: 12/23/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/16/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Petroleum products, not elsewhere classified
• Sub-Industry: Wholesale
• Current Symbol: NYSE:WKC
• CUSIP: N/A
• CIK: 789460
• Web: www.wfscorp.com
• Phone: 305-428-8000
• Fax: 305-392-5600
• Employees: 5,289
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $30.20
• High Stock Price Target: $32.00
• Low Stock Price Target: $27.00
• Potential Upside/Downside: +12.4%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.80
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.25
• Trailing P/E Ratio: 11.94
• Forward P/E Ratio: 12.67
• P/E Growth: 1.12
• Net Income: $52.90 million
• Net Margins: 0.30%
• Pretax Margin: 0.34%
• Return on Equity: 6.29%
• Return on Assets: 1.75%

Debt

• Debt-to-Equity Ratio: 0.39
• Current Ratio: 1.16
• Quick Ratio: 0.99

Sales & Book Value

• Annual Sales: $44.41 billion
• Price / Sales: 0.04
• Cash Flow: $3.49 per share
• Price / Cash Flow: 7.71
• Book Value: $32.38 per share
• Price / Book: 0.83

Miscellaneous

• Outstanding Shares: 58,078,000
• Free Float: 56,394,000
• Market Cap: $1.56 billion
• Optionable: Optionable
• Beta: 1.28