World Fuel Services Corp (INT) Expected to Announce Earnings of $0.56 Per Share

Equities analysts expect World Fuel Services Corp (NYSE:INT) to announce earnings per share (EPS) of $0.56 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for World Fuel Services’ earnings. The lowest EPS estimate is $0.52 and the highest is $0.58. World Fuel Services reported earnings per share of $0.60 in the same quarter last year, which would indicate a negative year-over-year growth rate of 6.7%. The company is expected to announce its next earnings report on Thursday, October 25th.

According to Zacks, analysts expect that World Fuel Services will report full-year earnings of $2.00 per share for the current year, with EPS estimates ranging from $1.98 to $2.03. For the next fiscal year, analysts expect that the company will post earnings of $2.34 per share, with EPS estimates ranging from $2.30 to $2.43. Zacks’ earnings per share averages are an average based on a survey of analysts that cover World Fuel Services.

World Fuel Services (NYSE:INT) last issued its earnings results on Thursday, July 26th. The oil and gas company reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.02. The firm had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.49 billion. World Fuel Services had a positive return on equity of 6.90% and a negative net margin of 0.47%. The business’s quarterly revenue was up 25.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.50 earnings per share.

Several research analysts have commented on INT shares. Bank of America lowered their target price on World Fuel Services from $25.00 to $24.00 and set an “underperform” rating for the company in a research note on Friday, July 27th. ValuEngine downgraded World Fuel Services from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 2nd. Finally, Zacks Investment Research upgraded World Fuel Services from a “strong sell” rating to a “hold” rating in a report on Thursday, June 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $31.67.

In other news, Director Jorge L. Benitez purchased 5,000 shares of World Fuel Services stock in a transaction dated Wednesday, May 23rd. The shares were bought at an average cost of $21.58 per share, for a total transaction of $107,900.00. Following the completion of the acquisition, the director now owns 50,072 shares in the company, valued at approximately $1,080,553.76. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.20% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC grew its holdings in shares of World Fuel Services by 74.8% during the second quarter. MetLife Investment Advisors LLC now owns 73,791 shares of the oil and gas company’s stock worth $1,506,000 after purchasing an additional 31,578 shares during the last quarter. Metropolitan Life Insurance Co. NY grew its holdings in shares of World Fuel Services by 104.0% during the second quarter. Metropolitan Life Insurance Co. NY now owns 39,765 shares of the oil and gas company’s stock worth $812,000 after purchasing an additional 20,277 shares during the last quarter. Cubist Systematic Strategies LLC grew its holdings in shares of World Fuel Services by 155.9% during the second quarter. Cubist Systematic Strategies LLC now owns 49,779 shares of the oil and gas company’s stock worth $1,016,000 after purchasing an additional 30,325 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of World Fuel Services during the second quarter worth about $110,000. Finally, Natixis bought a new stake in World Fuel Services in the second quarter valued at approximately $1,691,000. Institutional investors own 95.15% of the company’s stock.

NYSE INT traded up $0.30 during trading on Thursday, hitting $25.82. 364,500 shares of the company’s stock were exchanged, compared to its average volume of 836,120. The company has a current ratio of 1.35, a quick ratio of 1.17 and a debt-to-equity ratio of 0.41. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 13.83, a PEG ratio of 2.64 and a beta of 1.17. World Fuel Services has a fifty-two week low of $19.78 and a fifty-two week high of $37.01.

World Fuel Services Company Profile

World Fuel Services Corporation engages in the distribution of fuel, and related products and services in the aviation, marine, and land transportation industries worldwide. Its Aviation segment offers fuel management; price risk management; ground handling; dispatch; and international trip planning services, such as flight plans, weather reports, and overflight permits.

See Also: Market Capitalization

Get a free copy of the Zacks research report on World Fuel Services (INT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for World Fuel Services (NYSE:INT)

Receive News & Ratings for World Fuel Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for World Fuel Services and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply