Analysts predict that World Fuel Services Corp (NYSE:INT) will announce sales of $9.21 billion for the current quarter, according to Zacks. Two analysts have made estimates for World Fuel Services’ earnings. The lowest sales estimate is $8.94 billion and the highest is $9.48 billion. World Fuel Services posted sales of $9.99 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 7.8%. The firm is expected to issue its next quarterly earnings results on Thursday, February 20th.
According to Zacks, analysts expect that World Fuel Services will report full-year sales of $36.67 billion for the current financial year, with estimates ranging from $36.40 billion to $36.94 billion. For the next financial year, analysts anticipate that the company will post sales of $41.02 billion, with estimates ranging from $38.04 billion to $44.00 billion. Zacks’ sales averages are an average based on a survey of research firms that cover World Fuel Services.
World Fuel Services (NYSE:INT) last announced its quarterly earnings data on Wednesday, October 30th. The oil and gas company reported $0.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.08. The business had revenue of $9.32 billion for the quarter, compared to analyst estimates of $9.91 billion. World Fuel Services had a net margin of 0.42% and a return on equity of 9.12%. The company’s revenue was down 10.6% on a year-over-year basis. During the same period last year, the business earned $0.63 EPS.
In other news, Director John L. Manley sold 5,000 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $43.09, for a total value of $215,450.00. Following the completion of the sale, the director now directly owns 35,028 shares of the company’s stock, valued at approximately $1,509,356.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael J. Kasbar sold 23,836 shares of the company’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $39.03, for a total value of $930,319.08. Following the completion of the sale, the chief executive officer now directly owns 800,246 shares of the company’s stock, valued at $31,233,601.38. The disclosure for this sale can be found here. In the last 90 days, insiders sold 80,450 shares of company stock valued at $3,209,652. Company insiders own 2.40% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. US Bancorp DE increased its holdings in shares of World Fuel Services by 10.3% in the 2nd quarter. US Bancorp DE now owns 3,018 shares of the oil and gas company’s stock valued at $109,000 after acquiring an additional 282 shares during the period. Parkside Financial Bank & Trust increased its stake in World Fuel Services by 26.0% in the second quarter. Parkside Financial Bank & Trust now owns 2,723 shares of the oil and gas company’s stock valued at $98,000 after purchasing an additional 562 shares during the period. Arizona State Retirement System increased its stake in World Fuel Services by 1.2% in the second quarter. Arizona State Retirement System now owns 48,810 shares of the oil and gas company’s stock valued at $1,755,000 after purchasing an additional 577 shares during the period. Usca Ria LLC purchased a new stake in shares of World Fuel Services in the third quarter valued at about $30,000. Finally, UBS Asset Management Americas Inc. raised its holdings in shares of World Fuel Services by 1.1% in the second quarter. UBS Asset Management Americas Inc. now owns 94,610 shares of the oil and gas company’s stock valued at $3,402,000 after buying an additional 1,043 shares during the last quarter. Hedge funds and other institutional investors own 93.92% of the company’s stock.
Shares of INT stock traded down $0.11 on Friday, reaching $43.48. 291,387 shares of the stock were exchanged, compared to its average volume of 464,908. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 20.61, a PEG ratio of 3.51 and a beta of 1.13. The business’s 50 day moving average price is $42.22 and its 200 day moving average price is $37.93. The company has a current ratio of 1.36, a quick ratio of 1.16 and a debt-to-equity ratio of 0.36. World Fuel Services has a twelve month low of $19.81 and a twelve month high of $44.33.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 20th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, December 19th. This represents a $0.40 annualized dividend and a dividend yield of 0.92%. World Fuel Services’s dividend payout ratio is presently 18.96%.
About World Fuel Services
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 supplies fuel, and related products and services to commercial airlines, second and third tier airlines, cargo carriers, regional and low-cost carriers, airports, fixed based operators, corporate fleets, fractional operators, private aircraft, military fleets, the U.S.
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