Shares of World Fuel Services Corp (NYSE:INT) have received a consensus broker rating score of 2.67 (Hold) from the three brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and one has assigned a strong buy recommendation to the company.
Analysts have set a one year consensus target price of $38.00 for the company and are anticipating that the company will post $0.62 EPS for the current quarter, according to Zacks. Zacks has also given World Fuel Services an industry rank of 210 out of 265 based on the ratings given to related companies.
INT has been the topic of several recent analyst reports. ValuEngine downgraded World Fuel Services from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Zacks Investment Research raised World Fuel Services from a “sell” rating to a “hold” rating in a research note on Tuesday, December 26th. Finally, Bank of America downgraded World Fuel Services from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $41.00 to $36.00 in a research note on Tuesday, September 26th.
Large investors have recently added to or reduced their stakes in the business. Acrospire Investment Management LLC increased its stake in World Fuel Services by 130.8% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,000 shares of the oil and gas company’s stock worth $115,000 after acquiring an additional 1,700 shares during the last quarter. Victory Capital Management Inc. increased its stake in World Fuel Services by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 3,789 shares of the oil and gas company’s stock worth $146,000 after acquiring an additional 567 shares during the last quarter. Salem Investment Counselors Inc. bought a new stake in World Fuel Services in the 3rd quarter worth approximately $170,000. Weaver C. Barksdale & Associates Inc. increased its stake in World Fuel Services by 43.6% in the 4th quarter. Weaver C. Barksdale & Associates Inc. now owns 6,479 shares of the oil and gas company’s stock worth $182,000 after acquiring an additional 1,966 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in World Fuel Services in the 2nd quarter worth approximately $195,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.
Shares of World Fuel Services (INT) traded up $0.10 on Friday, reaching $28.98. The company had a trading volume of 278,648 shares, compared to its average volume of 490,353. The company has a market cap of $1,960.00, a P/E ratio of 82.80, a PEG ratio of 2.19 and a beta of 0.93. World Fuel Services has a 52 week low of $25.80 and a 52 week high of $46.37. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.63 and a quick ratio of 1.42.
World Fuel Services (NYSE:INT) last issued its earnings results on Thursday, October 26th. The oil and gas company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. The company had revenue of $8.54 billion for the quarter, compared to the consensus estimate of $8.19 billion. World Fuel Services had a return on equity of 5.54% and a net margin of 0.08%. The firm’s quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter last year, the company earned $0.82 EPS. equities research analysts predict that World Fuel Services will post 2.21 EPS for the current year.
World Fuel Services announced that its board has initiated a share buyback program on Wednesday, October 4th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the oil and gas company to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Friday, December 15th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend was Thursday, December 14th. World Fuel Services’s payout ratio is 68.57%.
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World Fuel Services Company Profile
World Fuel Services Corporation is engaged in providing aviation, marine and land energy, logistics and technology solutions to customers and suppliers around the world. The Company operates through three segments: Aviation, Marine and Land. In its Aviation segment, the Company offers fuel and related products and services.
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