World Fuel Services Corporation (NYSE:INT) to Release Quarterly Earnings on Tuesday
World Fuel Services Corporation (NYSE:INT) is scheduled to announce its earnings results after the market closes on Tuesday, July 25th. Analysts expect the company to announce earnings of $0.55 per share for the quarter.
World Fuel Services Corporation (NYSE:INT) last issued its quarterly earnings data on Thursday, April 27th. The oil and gas company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.52 by $0.07. The company had revenue of $8.19 billion for the quarter, compared to analysts’ expectations of $7.83 billion. World Fuel Services Corporation had a return on equity of 5.41% and a net margin of 0.35%. The firm’s quarterly revenue was up 57.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.77 EPS. On average, analysts expect World Fuel Services Corporation to post $2.57 EPS for the current fiscal year and $3.1 EPS for the next fiscal year.
Shares of World Fuel Services Corporation (NYSE INT) opened at 38.91 on Tuesday. The stock has a market cap of $2.69 billion, a P/E ratio of 25.63 and a beta of 0.97. World Fuel Services Corporation has a 12 month low of $34.64 and a 12 month high of $48.57. The stock’s 50 day moving average is $36.49 and its 200 day moving average is $39.33.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 7th. Stockholders of record on Friday, June 9th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.62%. The ex-dividend date was Wednesday, June 7th. World Fuel Services Corporation’s dividend payout ratio (DPR) is currently 15.79%.
Several equities analysts have recently commented on INT shares. BidaskClub upgraded World Fuel Services Corporation from a “hold” rating to a “buy” rating in a research note on Sunday. TheStreet cut World Fuel Services Corporation from a “b” rating to a “c” rating in a research note on Friday, May 5th. Finally, Zacks Investment Research upgraded World Fuel Services Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 6th.
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In other news, Director Ken Bakshi sold 3,049 shares of the stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $38.05, for a total transaction of $116,014.45. Following the completion of the transaction, the director now directly owns 35,726 shares in the company, valued at approximately $1,359,374.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Myles Klein sold 13,000 shares of the stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $36.53, for a total value of $474,890.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,335 shares of company stock valued at $788,467. Company insiders own 2.30% of the company’s stock.
About World Fuel Services Corporation
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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