World Fuel Services Corporation (NYSE:INT) has earned a consensus broker rating score of 2.67 (Hold) from the three brokers that cover the stock, Zacks Investment Research reports. One 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. World Fuel Services Corporation’s rating score has declined by 14.6% from 90 days ago as a result of a number of analysts’ ratings changes.

Brokers have set a 12 month consensus target price of $39.67 for the company and are anticipating that the company will post $0.63 earnings per share for the current quarter, according to Zacks. Zacks has also assigned World Fuel Services Corporation an industry rank of 39 out of 265 based on the ratings given to its competitors.

Several equities research analysts have issued reports on INT shares. BidaskClub upgraded shares of World Fuel Services Corporation from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. Zacks Investment Research downgraded shares of World Fuel Services Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Finally, Bank of America Corporation downgraded shares of World Fuel Services Corporation from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $41.00 to $36.00 in a research report on Tuesday, September 26th.

Shares of World Fuel Services Corporation (NYSE:INT) traded down $0.60 during mid-day trading on Friday, reaching $28.41. 1,050,000 shares of the company’s stock traded hands, compared to its average volume of 642,608. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.63 and a quick ratio of 1.42. The firm has a market capitalization of $1,921.06, a P/E ratio of 17.98, a PEG ratio of 2.54 and a beta of 0.90. World Fuel Services Corporation has a 1 year low of $27.61 and a 1 year high of $47.49.

World Fuel Services Corporation (NYSE:INT) last issued its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $0.60 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. The firm had revenue of $8.54 billion during the quarter, compared to the consensus estimate of $8.19 billion. World Fuel Services Corporation had a net margin of 0.08% and a return on equity of 5.54%. The business’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same period last year, the business posted $0.82 earnings per share. research analysts forecast that World Fuel Services Corporation will post 2.24 earnings per share for the current fiscal year.

World Fuel Services Corporation announced that its Board of Directors has initiated a stock buyback program on Wednesday, October 4th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the oil and gas company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 6th. Shareholders of record on Monday, October 16th will be given a dividend of $0.06 per share. The ex-dividend date is Friday, October 13th. This represents a $0.24 annualized dividend and a yield of 0.84%. World Fuel Services Corporation’s dividend payout ratio (DPR) is presently 68.57%.

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In other news, EVP Robert Alexander Lake sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $35.00, for a total transaction of $52,500.00. Following the transaction, the executive vice president now directly owns 42,302 shares of the company’s stock, valued at $1,480,570. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Carlos M. Velazquez sold 6,850 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $33.74, for a total transaction of $231,119.00. Following the transaction, the senior vice president now directly owns 16,946 shares in the company, valued at $571,758.04. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Teacher Retirement System of Texas increased its holdings in shares of World Fuel Services Corporation by 0.9% during the second quarter. Teacher Retirement System of Texas now owns 5,645 shares of the oil and gas company’s stock worth $217,000 after purchasing an additional 49 shares during the period. State Treasurer State of Michigan increased its holdings in shares of World Fuel Services Corporation by 0.4% during the second quarter. State Treasurer State of Michigan now owns 28,500 shares of the oil and gas company’s stock worth $1,096,000 after purchasing an additional 100 shares during the period. World Asset Management Inc increased its holdings in shares of World Fuel Services Corporation by 2.0% during the second quarter. World Asset Management Inc now owns 6,927 shares of the oil and gas company’s stock worth $266,000 after purchasing an additional 134 shares during the period. Northwest Investment Counselors LLC increased its holdings in shares of World Fuel Services Corporation by 1.0% during the second quarter. Northwest Investment Counselors LLC now owns 15,615 shares of the oil and gas company’s stock worth $600,000 after purchasing an additional 153 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC increased its holdings in shares of World Fuel Services Corporation by 1.5% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 12,227 shares of the oil and gas company’s stock worth $581,000 after purchasing an additional 175 shares during the period. 89.37% of the stock is currently owned by institutional investors.

World Fuel Services Corporation 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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