Shares of World Fuel Services Corp (NYSE:INT) have received a consensus broker rating score of 2.67 (Hold) from the three analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and one has issued a strong buy rating on the company.
Brokerages have set a 12-month consensus price objective of $38.00 for the company and are expecting that the company will post $0.62 earnings per share for the current quarter, according to Zacks. Zacks has also given World Fuel Services an industry rank of 79 out of 265 based on the ratings given to its competitors.
Several research firms have weighed in on INT. ValuEngine lowered World Fuel Services from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Zacks Investment Research raised World Fuel Services from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th.
World Fuel Services (NYSE:INT) last posted its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $0.60 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. The firm had revenue of $8.54 billion for the quarter, compared to analyst estimates of $8.19 billion. World Fuel Services had a return on equity of 5.54% and a net margin of 0.08%. The business’s quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.82 EPS. sell-side analysts forecast that World Fuel Services will post 2.21 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Friday, December 15th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend was Thursday, December 14th. World Fuel Services’s dividend payout ratio (DPR) is 68.57%.
World Fuel Services declared that its board has authorized a stock buyback program on Wednesday, October 4th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the oil and gas company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.
Several hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its holdings in shares of World Fuel Services by 14.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,952,606 shares of the oil and gas company’s stock worth $100,122,000 after acquiring an additional 363,519 shares during the last quarter. State Street Corp increased its holdings in shares of World Fuel Services by 9.4% during the 2nd quarter. State Street Corp now owns 2,748,764 shares of the oil and gas company’s stock worth $105,695,000 after acquiring an additional 236,408 shares during the last quarter. Janus Henderson Group PLC acquired a new position in shares of World Fuel Services during the 2nd quarter worth approximately $101,136,000. Boston Partners increased its holdings in shares of World Fuel Services by 3.8% during the 3rd quarter. Boston Partners now owns 2,605,257 shares of the oil and gas company’s stock worth $88,345,000 after acquiring an additional 95,877 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of World Fuel Services by 22.3% during the 2nd quarter. Northern Trust Corp now owns 1,107,042 shares of the oil and gas company’s stock worth $42,566,000 after acquiring an additional 201,779 shares during the last quarter. 88.60% of the stock is currently owned by institutional investors and hedge funds.
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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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