Zacks: Analysts Anticipate World Fuel Services Corp (INT) to Announce $0.45 Earnings Per Share

Equities analysts predict that World Fuel Services Corp (NYSE:INT) will report earnings of $0.45 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for World Fuel Services’ earnings. World Fuel Services reported earnings per share of $0.25 during the same quarter last year, which suggests a positive year over year growth rate of 80%. The firm is expected to announce its next earnings results on Thursday, February 28th.

On average, analysts expect that World Fuel Services will report full-year earnings of $2.06 per share for the current fiscal year. For the next year, analysts anticipate that the firm will report earnings of $2.30 per share, with EPS estimates ranging from $2.25 to $2.34. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover World Fuel Services.

World Fuel Services (NYSE:INT) last released its quarterly earnings data on Thursday, October 25th. The oil and gas company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.07. World Fuel Services had a negative net margin of 0.25% and a positive return on equity of 7.14%. The firm had revenue of $10.43 billion for the quarter, compared to analysts’ expectations of $10.47 billion.

INT has been the topic of a number of analyst reports. Zacks Investment Research cut shares of World Fuel Services from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th. Bank of America decreased their price objective on shares of World Fuel Services from $25.00 to $24.00 and set an “underperform” rating on the stock in a research report on Friday, July 27th. TheStreet upgraded shares of World Fuel Services from a “d+” rating to a “c-” rating in a research report on Tuesday, September 25th. Finally, ValuEngine upgraded shares of World Fuel Services from a “sell” rating to a “hold” rating in a research report on Saturday, July 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $32.00.

Several hedge funds and other institutional investors have recently made changes to their positions in INT. Boston Partners increased its position in shares of World Fuel Services by 70.7% during the second quarter. Boston Partners now owns 4,811,253 shares of the oil and gas company’s stock valued at $98,198,000 after buying an additional 1,992,218 shares during the period. BlackRock Inc. increased its position in shares of World Fuel Services by 33.5% during the second quarter. BlackRock Inc. now owns 7,826,364 shares of the oil and gas company’s stock valued at $159,738,000 after buying an additional 1,962,638 shares during the period. FMR LLC increased its position in shares of World Fuel Services by 19.0% during the second quarter. FMR LLC now owns 5,113,298 shares of the oil and gas company’s stock valued at $104,362,000 after buying an additional 817,879 shares during the period. Dimensional Fund Advisors LP increased its position in shares of World Fuel Services by 17.4% during the second quarter. Dimensional Fund Advisors LP now owns 4,800,733 shares of the oil and gas company’s stock valued at $97,982,000 after buying an additional 710,792 shares during the period. Finally, River Road Asset Management LLC increased its position in shares of World Fuel Services by 109.2% during the second quarter. River Road Asset Management LLC now owns 907,052 shares of the oil and gas company’s stock valued at $18,513,000 after buying an additional 473,522 shares during the period. Institutional investors own 95.20% of the company’s stock.

Shares of INT stock traded down $0.77 during mid-day trading on Friday, reaching $29.42. The stock had a trading volume of 469,535 shares, compared to its average volume of 560,096. World Fuel Services has a 52-week low of $19.78 and a 52-week high of $33.17. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 15.82, a PEG ratio of 3.01 and a beta of 0.83. The company has a current ratio of 1.32, a quick ratio of 1.11 and a debt-to-equity ratio of 0.40.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Shareholders of record on Friday, September 21st were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date was Thursday, September 20th. World Fuel Services’s payout ratio is 12.90%.

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 offers fuel management; price risk management; ground handling; dispatch; and international trip planning services, such as flight plans, weather reports, and overflight permits.

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