According to Zacks, “World Fuel Services Corporation markets aviation and marine fuel services. In their aviation fuel services business, World Fuel extends credit and provides around-the-world single-supplier convenience, 24-hour service, and competitively-priced aviation fuel and other aviation related services, including fuel management services, to passenger, cargo and charter airlines. World Fuel also offers flight plans and weather reports to their corporate customers. “
Separately, Stifel Nicolaus initiated coverage on shares of World Fuel Services Corp. in a research report on Tuesday, August 23rd. They set a hold rating for the company. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. World Fuel Services Corp. presently has a consensus rating of Hold and an average target price of $50.00.
World Fuel Services Corp. (NYSE:INT) opened at 45.87 on Wednesday. The firm’s 50-day moving average price is $45.40 and its 200-day moving average price is $46.44. World Fuel Services Corp. has a 1-year low of $35.13 and a 1-year high of $51.01. The firm has a market capitalization of $3.23 billion, a PE ratio of 17.10 and a beta of 1.18.
World Fuel Services Corp. (NYSE:INT) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.07. World Fuel Services Corp. had a net margin of 0.70% and a return on equity of 11.25%. The company earned $6.63 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same period last year, the firm earned $0.53 EPS. The company’s revenue for the quarter was down 21.9% on a year-over-year basis. On average, equities research analysts predict that World Fuel Services Corp. will post $2.70 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 12th. Investors of record on Friday, September 23rd will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, September 21st. This represents a $0.24 annualized dividend and a dividend yield of 0.52%. World Fuel Services Corp.’s dividend payout ratio is currently 9.13%.
In related news, SVP Carlos M. Velazquez sold 599 shares of World Fuel Services Corp. stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $45.21, for a total transaction of $27,080.79. Following the completion of the transaction, the senior vice president now directly owns 7,094 shares in the company, valued at approximately $320,719.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael J. Kasbar sold 25,950 shares of World Fuel Services Corp. stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $46.38, for a total value of $1,203,561.00. Following the transaction, the chief executive officer now owns 832,581 shares of the company’s stock, valued at $38,615,106.78. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of INT. Weaver C. Barksdale & Associates Inc. increased its position in shares of World Fuel Services Corp. by 8.8% in the second quarter. Weaver C. Barksdale & Associates Inc. now owns 2,830 shares of the company’s stock valued at $134,000 after buying an additional 228 shares in the last quarter. LS Investment Advisors LLC increased its position in shares of World Fuel Services Corp. by 72.6% in the second quarter. LS Investment Advisors LLC now owns 4,226 shares of the company’s stock valued at $201,000 after buying an additional 1,777 shares in the last quarter. Breton Hill Capital Ltd. bought a new position in shares of World Fuel Services Corp. during the second quarter valued at about $204,000. Kalos Management Inc. bought a new position in shares of World Fuel Services Corp. during the second quarter valued at about $207,000. Finally, Stevens Capital Management LP bought a new position in shares of World Fuel Services Corp. during the second quarter valued at about $222,000. Hedge funds and other institutional investors own 88.41% of the company’s stock.
World Fuel Services Corp. Company Profile
World Fuel Services Corporation is a fuel logistics, transaction management and payment processing company. The Company operates through three segments: aviation, marine and land. The aviation segment offers fuel and related services to commercial airlines second and third-tier airlines, cargo carriers, regional carriers, airports, fixed based operators, corporate fleets, fractional operators, private aircraft and military fleets.
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