World Kinect (NYSE:WKC – Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.04, Zacks reports. World Kinect had a net margin of 0.22% and a return on equity of 6.11%. The business had revenue of $12 billion for the quarter, compared to analyst estimates of $12.23 billion. During the same period last year, the firm earned $0.54 earnings per share.
World Kinect Price Performance
Shares of World Kinect stock traded up $2.08 during midday trading on Friday, hitting $25.93. 618,029 shares of the company traded hands, compared to its average volume of 469,486. The firm’s fifty day moving average price is $22.82 and its 200-day moving average price is $21.89. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.96 and a current ratio of 1.12. World Kinect has a 12 month low of $17.69 and a 12 month high of $29.40. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 2.07 and a beta of 1.26.
World Kinect Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Monday, December 18th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.16%. The ex-dividend date was Friday, December 15th. World Kinect’s dividend payout ratio (DPR) is presently 32.00%.
Institutional Investors Weigh In On World Kinect
Analyst Ratings Changes
A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of World Kinect in a research report on Wednesday. They set a “neutral” rating and a $25.00 price target on the stock. Morgan Stanley assumed coverage on shares of World Kinect in a research report on Monday, November 6th. They set an “equal weight” rating and a $24.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, World Kinect has an average rating of “Hold” and a consensus target price of $25.25.
Check Out Our Latest Stock Analysis on World Kinect
About World Kinect
World Kinect Corporation engages in the distribution of fuel and related products and services in the aviation, marine and land transportation industries worldwide. Its Aviation segment supplies fuel and related products and services to commercial airlines, second and third tier airlines, cargo carriers, regional and low-cost carriers, airports, fixed based operators, corporate fleets, charters, fractional operators, private aircraft, the U.S., foreign governments, intergovernmental, and military customers.
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