News stories about World Fuel Services Corporation (NYSE:INT) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. World Fuel Services Corporation earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned news headlines about the oil and gas company an impact score of 47.4982558480186 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the headlines that may have effected Accern’s rankings:
- World Fuel Services reports Q3 2017 results (financial-news.co.uk)
- World Fuel Services Corporation’s Bunker Sales Down (hellenicshippingnews.com)
- Edited Transcript of INT earnings conference call or presentation 26-Oct-17 9:00pm GMT (finance.yahoo.com)
- World Fuel Services reports 3Q loss (finance.yahoo.com)
- World Fuel Services Corporation (INT) Announces Quarterly Earnings Results (americanbankingnews.com)
Shares of World Fuel Services Corporation (NYSE:INT) traded down 15.13% during trading on Friday, reaching $30.47. The company’s stock had a trading volume of 1,948,876 shares. The company has a 50 day moving average of $35.41 and a 200 day moving average of $36.02. The company has a market cap of $2.09 billion, a PE ratio of 12.59 and a beta of 0.95. World Fuel Services Corporation has a 12-month low of $29.63 and a 12-month high of $47.49.
World Fuel Services Corporation (NYSE:INT) last posted its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $0.60 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.60. The business had revenue of $8.54 billion for the quarter, compared to analysts’ expectations of $8.19 billion. World Fuel Services Corporation had a return on equity of 5.51% 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 period last year, the firm earned $0.82 earnings per share. On average, analysts anticipate that World Fuel Services Corporation will post $2.26 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 6th. Shareholders of record on Monday, October 16th will be issued a dividend of $0.06 per share. The ex-dividend date is Friday, October 13th. This represents a $0.24 dividend on an annualized basis and a yield of 0.79%. World Fuel Services Corporation’s dividend payout ratio is presently 68.57%.
World Fuel Services Corporation announced that its board has approved a share buyback plan on Wednesday, October 4th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the oil and gas company to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
A number of equities analysts have weighed in on INT shares. BidaskClub upgraded World Fuel Services Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Zacks Investment Research lowered World Fuel Services Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Finally, Bank of America Corporation lowered World Fuel Services Corporation from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $41.00 to $36.00 in a research note on Tuesday, September 26th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $42.00.
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In other World Fuel Services Corporation news, EVP Robert Alexander Lake sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $35.00, for a total transaction of $52,500.00. Following the sale, the executive vice president now directly owns 42,302 shares of the company’s stock, valued at $1,480,570. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Carlos M. Velazquez sold 6,850 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $33.74, for a total value of $231,119.00. Following the sale, 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 owned by company insiders.
About World Fuel Services Corporation
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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