World Kinect (WKC) to Release Earnings on Thursday

World Kinect (NYSE:WKC) is expected to be releasing its earnings data before the market opens on Thursday, April 24th. Analysts expect World Kinect to post earnings of $0.45 per share and revenue of $10.47 billion for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

World Kinect (NYSE:WKC) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05. The business had revenue of $9.76 billion for the quarter, compared to analyst estimates of $10.57 billion. World Kinect had a return on equity of 6.43% and a net margin of 0.16%. On average, analysts expect World Kinect to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

World Kinect Price Performance

Shares of WKC stock opened at $23.54 on Thursday. World Kinect has a 52 week low of $21.38 and a 52 week high of $31.71. The stock has a market capitalization of $1.34 billion, a PE ratio of 22.21, a PEG ratio of 0.89 and a beta of 1.19. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.99 and a current ratio of 1.16. The stock’s fifty day moving average is $27.50 and its 200-day moving average is $28.16.

World Kinect Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Monday, March 31st were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend was Monday, March 31st. World Kinect’s dividend payout ratio is currently 64.15%.

Insider Activity at World Kinect

In other World Kinect news, CEO Michael J. Kasbar sold 21,507 shares of World Kinect stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $28.96, for a total transaction of $622,842.72. Following the completion of the sale, the chief executive officer now owns 1,019,063 shares of the company’s stock, valued at approximately $29,512,064.48. The trade was a 2.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus dropped their target price on shares of World Kinect from $32.00 to $30.00 and set a “hold” rating for the company in a research note on Friday, February 21st.

World Kinect Company Profile

World Kinect Corporation operates as an energy management company in the United States, the Americas, Europe, the Middle East, Africa, and the Asia Pacific. This segment also offers fuel management, price risk management, ground handling, dispatch services, and trip planning services, such as flight planning and scheduling, weather reports and overflight permits; payment and processing services; and operates a web-based marketplace platform.