World Fuel Services (NYSE:INT) Issues Quarterly Earnings Results

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

Shares of NYSE INT traded down $0.77 during mid-day trading on Friday, reaching $29.42. 469,535 shares of the company traded hands, compared to its average volume of 560,096. World Fuel Services has a fifty-two week low of $19.78 and a fifty-two week high of $33.17. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.32 and a quick ratio of 1.11. The firm has a market capitalization of $2.08 billion, a PE ratio of 15.82, a P/E/G ratio of 3.01 and a beta of 0.83.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Friday, September 21st were issued a dividend of $0.06 per share. The ex-dividend date was Thursday, September 20th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.82%. World Fuel Services’s dividend payout ratio (DPR) is presently 12.90%.

INT has been the topic of a number of recent analyst reports. Zacks Investment Research raised World Fuel Services from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Wednesday, August 1st. TheStreet raised World Fuel Services from a “d+” rating to a “c-” rating in a report on Tuesday, September 25th. ValuEngine raised World Fuel Services from a “sell” rating to a “hold” rating in a report on Saturday, July 28th. Finally, Bank of America cut their price target on World Fuel Services from $25.00 to $24.00 and set an “underperform” rating on the stock in a report on Friday, July 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $32.00.

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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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Earnings History for World Fuel Services (NYSE:INT)

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