Brokerages expect that World Fuel Services Corp (NYSE:INT) will post sales of $10.23 billion for the current quarter, according to Zacks. Two analysts have issued estimates for World Fuel Services’ earnings. The highest sales estimate is $10.36 billion and the lowest is $10.10 billion. World Fuel Services reported sales of $9.18 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 11.4%. The company is expected to announce its next earnings results on Thursday, April 25th.
On average, analysts expect that World Fuel Services will report full-year sales of $43.06 billion for the current financial year, with estimates ranging from $42.73 billion to $43.39 billion. For the next year, analysts forecast that the business will report sales of $47.13 billion, with estimates ranging from $46.71 billion to $47.55 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow World Fuel Services.
World Fuel Services (NYSE:INT) last announced its quarterly earnings results on Thursday, February 21st. The oil and gas company reported $0.50 EPS for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.05. World Fuel Services had a return on equity of 7.98% and a net margin of 0.32%. The business had revenue of $9.99 billion for the quarter, compared to analysts’ expectations of $10.40 billion. During the same period in the previous year, the firm earned $0.25 EPS. The business’s quarterly revenue was up 12.6% on a year-over-year basis.
INT opened at $28.89 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.18 and a current ratio of 1.35. World Fuel Services has a 52-week low of $19.78 and a 52-week high of $33.17. The company has a market cap of $1.96 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 2.52 and a beta of 1.06.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Friday, March 22nd will be paid a $0.06 dividend. The ex-dividend date is Thursday, March 21st. This represents a $0.24 annualized dividend and a yield of 0.83%. World Fuel Services’s payout ratio is 11.37%.
Hedge funds have recently modified their holdings of the stock. Riverhead Capital Management LLC grew its stake in World Fuel Services by 24.3% in the third quarter. Riverhead Capital Management LLC now owns 13,281 shares of the oil and gas company’s stock worth $368,000 after purchasing an additional 2,600 shares during the period. Hsbc Holdings PLC purchased a new stake in World Fuel Services in the third quarter worth $253,000. FMR LLC grew its stake in World Fuel Services by 11.9% in the third quarter. FMR LLC now owns 5,723,750 shares of the oil and gas company’s stock worth $158,433,000 after purchasing an additional 610,452 shares during the period. MetLife Investment Advisors LLC grew its stake in World Fuel Services by 21.9% in the third quarter. MetLife Investment Advisors LLC now owns 89,971 shares of the oil and gas company’s stock worth $2,490,000 after purchasing an additional 16,180 shares during the period. Finally, Dupont Capital Management Corp grew its stake in World Fuel Services by 57.7% in the fourth quarter. Dupont Capital Management Corp now owns 48,984 shares of the oil and gas company’s stock worth $1,049,000 after purchasing an additional 17,928 shares during the period. 92.78% of the stock is currently owned by institutional investors.
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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