Brokerages expect World Fuel Services Corp (NYSE:INT) to report $0.69 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for World Fuel Services’ earnings. The highest EPS estimate is $0.73 and the lowest is $0.66. World Fuel Services posted earnings of $0.63 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.5%. The firm is scheduled to issue its next earnings report on Thursday, October 24th.
On average, analysts expect that World Fuel Services will report full-year earnings of $2.34 per share for the current financial year, with EPS estimates ranging from $2.24 to $2.40. For the next year, analysts expect that the business will post earnings of $2.87 per share, with EPS estimates ranging from $2.75 to $3.00. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for World Fuel Services.
World Fuel Services (NYSE:INT) last announced its earnings results on Thursday, July 25th. The oil and gas company reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.04. World Fuel Services had a return on equity of 8.76% and a net margin of 0.38%. The business had revenue of $9.46 billion during the quarter, compared to analysts’ expectations of $9.77 billion. During the same quarter last year, the business posted $0.47 earnings per share. The company’s quarterly revenue was down 6.8% on a year-over-year basis.
Several brokerages recently weighed in on INT. TheStreet raised World Fuel Services from a “c+” rating to a “b-” rating in a research note on Tuesday, July 16th. Zacks Investment Research raised World Fuel Services from a “hold” rating to a “strong-buy” rating and set a $42.00 target price for the company in a research note on Wednesday, July 3rd. ValuEngine cut World Fuel Services from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Stifel Nicolaus raised their target price on World Fuel Services from $40.00 to $43.00 and gave the company a “buy” rating in a research note on Friday, July 26th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. World Fuel Services has a consensus rating of “Buy” and a consensus target price of $41.67.
INT stock traded down $0.60 during trading hours on Monday, hitting $37.06. 182,415 shares of the stock traded hands, compared to its average volume of 576,043. The firm has a 50-day moving average of $36.62. World Fuel Services has a one year low of $19.81 and a one year high of $39.92. The firm has a market capitalization of $2.51 billion, a P/E ratio of 17.56, a P/E/G ratio of 3.25 and a beta of 1.17. The company has a current ratio of 1.35, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37.
In related news, EVP Robert Alexander Lake sold 4,500 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $38.96, for a total value of $175,320.00. Following the completion of the transaction, the executive vice president now owns 50,122 shares in the company, valued at approximately $1,952,753.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 9,000 shares of company stock valued at $332,415 in the last quarter. 2.40% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. Financial Gravity Wealth Inc. boosted its position in shares of World Fuel Services by 269.0% in the 2nd quarter. Financial Gravity Wealth Inc. now owns 1,871 shares of the oil and gas company’s stock valued at $67,000 after purchasing an additional 1,364 shares during the period. Parkside Financial Bank & Trust lifted its stake in World Fuel Services by 26.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,723 shares of the oil and gas company’s stock worth $98,000 after acquiring an additional 562 shares in the last quarter. SG Americas Securities LLC purchased a new stake in World Fuel Services in the 1st quarter worth about $209,000. Campbell & CO Investment Adviser LLC purchased a new stake in World Fuel Services in the 1st quarter worth about $216,000. Finally, Envestnet Asset Management Inc. purchased a new stake in World Fuel Services in the 2nd quarter worth about $218,000. Institutional investors and hedge funds own 93.96% of the company’s stock.
World Fuel Services Company Profile
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 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, fractional operators, private aircraft, military fleets, the U.S.
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