World Kinect (NYSE:WKC) Posts Quarterly Earnings Results, Beats Expectations By $0.05 EPS

World Kinect (NYSE:WKC) released its earnings results on Thursday. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.05, Zacks reports. World Kinect had a net margin of 0.30% and a return on equity of 6.29%.

World Kinect Trading Up 1.2 %

WKC traded up $0.34 during trading on Thursday, reaching $27.61. 1,317,704 shares of the company’s stock were exchanged, compared to its average volume of 565,320. The company’s fifty day moving average price is $27.86 and its 200-day moving average price is $28.43. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.99 and a current ratio of 1.16. World Kinect has a fifty-two week low of $21.38 and a fifty-two week high of $31.70. The firm has a market capitalization of $1.60 billion, a PE ratio of 12.27, a P/E/G ratio of 0.89 and a beta of 1.27.

World Kinect Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 23rd were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date was Monday, December 23rd. World Kinect’s dividend payout ratio is presently 30.22%.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus cut shares of World Kinect from a “buy” rating to a “hold” rating and cut their target price for the company from $33.00 to $32.00 in a research note on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $30.20.

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.