World Kinect (WKC) to Release Quarterly Earnings on Thursday

World Kinect (NYSE:WKC) is expected to post its quarterly earnings results after the market closes on Thursday, February 20th. Analysts expect World Kinect to post earnings of $0.57 per share and revenue of $10.57 billion for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

World Kinect Stock Performance

WKC opened at $27.39 on Wednesday. The company has a market cap of $1.59 billion, a PE ratio of 12.17, a price-to-earnings-growth ratio of 0.92 and a beta of 1.27. The stock has a 50-day moving average of $27.90 and a 200-day moving average of $28.43. World Kinect has a 52-week low of $21.38 and a 52-week high of $31.70. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 23rd were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $0.68 annualized dividend and a dividend yield of 2.48%. World Kinect’s dividend payout ratio (DPR) is presently 30.22%.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus cut World Kinect from a “buy” rating to a “hold” rating and cut their price objective for the stock from $33.00 to $32.00 in a research report on Friday, October 25th. Two equities research 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. According to data from MarketBeat.com, World Kinect currently has a consensus 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.