World Kinect (NYSE:WKC) Announces Earnings Results

World Kinect (NYSE:WKC) posted its quarterly earnings data on Thursday. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05, Zacks reports. World Kinect had a return on equity of 6.29% and a net margin of 0.30%. The company had revenue of $9.76 billion for the quarter, compared to analyst estimates of $10.57 billion.

World Kinect Stock Up 8.8 %

WKC stock traded up $2.44 during trading on Friday, reaching $30.04. 301,261 shares of the stock were exchanged, compared to its average volume of 554,242. The firm’s 50 day moving average is $27.84 and its 200 day moving average is $28.42. World Kinect has a twelve month low of $21.38 and a twelve month high of $31.70. The company has a current ratio of 1.16, a quick ratio of 0.99 and a debt-to-equity ratio of 0.39. The firm has a market cap of $1.74 billion, a P/E ratio of 13.35, a price-to-earnings-growth ratio of 0.88 and a beta of 1.27.

World Kinect Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 23rd were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend was Monday, December 23rd. World Kinect’s dividend payout ratio is 30.22%.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus cut their target price on World Kinect from $32.00 to $30.00 and set a “hold” rating on the stock in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $29.80.

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.