Zacks: Analysts Expect World Fuel Services Corp (INT) Will Announce Earnings of $0.49 Per Share

Wall Street analysts predict that World Fuel Services Corp (NYSE:INT) will announce earnings per share of $0.49 for the current quarter, Zacks reports. Two analysts have provided estimates for World Fuel Services’ earnings, with the highest EPS estimate coming in at $0.50 and the lowest estimate coming in at $0.48. World Fuel Services posted earnings of $0.52 per share during the same quarter last year, which would indicate a negative year over year growth rate of 5.8%. 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 earnings of $2.31 per share for the current fiscal year, with EPS estimates ranging from $2.30 to $2.34. For the next financial year, analysts forecast that the firm will report earnings of $2.75 per share, with EPS estimates ranging from $2.65 to $2.91. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover World Fuel Services.

World Fuel Services (NYSE:INT) last posted its quarterly earnings data on Thursday, February 21st. The oil and gas company reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.05. World Fuel Services had a net margin of 0.32% and a return on equity of 7.98%. The company had revenue of $9.99 billion during the quarter, compared to the consensus estimate of $10.40 billion. During the same quarter in the prior year, the company posted $0.25 EPS. The company’s quarterly revenue was up 12.6% compared to the same quarter last year.

Several research analysts recently issued reports on INT shares. Zacks Investment Research raised World Fuel Services from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Wednesday, February 27th. ValuEngine downgraded World Fuel Services from a “hold” rating to a “sell” rating in a research note on Tuesday, December 11th. Finally, Seaport Global Securities reiterated a “neutral” rating on shares of World Fuel Services in a research note on Friday, February 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $31.67.

Hedge funds and other institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its position in World Fuel Services by 67.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,170 shares of the oil and gas company’s stock worth $25,000 after acquiring an additional 470 shares in the last quarter. Eukles Asset Management purchased a new stake in World Fuel Services in the fourth quarter worth approximately $100,000. NumerixS Investment Technologies Inc purchased a new stake in World Fuel Services in the fourth quarter worth approximately $125,000. RBF Capital LLC purchased a new stake in World Fuel Services in the third quarter worth approximately $208,000. Finally, Quantamental Technologies LLC purchased a new stake in World Fuel Services in the fourth quarter worth approximately $191,000. Hedge funds and other institutional investors own 92.78% of the company’s stock.

Shares of NYSE INT traded up $0.14 on Thursday, reaching $29.14. 41,097 shares of the company traded hands, compared to its average volume of 425,461. World Fuel Services has a fifty-two week low of $19.78 and a fifty-two week high of $33.17. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.18. The company has a market cap of $1.94 billion, a P/E ratio of 13.81, a P/E/G ratio of 2.50 and a beta of 1.07.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Friday, March 22nd will be paid a dividend of $0.06 per share. The ex-dividend date is Thursday, March 21st. This represents a $0.24 dividend on an annualized basis and a yield of 0.82%. World Fuel Services’s dividend payout ratio (DPR) is currently 11.37%.

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 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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Earnings History and Estimates for World Fuel Services (NYSE:INT)

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