World Fuel Services (NYSE:INT) has received an average rating of “Hold” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $38.00.
INT has been the topic of several research reports. Stifel Nicolaus cut their price objective on shares of World Fuel Services from $46.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, February 23rd. TheStreet lowered shares of World Fuel Services from a “c-” rating to a “d+” rating in a report on Friday, February 23rd. ValuEngine lowered shares of World Fuel Services from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Zacks Investment Research raised shares of World Fuel Services from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. Finally, Seaport Global Securities initiated coverage on shares of World Fuel Services in a report on Friday, February 9th. They set a “neutral” rating on the stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. State of Alaska Department of Revenue acquired a new stake in shares of World Fuel Services during the fourth quarter worth $146,000. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of World Fuel Services during the fourth quarter worth $155,000. Salem Investment Counselors Inc. acquired a new stake in shares of World Fuel Services during the third quarter worth $170,000. Itau Unibanco Holding S.A. lifted its stake in shares of World Fuel Services by 51.7% during the fourth quarter. Itau Unibanco Holding S.A. now owns 6,091 shares of the oil and gas company’s stock worth $171,000 after buying an additional 2,077 shares during the period. Finally, Weaver C. Barksdale & Associates Inc. lifted its stake in shares of World Fuel Services by 43.6% during the fourth quarter. Weaver C. Barksdale & Associates Inc. now owns 6,479 shares of the oil and gas company’s stock worth $182,000 after buying an additional 1,966 shares during the period. Institutional investors own 89.50% of the company’s stock.
INT stock traded down $0.65 during trading on Friday, hitting $24.53. 425,740 shares of the company’s stock traded hands, compared to its average volume of 671,144. The firm has a market cap of $1,703.28, a price-to-earnings ratio of 13.19, a PEG ratio of 2.32 and a beta of 0.91. The company has a quick ratio of 1.26, a current ratio of 1.45 and a debt-to-equity ratio of 0.51. World Fuel Services has a 1 year low of $20.64 and a 1 year high of $40.16.
World Fuel Services (NYSE:INT) last issued its quarterly earnings data on Thursday, February 22nd. The oil and gas company reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.36). The business had revenue of $8.87 billion for the quarter, compared to analysts’ expectations of $8.72 billion. World Fuel Services had a negative net margin of 0.51% and a positive return on equity of 6.45%. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.36 earnings per share. analysts anticipate that World Fuel Services will post 2.17 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, April 6th. Shareholders of record on Friday, March 16th were paid a $0.06 dividend. The ex-dividend date of this dividend was Thursday, March 15th. This represents a $0.24 annualized dividend and a yield of 0.98%. World Fuel Services’s dividend payout ratio (DPR) is 12.90%.
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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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