Analysts expect World Fuel Services (NYSE:INT) to report $9.35 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for World Fuel Services’ earnings, with estimates ranging from $9.00 billion to $9.69 billion. World Fuel Services reported sales of $8.09 billion during the same quarter last year, which indicates a positive year over year growth rate of 15.6%. The business is scheduled to issue its next quarterly earnings results on Thursday, July 26th.
According to Zacks, analysts expect that World Fuel Services will report full year sales of $37.91 billion for the current year, with estimates ranging from $37.06 billion to $38.76 billion. For the next year, analysts forecast that the company will post sales of $40.77 billion per share, with estimates ranging from $40.24 billion to $41.31 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover World Fuel Services.
World Fuel Services (NYSE:INT) last announced its quarterly earnings results on Thursday, April 26th. The oil and gas company reported $0.52 EPS for the quarter, meeting analysts’ consensus estimates of $0.52. The firm had revenue of $9.18 billion during the quarter, compared to analysts’ expectations of $9.12 billion. World Fuel Services had a negative net margin of 0.49% and a positive return on equity of 6.83%. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.50 earnings per share.
A number of analysts have commented on the stock. ValuEngine cut shares of World Fuel Services from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Zacks Investment Research upgraded shares of World Fuel Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 1st. TheStreet cut shares of World Fuel Services from a “c-” rating to a “d+” rating in a research note on Friday, February 23rd. Stifel Nicolaus cut their price target on shares of World Fuel Services from $46.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, February 23rd. Finally, Seaport Global Securities assumed coverage on shares of World Fuel Services in a research note on Friday, February 9th. They issued a “neutral” rating for the company. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. World Fuel Services currently has an average rating of “Hold” and a consensus price target of $38.00.
INT stock traded down $0.01 during trading hours on Wednesday, reaching $22.05. The stock had a trading volume of 683,830 shares, compared to its average volume of 703,515. The stock has a market cap of $1.49 billion, a P/E ratio of 12.04, a P/E/G ratio of 2.23 and a beta of 0.92. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.41 and a quick ratio of 1.19. World Fuel Services has a fifty-two week low of $20.60 and a fifty-two week high of $40.16.
Hedge funds have recently made changes to their positions in the business. First Citizens Bank & Trust Co. acquired a new stake in shares of World Fuel Services during the 4th quarter worth about $210,000. Schwab Charles Investment Management Inc. lifted its stake in shares of World Fuel Services by 1.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 601,650 shares of the oil and gas company’s stock worth $16,931,000 after buying an additional 7,672 shares during the last quarter. Acadian Asset Management LLC lifted its stake in shares of World Fuel Services by 116.1% during the 4th quarter. Acadian Asset Management LLC now owns 202,809 shares of the oil and gas company’s stock worth $5,709,000 after buying an additional 108,967 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of World Fuel Services during the 4th quarter worth about $146,000. Finally, Unison Advisors LLC acquired a new stake in shares of World Fuel Services during the 4th quarter worth about $228,000. Hedge funds and other institutional investors own 92.50% of the company’s stock.
About World Fuel Services
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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