World Kinect (NYSE:WKC) Announces Earnings Results, Beats Estimates By $0.05 EPS

World Kinect (NYSE:WKC) posted its quarterly earnings data on Thursday. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate 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%.

World Kinect Price Performance

Shares of WKC stock traded up $0.34 during trading hours on Thursday, reaching $27.61. The company had a trading volume of 1,317,704 shares, compared to its average volume of 565,320. World Kinect has a 12-month low of $21.38 and a 12-month 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. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 12.27, a PEG ratio of 0.89 and a beta of 1.27. The stock has a fifty day moving average of $27.86 and a 200-day moving average of $28.43.

World Kinect Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 23rd were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date was Monday, December 23rd. World Kinect’s dividend payout ratio (DPR) is 30.22%.

Analysts Set New Price Targets

Separately, Stifel Nicolaus lowered World Kinect from a “buy” rating to a “hold” rating and lowered their price target for the stock from $33.00 to $32.00 in a research note on Friday, October 25th. Two 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 MarketBeat, World Kinect presently has an average rating of “Hold” and a consensus target price 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.