World Kinect (NYSE:WKC) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Key Points

• World Kinect beat quarterly expectations: The company reported $0.99 in earnings per share, $0.03 above consensus, while revenue reached $13.27 billion versus the $12.34 billion estimate.
• Shares rose to $37.23 following the results, with the stock trading between a 52-week range of $22.21 and $41.20. The company also maintains a quarterly dividend of $0.23, equivalent to a 2.5% annualized yield.
• Analyst sentiment remains negative: WKC has an average “Sell” rating and a $30 price target, while insiders sold 36,000 shares worth approximately $1.33 million over the past 90 days.

World Kinect (NYSE:WKC - Get Free Report) announced its earnings results on Thursday. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.03, FiscalAI reports. The business had revenue of $13.27 billion during the quarter, compared to analysts' expectations of $12.34 billion. World Kinect had a positive return on equity of 11.24% and a negative net margin of 0.43%.

World Kinect Stock Performance

NYSE WKC traded up $0.62 during midday trading on Thursday, hitting $37.23. The company had a trading volume of 1,064,065 shares, compared to its average volume of 977,413. The firm has a fifty day simple moving average of $35.91 and a two-hundred day simple moving average of $30.68. World Kinect has a fifty-two week low of $22.21 and a fifty-two week high of $41.20. The company has a quick ratio of 0.91, a current ratio of 1.06 and a debt-to-equity ratio of 0.58. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of -11.60, a P/E/G ratio of 0.56 and a beta of 1.21.

World Kinect Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Monday, September 28th were issued a $0.23 dividend. The ex-dividend date of this dividend was Monday, September 28th. This represents a $0.92 dividend on an annualized basis and a yield of 2.5%. World Kinect's dividend payout ratio is -28.66%.

Insider Transactions at World Kinect

In other World Kinect news, Chairman Michael J. Kasbar sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $39.41, for a total value of $394,100.00. Following the completion of the sale, the chairman owned 976,450 shares in the company, valued at approximately $38,481,894.50. This trade represents a 1.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jose-Miguel Tejada sold 6,000 shares of World Kinect stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $37.16, for a total value of $222,960.00. Following the sale, the executive vice president directly owned 35,676 shares in the company, valued at $1,325,720.16. The trade was a 14.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 36,000 shares of company stock valued at $1,327,760 in the last ninety days. 3.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

WKC has been the topic of several recent research reports. Morgan Stanley set a $30.00 price objective on shares of World Kinect in a research note on Wednesday, July 29th. Zacks Research lowered shares of World Kinect from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 28th. Weiss Ratings restated a "sell (d)" rating on shares of World Kinect in a report on Monday. Finally, Wall Street Zen lowered shares of World Kinect from a "strong-buy" rating to a "buy" rating in a research report on Saturday, October 10th. One investment analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Sell" and an average price target of $30.00.

World Kinect Company Profile

World Kinect Corporation NYSE: WKC is an energy management company that supplies, distributes and manages fuel and other energy products for commercial customers around the world. The company serves the aviation, marine and land transportation sectors, as well as commercial, industrial and government customers.

Its offerings include conventional and renewable fuels, natural gas, electricity, lubricants, fuel-management services and related environmental solutions. World Kinect also provides procurement, logistics, payment-processing and transaction-management services designed to help customers manage energy supply, costs and operational requirements.

The company was founded as World Fuel Services in 1985 and adopted the World Kinect name in 2024.

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