NYSE:WKC

World Kinect (WKC) Stock Price, News & Analysis

$24.75
+0.15 (+0.61%)
(As of 05/9/2024 ET)
Today's Range
$24.51
$24.84
50-Day Range
$23.01
$26.67
52-Week Range
$17.69
$26.83
Volume
290,811 shs
Average Volume
548,210 shs
Market Capitalization
$1.48 billion
P/E Ratio
26.61
Dividend Yield
2.75%
Price Target
$26.75

World Kinect MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
8.1% Upside
$26.75 Price Target
Short Interest
Healthy
9.33% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.86mentions of World Kinect in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$750,630 Sold Last Quarter
Proj. Earnings Growth
12.79%
From $2.19 to $2.47 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.39 out of 5 stars

Oils/Energy Sector

163rd out of 240 stocks

Petroleum Products, Not Elsewhere Classified Industry

3rd out of 3 stocks

WKC stock logo

About World Kinect Stock (NYSE:WKC)

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. The Land segment offers fuel, lubricants, heating oil, and related products and services to retail petroleum operators, as well as industrial, commercial, residential and government customers. This segment also provides sustainability solutions, such as renewable fuel products, carbon management, and renewable energy solutions; distributes fuel under long-term contracts to branded and unbranded distributors, convenience stores, and retail fuel outlets operated by third parties; distributes heating oil and unbranded fuel; and transportation logistics. The Marine segment markets fuel, lubricants, and related products and services to international container, dry bulk and tanker fleets, commercial cruise lines, yachts and time charter operators, offshore rig owners and operators, the U.S. and foreign governments, and other fuel suppliers. This segment also offers marine fuel-related services include management services to procurement of fuel, price risk management, cost control, quality control, and claims management services; and engages in the fueling of vessels, and transportation and delivery of fuel and fuel-related products. The company was formerly known as World Fuel Services Corporation and changed its name to World Kinect Corporation in June 2023. World Kinect Corporation was incorporated in 1984 and is headquartered in Miami, Florida.

WKC Stock Price History

WKC Stock News Headlines

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Adam’s research shows a radical new technology is set to grow 10X faster than the internet … and drastically alter manufacturing, healthcare, agriculture … even energy. Nvidia’s CEO said it will be, “flat out, the biggest [tech] revolution ever.”
YieldBoost WKC To 12.7% Using Options
World Kinect: Fueling Ambitions
See More Headlines
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Company Calendar

Last Earnings
2/22/2024
Ex-Dividend for 4/16 Dividend
3/22/2024
Dividend Payable
4/16/2024
Today
5/09/2024
Next Earnings (Estimated)
7/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Petroleum products, not elsewhere classified
Sub-Industry
N/A
Employees
5,289
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$26.75
High Stock Price Target
$32.00
Low Stock Price Target
$24.00
Potential Upside/Downside
+8.1%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
4 Analysts

Profitability

Net Income
$52.90 million
Pretax Margin
0.15%

Debt

Sales & Book Value

Annual Sales
$46.18 billion
Cash Flow
$3.86 per share
Book Value
$32.38 per share

Miscellaneous

Free Float
58,380,000
Market Cap
$1.48 billion
Optionable
Optionable
Beta
1.27
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WKC Stock Analysis - Frequently Asked Questions

Should I buy or sell World Kinect stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for World Kinect in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" WKC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WKC, but not buy additional shares or sell existing shares.
View WKC analyst ratings
or view top-rated stocks.

What is World Kinect's stock price target for 2024?

4 brokers have issued 1 year price targets for World Kinect's shares. Their WKC share price targets range from $24.00 to $32.00. On average, they expect the company's stock price to reach $26.75 in the next twelve months. This suggests a possible upside of 8.1% from the stock's current price.
View analysts price targets for WKC
or view top-rated stocks among Wall Street analysts.

How have WKC shares performed in 2024?

World Kinect's stock was trading at $22.78 at the beginning of the year. Since then, WKC shares have increased by 8.6% and is now trading at $24.75.
View the best growth stocks for 2024 here
.

When is World Kinect's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 25th 2024.
View our WKC earnings forecast
.

How were World Kinect's earnings last quarter?

World Kinect Co. (NYSE:WKC) issued its quarterly earnings results on Thursday, February, 22nd. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.04. The business had revenue of $12 billion for the quarter, compared to analyst estimates of $12.23 billion. World Kinect had a net margin of 0.12% and a trailing twelve-month return on equity of 6.39%. During the same quarter in the previous year, the company posted $0.54 EPS.

How often does World Kinect pay dividends? What is the dividend yield for World Kinect?

World Kinect declared a quarterly dividend on Thursday, March 7th. Stockholders of record on Monday, March 25th will be given a dividend of $0.17 per share on Tuesday, April 16th. This represents a $0.68 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date is Friday, March 22nd. This is a positive change from the stock's previous quarterly dividend of $0.14.
Read our dividend analysis for WKC
.

Is World Kinect a good dividend stock?

World Kinect (NYSE:WKC) pays an annual dividend of $0.68 per share and currently has a dividend yield of 2.84%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 73.12%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WKC will have a dividend payout ratio of 27.53% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WKC.

Who are World Kinect's major shareholders?

World Kinect's stock is owned by a number of institutional and retail investors. Top institutional investors include Principal Financial Group Inc. (2.73%), LSV Asset Management (1.97%), Assenagon Asset Management S.A. (0.76%), Empowered Funds LLC (0.41%), Nordea Investment Management AB (0.28%) and BNP Paribas Financial Markets (0.21%). Insiders that own company stock include Ira M Birns, Jeffrey Paul Smith, Ken Bakshi, Michael Crosby, Michael J Kasbar and Paul H Stebbins.
View institutional ownership trends
.

How do I buy shares of World Kinect?

Shares of WKC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:WKC) was last updated on 5/10/2024 by MarketBeat.com Staff

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