World Kinect (WKC) to Release Earnings on Thursday

World Kinect (NYSE:WKC - Get Free Report) is projected to post its Q2 2025 quarterly earnings results before the market opens on Thursday, July 31st. Analysts expect World Kinect to post earnings of $0.58 per share and revenue of $9.32 billion for the quarter.

World Kinect (NYSE:WKC - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.03. World Kinect had a net margin of 0.05% and a return on equity of 6.46%. The firm had revenue of $9.45 billion during the quarter, compared to the consensus estimate of $10.47 billion. During the same period in the previous year, the firm earned $0.47 earnings per share. World Kinect's revenue was down 13.7% compared to the same quarter last year. On average, analysts expect World Kinect to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

World Kinect Trading Down 1.0%

World Kinect stock traded down $0.27 during trading on Friday, reaching $28.09. The company had a trading volume of 502,890 shares, compared to its average volume of 785,109. World Kinect has a 12-month low of $22.71 and a 12-month high of $31.71. The stock's 50 day moving average price is $28.12 and its two-hundred day moving average price is $27.52. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 117.04, a PEG ratio of 1.32 and a beta of 1.35. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.00 and a current ratio of 1.15.

World Kinect Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 16th. Shareholders of record on Tuesday, June 17th were paid a dividend of $0.20 per share. This is an increase from World Kinect's previous quarterly dividend of $0.17. This represents a $0.80 annualized dividend and a yield of 2.85%. The ex-dividend date was Tuesday, June 17th. World Kinect's payout ratio is currently 333.33%.

Hedge Funds Weigh In On World Kinect

Several large investors have recently bought and sold shares of WKC. Royal Bank of Canada boosted its position in shares of World Kinect by 2.2% during the 1st quarter. Royal Bank of Canada now owns 68,228 shares of the company's stock valued at $1,934,000 after purchasing an additional 1,481 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of World Kinect by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,972 shares of the company's stock worth $963,000 after buying an additional 1,497 shares during the period. Millennium Management LLC boosted its holdings in shares of World Kinect by 3.3% in the first quarter. Millennium Management LLC now owns 525,697 shares of the company's stock worth $14,909,000 after buying an additional 16,738 shares during the period. AQR Capital Management LLC boosted its holdings in shares of World Kinect by 16.5% in the first quarter. AQR Capital Management LLC now owns 119,198 shares of the company's stock worth $3,380,000 after buying an additional 16,874 shares during the period. Finally, Intech Investment Management LLC boosted its holdings in shares of World Kinect by 95.5% in the first quarter. Intech Investment Management LLC now owns 47,437 shares of the company's stock worth $1,345,000 after buying an additional 23,176 shares during the period. Institutional investors and hedge funds own 97.06% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Bank of America reduced their target price on shares of World Kinect from $27.00 to $26.00 and set an "underperform" rating on the stock in a research report on Friday, April 25th.

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.