Equities analysts expect World Fuel Services Corp (NYSE:INT) to post earnings of $0.56 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for World Fuel Services’ earnings, with the lowest EPS estimate coming in at $0.52 and the highest estimate coming in at $0.58. World Fuel Services reported earnings per share of $0.60 in the same quarter last year, which indicates a negative year over year growth rate of 6.7%. The company is expected to announce its next earnings report on Thursday, October 25th.

According to Zacks, analysts expect that World Fuel Services will report full year earnings of $2.00 per share for the current fiscal year, with EPS estimates ranging from $1.98 to $2.03. For the next fiscal year, analysts forecast that the business will report earnings of $2.34 per share, with EPS estimates ranging from $2.30 to $2.43. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow World Fuel Services.

World Fuel Services (NYSE:INT) last issued its quarterly earnings data on Thursday, July 26th. The oil and gas company reported $0.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.02. The company had revenue of $10.15 billion for the quarter, compared to analysts’ expectations of $9.49 billion. World Fuel Services had a positive return on equity of 6.90% and a negative net margin of 0.47%. The firm’s revenue for the quarter was up 25.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.50 earnings per share.

Several analysts have recently commented on the company. ValuEngine upgraded World Fuel Services from a “sell” rating to a “hold” rating in a report on Saturday, July 28th. Zacks Investment Research raised shares of World Fuel Services from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Wednesday, August 1st. Finally, Bank of America lowered their target price on shares of World Fuel Services from $25.00 to $24.00 and set an “underperform” rating on the stock in a research note on Friday, July 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. World Fuel Services presently has an average rating of “Hold” and an average target price of $31.67.

Shares of NYSE INT opened at $27.77 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.35 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $1.89 billion, a P/E ratio of 15.13, a PEG ratio of 2.78 and a beta of 1.19. World Fuel Services has a 52-week low of $19.78 and a 52-week high of $37.01.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 12th. Stockholders of record on Friday, September 21st will be given a dividend of $0.06 per share. The ex-dividend date is Thursday, September 20th. This represents a $0.24 annualized dividend and a dividend yield of 0.86%. World Fuel Services’s dividend payout ratio (DPR) is currently 12.90%.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Point72 Hong Kong Ltd acquired a new position in World Fuel Services in the second quarter valued at $110,000. Strs Ohio purchased a new stake in shares of World Fuel Services in the second quarter valued at about $189,000. Hartford Investment Management Co. purchased a new stake in shares of World Fuel Services in the second quarter valued at about $222,000. Alambic Investment Management L.P. purchased a new position in shares of World Fuel Services during the first quarter valued at approximately $305,000. Finally, Northwestern Mutual Investment Management Company LLC lifted its stake in shares of World Fuel Services by 56.3% during the first quarter. Northwestern Mutual Investment Management Company LLC now owns 13,841 shares of the oil and gas company’s stock valued at $340,000 after buying an additional 4,985 shares during the period. 95.19% of the stock is owned by hedge funds and other institutional investors.

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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Earnings History and Estimates for World Fuel Services (NYSE:INT)

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