Wall Street analysts expect World Fuel Services Corp (NYSE:INT) to report sales of $9.62 billion for the current quarter, Zacks reports. Two analysts have made estimates for World Fuel Services’ earnings. The lowest sales estimate is $9.29 billion and the highest is $9.94 billion. World Fuel Services posted sales of $10.15 billion in the same quarter last year, which would indicate a negative year over year growth rate of 5.2%. The firm is expected to issue its next quarterly earnings results on Thursday, July 25th.

According to Zacks, analysts expect that World Fuel Services will report full-year sales of $38.02 billion for the current fiscal year, with estimates ranging from $37.37 billion to $38.67 billion. For the next year, analysts expect that the business will report sales of $42.68 billion, with estimates ranging from $39.88 billion to $45.47 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover World Fuel Services.

World Fuel Services (NYSE:INT) last issued its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $0.66 EPS for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.17. The business had revenue of $8.68 billion for the quarter, compared to analyst estimates of $9.98 billion. World Fuel Services had a return on equity of 8.42% and a net margin of 0.35%. World Fuel Services’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period last year, the company posted $0.52 earnings per share.

A number of analysts recently commented on INT shares. Seaport Global Securities reiterated a “neutral” rating on shares of World Fuel Services in a report on Friday, February 22nd. Zacks Investment Research lowered World Fuel Services from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $32.67.

World Fuel Services stock remained flat at $$33.17 during mid-day trading on Friday. The company had a trading volume of 425,563 shares, compared to its average volume of 476,049. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of 15.72, a P/E/G ratio of 2.80 and a beta of 1.06. World Fuel Services has a 1-year low of $19.78 and a 1-year high of $33.73. The company has a quick ratio of 1.15, a current ratio of 1.36 and a debt-to-equity ratio of 0.35.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, June 10th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, June 7th. This is a positive change from World Fuel Services’s previous quarterly dividend of $0.06. This represents a $0.40 annualized dividend and a dividend yield of 1.21%. World Fuel Services’s payout ratio is presently 18.96%.

In other World Fuel Services news, EVP Robert Alexander Lake sold 1,500 shares of the business’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $32.91, for a total value of $49,365.00. Following the sale, the executive vice president now directly owns 59,122 shares in the company, valued at $1,945,705.02. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director J Thomas Presby sold 13,078 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $29.23, for a total value of $382,269.94. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its stake in shares of World Fuel Services by 4.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,685,164 shares of the oil and gas company’s stock valued at $121,718,000 after buying an additional 245,831 shares during the period. Dupont Capital Management Corp raised its stake in shares of World Fuel Services by 57.7% in the fourth quarter. Dupont Capital Management Corp now owns 48,984 shares of the oil and gas company’s stock valued at $1,049,000 after buying an additional 17,928 shares during the period. Algert Global LLC raised its stake in shares of World Fuel Services by 104.4% in the fourth quarter. Algert Global LLC now owns 68,363 shares of the oil and gas company’s stock valued at $1,464,000 after buying an additional 34,914 shares during the period. Brandywine Global Investment Management LLC bought a new stake in shares of World Fuel Services in the fourth quarter valued at $4,944,000. Finally, Northwest Investment Counselors LLC raised its stake in shares of World Fuel Services by 8.0% in the first quarter. Northwest Investment Counselors LLC now owns 18,703 shares of the oil and gas company’s stock valued at $540,000 after buying an additional 1,386 shares during the period. Hedge funds and other institutional investors own 91.16% of the company’s stock.

World Fuel Services Company Profile

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 supplies fuel, and related products and services to commercial airlines, second and third tier airlines, cargo carriers, regional and low-cost carriers, airports, fixed based operators, corporate fleets, fractional operators, private aircraft, military fleets, the U.S.

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

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