World Fuel Services Corporation (NYSE:INT) announced a quarterly dividend on Wednesday, October 4th, RTT News reports. Shareholders of record on Monday, October 16th will be paid a dividend of 0.06 per share by the oil and gas company on Monday, November 6th. This represents a $0.24 annualized dividend and a yield of 0.67%.
World Fuel Services Corporation has raised its dividend payment by an average of 17.0% annually over the last three years and has raised its dividend annually for the last 2 consecutive years. World Fuel Services Corporation has a dividend payout ratio of 10.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect World Fuel Services Corporation to earn $2.83 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 8.5%.
Shares of World Fuel Services Corporation (NYSE:INT) opened at 35.81 on Thursday. The firm’s 50-day moving average is $34.72 and its 200 day moving average is $36.08. The company has a market capitalization of $2.45 billion, a PE ratio of 23.45 and a beta of 0.95. World Fuel Services Corporation has a 52 week low of $32.28 and a 52 week high of $47.49.
World Fuel Services Corporation (NYSE:INT) last issued its earnings results on Thursday, July 27th. The oil and gas company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.06). The firm had revenue of $8.09 billion during the quarter, compared to analyst estimates of $8.41 billion. World Fuel Services Corporation had a net margin of 0.34% and a return on equity of 5.60%. World Fuel Services Corporation’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.63 earnings per share. On average, analysts anticipate that World Fuel Services Corporation will post $2.26 earnings per share for the current fiscal year.
In other news, EVP Robert Alexander Lake sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $35.00, for a total value of $52,500.00. Following the completion of the transaction, the executive vice president now directly owns 42,302 shares in the company, valued at approximately $1,480,570. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Carlos M. Velazquez sold 6,850 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $33.74, for a total transaction of $231,119.00. Following the completion of the transaction, the senior vice president now owns 16,946 shares of the company’s stock, valued at $571,758.04. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.
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Several equities analysts have recently commented on the stock. Bank of America Corporation cut shares of World Fuel Services Corporation from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $41.00 to $36.00 in a research report on Tuesday, September 26th. BidaskClub upgraded shares of World Fuel Services Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Finally, Zacks Investment Research cut shares of World Fuel Services Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Two analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $42.00.
World Fuel Services Corporation Company Profile
World Fuel Services Corporation is engaged in providing aviation, marine and land energy, logistics and technology solutions to customers and suppliers around the world. The Company operates through three segments: Aviation, Marine and Land. In its Aviation segment, the Company offers fuel and related products and services.
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