World Fuel Services Corp. Declares Quarterly Dividend of $0.06 (INT)
World Fuel Services Corp. (NYSE:INT) announced a quarterly dividend on Wednesday, November 30th. Stockholders of record on Friday, December 16th will be given a dividend of 0.06 per share on Tuesday, December 6th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.54%.
Shares of World Fuel Services Corp. (NYSE:INT) opened at 44.46 on Thursday. The stock has a 50 day moving average of $43.70 and a 200-day moving average of $45.32. World Fuel Services Corp. has a 1-year low of $35.13 and a 1-year high of $51.01. The stock has a market capitalization of $3.13 billion, a P/E ratio of 16.63 and a beta of 1.06.
World Fuel Services Corp. (NYSE:INT) last posted its earnings results on Thursday, October 27th. The company reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.12. World Fuel Services Corp. had a net margin of 0.68% and a return on equity of 10.92%. The firm earned $7.40 billion during the quarter, compared to the consensus estimate of $7.11 billion. During the same period last year, the firm posted $0.86 EPS. The firm’s revenue for the quarter was down 5.3% on a year-over-year basis. Equities research analysts predict that World Fuel Services Corp. will post $2.50 earnings per share for the current fiscal year.
Large investors have recently added to or reduced their stakes in the company. Stevens Capital Management LP purchased a new stake in World Fuel Services Corp. during the second quarter valued at about $222,000. Martingale Asset Management L P bought a new stake in World Fuel Services Corp. during the second quarter valued at about $225,000. Jane Street Group LLC bought a new stake in World Fuel Services Corp. during the third quarter valued at about $276,000. BlackRock Japan Co. Ltd boosted its stake in World Fuel Services Corp. by 12.0% in the second quarter. BlackRock Japan Co. Ltd now owns 6,661 shares of the company’s stock valued at $316,000 after buying an additional 714 shares in the last quarter. Finally, AXA boosted its stake in World Fuel Services Corp. by 52.9% in the second quarter. AXA now owns 7,514 shares of the company’s stock valued at $356,000 after buying an additional 2,600 shares in the last quarter. 88.58% of the stock is currently owned by institutional investors.
Several equities analysts have weighed in on INT shares. Zacks Investment Research upgraded shares of World Fuel Services Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, September 28th. Stifel Nicolaus assumed coverage on shares of World Fuel Services Corp. in a research note on Tuesday, August 23rd. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $49.50.
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World Fuel Services Corp. Company Profile
World Fuel Services Corporation is a fuel logistics, transaction management and payment processing company. The Company operates through three segments: aviation, marine and land. The aviation segment offers fuel and related services to commercial airlines second and third-tier airlines, cargo carriers, regional carriers, airports, fixed based operators, corporate fleets, fractional operators, private aircraft and military fleets.
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