World Fuel Services Corporation (INT) Receiving Somewhat Favorable Press Coverage, Accern Reports
Media headlines about World Fuel Services Corporation (NYSE:INT) have been trending somewhat positive on Friday, according to Accern. Accern ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. World Fuel Services Corporation earned a daily sentiment score of 0.07 on Accern’s scale. Accern also gave media stories about the oil and gas company an impact score of 47.2111839120409 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
World Fuel Services Corporation (NYSE:INT) opened at $26.74 on Friday. The stock has a market capitalization of $1,810.00, a P/E ratio of 16.83, a P/E/G ratio of 2.37 and a beta of 0.90. World Fuel Services Corporation has a 12-month low of $25.80 and a 12-month high of $47.49. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.63 and a quick ratio of 1.42.
World Fuel Services Corporation (NYSE:INT) last released its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. The business had revenue of $8.54 billion for the quarter, compared to analysts’ expectations of $8.19 billion. World Fuel Services Corporation had a return on equity of 5.54% and a net margin of 0.08%. The firm’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.82 EPS. equities analysts anticipate that World Fuel Services Corporation will post 2.24 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, November 6th. Shareholders of record on Monday, October 16th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, October 13th. This represents a $0.24 dividend on an annualized basis and a yield of 0.90%. World Fuel Services Corporation’s dividend payout ratio is presently 68.57%.
World Fuel Services Corporation announced that its Board of Directors has authorized a share repurchase plan on Wednesday, October 4th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the oil and gas company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its shares are undervalued.
Several equities analysts recently issued reports on INT shares. BidaskClub raised World Fuel Services Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Bank of America Corporation cut World Fuel Services Corporation from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $41.00 to $36.00 in a research report on Tuesday, September 26th. Finally, Zacks Investment Research cut World Fuel Services Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st.
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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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