World Kinect (WKC) Projected to Post Earnings on Thursday

World Kinect (NYSE:WKC) is projected to release its earnings data after the market closes on Thursday, February 20th. Analysts expect World Kinect to post earnings of $0.57 per share and revenue of $10.57 billion for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

World Kinect Trading Down 1.4 %

WKC opened at $28.01 on Thursday. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 12.45, a PEG ratio of 0.92 and a beta of 1.27. The company has a current ratio of 1.16, a quick ratio of 0.99 and a debt-to-equity ratio of 0.39. World Kinect has a 12 month low of $21.38 and a 12 month high of $31.70. The stock has a fifty day moving average price of $27.97 and a 200-day moving average price of $28.44.

World Kinect Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Monday, December 23rd were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend was Monday, December 23rd. World Kinect’s payout ratio is 30.22%.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus lowered World Kinect from a “buy” rating to a “hold” rating and reduced their target price for the company from $33.00 to $32.00 in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $30.20.

World Kinect Company Profile

World Kinect Corporation operates as an energy management company in the United States, the Americas, Europe, the Middle East, Africa, and the Asia Pacific. This segment also offers fuel management, price risk management, ground handling, dispatch services, and trip planning services, such as flight planning and scheduling, weather reports and overflight permits; payment and processing services; and operates a web-based marketplace platform.