World Fuel Services Corp (INT) Expected to Announce Quarterly Sales of $9.35 Billion

Equities research analysts expect World Fuel Services Corp (NYSE:INT) to report sales of $9.35 billion for the current quarter, Zacks reports. Two analysts have issued estimates for World Fuel Services’ earnings, with estimates ranging from $9.01 billion to $9.69 billion. World Fuel Services posted sales of $8.09 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 15.6%. The company is scheduled to issue its next earnings report on Thursday, July 26th.

On average, analysts expect that World Fuel Services will report full year sales of $38.01 billion for the current fiscal year, with estimates ranging from $37.26 billion to $38.76 billion. For the next year, analysts forecast that the company will post sales of $40.50 billion per share, with estimates ranging from $39.69 billion to $41.31 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow World Fuel Services.

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World Fuel Services (NYSE:INT) last posted its earnings results on Thursday, April 26th. The oil and gas company reported $0.52 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.52. The company had revenue of $9.18 billion during the quarter, compared to analysts’ expectations of $9.12 billion. World Fuel Services had a negative net margin of 0.49% and a positive return on equity of 6.83%. World Fuel Services’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.50 EPS.

A number of analysts have recently issued reports on INT shares. Zacks Investment Research upgraded shares of World Fuel Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 1st. ValuEngine cut shares of World Fuel Services from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. World Fuel Services presently has a consensus rating of “Hold” and an average target price of $38.00.

In other World Fuel Services news, Director Jorge L. Benitez acquired 5,000 shares of the company’s stock in a transaction on Wednesday, May 23rd. The stock was acquired at an average price of $21.58 per share, for a total transaction of $107,900.00. Following the purchase, the director now directly owns 50,072 shares of the company’s stock, valued at $1,080,553.76. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.20% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the business. Two Sigma Investments LP acquired a new stake in World Fuel Services in the 4th quarter worth about $6,765,000. Kestrel Investment Management Corp acquired a new stake in World Fuel Services in the 1st quarter worth about $7,460,000. Arizona State Retirement System raised its stake in World Fuel Services by 25.2% in the 4th quarter. Arizona State Retirement System now owns 48,666 shares of the oil and gas company’s stock worth $1,369,000 after purchasing an additional 9,798 shares in the last quarter. Artisan Partners Limited Partnership raised its stake in World Fuel Services by 4.1% in the 1st quarter. Artisan Partners Limited Partnership now owns 3,152,080 shares of the oil and gas company’s stock worth $77,384,000 after purchasing an additional 123,406 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in World Fuel Services by 21.7% in the 4th quarter. California Public Employees Retirement System now owns 185,927 shares of the oil and gas company’s stock worth $5,232,000 after purchasing an additional 33,112 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

Shares of World Fuel Services traded up $0.08, reaching $21.33, during mid-day trading on Friday, according to MarketBeat Ratings. 628,500 shares of the company were exchanged, compared to its average volume of 820,824. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.19 and a current ratio of 1.41. The stock has a market cap of $1.45 billion, a PE ratio of 11.47, a P/E/G ratio of 2.16 and a beta of 0.92. World Fuel Services has a twelve month low of $19.78 and a twelve month high of $40.16.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 6th. Shareholders of record on Friday, June 8th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.13%. The ex-dividend date was Thursday, June 7th. World Fuel Services’s dividend payout ratio (DPR) is 12.90%.

About World Fuel Services

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 offers fuel management; price risk management; ground handling; dispatch; and international trip planning services, such as flight plans, weather reports, and overflight permits.

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