World Fuel Services Corp (NYSE:INT) declared a quarterly dividend on Friday, December 1st, RTT News reports. Investors of record on Friday, December 15th will be paid a dividend of 0.06 per share by the oil and gas company on Friday, January 5th. This represents a $0.24 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend is Thursday, December 14th.
World Fuel Services has increased its dividend by an average of 17.0% per year over the last three years and has raised its dividend every year for the last 2 years. World Fuel Services has a dividend payout ratio of 10.7% meaning its dividend is sufficiently covered by earnings. Analysts expect World Fuel Services to earn $2.82 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 (NYSE:INT) opened at $27.19 on Friday. The company has a market capitalization of $1,850.05, a P/E ratio of 17.32, a PEG ratio of 2.44 and a beta of 0.92. World Fuel Services 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 (NYSE:INT) last posted its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $0.60 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.60. The business had revenue of $8.54 billion during the quarter, compared to analysts’ expectations of $8.19 billion. World Fuel Services had a return on equity of 5.54% and a net margin of 0.08%. The business’s revenue was up 15.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.82 earnings per share. sell-side analysts anticipate that World Fuel Services will post 2.24 EPS for the current fiscal year.
World Fuel Services announced that its board has approved a share buyback plan on Wednesday, October 4th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the oil and gas company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.
A number of analysts have recently commented on the company. BidaskClub cut World Fuel Services from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Bank of America cut World Fuel Services from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $41.00 to $36.00 in a research report on Tuesday, September 26th.
World Fuel Services 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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