World Kinect (NYSE:WKC) Posts Earnings Results, Beats Expectations By $0.05 EPS

Posted by Micah Haroldson on Feb 22nd, 2025

World Kinect (NYSE:WKC – Get Free Report) posted its quarterly earnings data on Thursday. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05, Zacks reports. World Kinect had a net margin of 0.16% and a return on equity of 6.43%. The company had revenue of $9.76 billion for the quarter, compared to the consensus estimate of $10.57 billion.

World Kinect Price Performance

Shares of WKC opened at $30.72 on Friday. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 28.98, a PEG ratio of 0.89 and a beta of 1.27. World Kinect has a 1-year low of $21.38 and a 1-year high of $31.70. The company’s fifty day simple moving average is $27.89 and its 200 day simple moving average is $28.46. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 23rd were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $0.68 dividend on an annualized basis and a yield of 2.21%. World Kinect’s payout ratio is 64.15%.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus lowered their price objective on shares of World Kinect from $32.00 to $30.00 and set a “hold” rating on the stock in a report on Friday. 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 has an average rating of “Hold” and a consensus target price of $29.80.

Check Out Our Latest Stock Report on World Kinect

World Kinect Company Profile

(Get Free Report)

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.