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NYSE:WKC

World Kinect (WKC) Stock Price, News & Analysis

$30.40
-0.28 (-0.91%)
(As of 10/8/2024 ET)

About World Kinect Stock (NYSE:WKC)

Key Stats

Today's Range
$30.00
$30.56
50-Day Range
$25.88
$31.40
52-Week Range
$17.69
$31.70
Volume
725,157 shs
Average Volume
628,053 shs
Market Capitalization
$1.82 billion
P/E Ratio
32.69
Dividend Yield
2.24%
Price Target
$30.40
Consensus Rating
Hold

Company Overview

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. The Land segment offers fuel, lubricants, heating oil, and related products and services to retail petroleum operators, as well as industrial, commercial, residential and government customers. This segment also provides sustainability solutions, such as renewable fuel products, carbon management, and renewable energy solutions; distributes fuel under long-term contracts to branded and unbranded distributors, convenience stores, and retail fuel outlets operated by third parties; distributes heating oil and unbranded fuel; and transportation logistics. The Marine segment markets fuel, lubricants, and related products and services to international container, dry bulk and tanker fleets, commercial cruise lines, yachts and time charter operators, offshore rig owners and operators, the U.S. and foreign governments, and other fuel suppliers. This segment also offers marine fuel-related services include management services to procurement of fuel, price risk management, cost control, quality control, and claims management services; and engages in the fueling of vessels, and transportation and delivery of fuel and fuel-related products. The company was formerly known as World Fuel Services Corporation and changed its name to World Kinect Corporation in June 2023. World Kinect Corporation was incorporated in 1984 and is headquartered in Miami, Florida.

World Kinect Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
44th Percentile Overall Score

WKC MarketRank™: 

World Kinect scored higher than 44% of companies evaluated by MarketBeat, and ranked 198th out of 260 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    World Kinect has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 2 buy ratings, 1 hold rating, and 2 sell ratings.

  • Amount of Analyst Coverage

    World Kinect has only been the subject of 4 research reports in the past 90 days.

  • Read more about World Kinect's stock forecast and price target.
  • Earnings Growth

    Earnings for World Kinect are expected to grow by 14.88% in the coming year, from $2.15 to $2.47 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of World Kinect is 32.69, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.56.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of World Kinect is 32.69, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 15.65.

  • Price to Earnings Growth Ratio

    World Kinect has a PEG Ratio of 1.06. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    World Kinect has a P/B Ratio of 0.94. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Read more about World Kinect's valuation and earnings.
  • Percentage of Shares Shorted

    10.03% of the float of World Kinect has been sold short.
  • Short Interest Ratio / Days to Cover

    World Kinect has a short interest ratio ("days to cover") of 8.1.
  • Change versus previous month

    Short interest in World Kinect has recently increased by 1.60%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    World Kinect pays a meaningful dividend of 2.21%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    World Kinect does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of World Kinect is 73.12%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, World Kinect will have a dividend payout ratio of 27.53% next year. This indicates that World Kinect will be able to sustain or increase its dividend.

  • Read more about World Kinect's dividend.
  • Percentage of Shares Shorted

    10.03% of the float of World Kinect has been sold short.
  • Short Interest Ratio / Days to Cover

    World Kinect has a short interest ratio ("days to cover") of 8.1.
  • Change versus previous month

    Short interest in World Kinect has recently increased by 1.60%, indicating that investor sentiment is decreasing.
  • News Sentiment

    World Kinect has a news sentiment score of 1.23. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Oils/Energy companies.
  • News Coverage This Week

    MarketBeat has tracked 3 news articles for World Kinect this week, compared to 3 articles on an average week.
  • MarketBeat Follows

    1 people have added World Kinect to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, World Kinect insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,098,308.00 in company stock.

  • Percentage Held by Insiders

    Only 2.90% of the stock of World Kinect is held by insiders.

  • Percentage Held by Institutions

    97.06% of the stock of World Kinect is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about World Kinect's insider trading history.
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WKC Stock News Headlines

World Kinect Co. (NYSE:WKC) Declares Quarterly Dividend of $0.17
Analyst Scoreboard: 4 Ratings For World Kinect
Musk’s new company could top a trillion?
The investment legend who predicted the rise of Bitcoin, Facebook and streaming services like Netflix… Just released the details on what he’s calling Elon’s Project X-9840.
Morgan Stanley Downgrades World Kinect (WKC)
See More Headlines

WKC Stock Analysis - Frequently Asked Questions

World Kinect's stock was trading at $22.78 at the start of the year. Since then, WKC stock has increased by 33.5% and is now trading at $30.40.
View the best growth stocks for 2024 here
.

World Kinect Co. (NYSE:WKC) announced its earnings results on Thursday, July, 25th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by $0.08. The company's revenue was down .1% on a year-over-year basis.

Top institutional shareholders of World Kinect include SG Americas Securities LLC (0.11%). Insiders that own company stock include Michael J Kasbar, John L Manley and Ken Bakshi.
View institutional ownership trends
.

Shares of WKC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Company Calendar

Ex-Dividend for 7/16 Dividend
6/17/2024
Dividend Payable
7/16/2024
Last Earnings
7/25/2024
Ex-Dividend for 10/16 Dividend
9/30/2024
Today
10/08/2024
Dividend Payable
10/16/2024
Next Earnings (Estimated)
10/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Petroleum products, not elsewhere classified
Sub-Industry
Wholesale
Employees
5,289
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$30.40
High Stock Price Target
$33.00
Low Stock Price Target
$27.00
Potential Upside/Downside
+0.7%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
5 Analysts

Profitability

Net Income
$52.90 million
Pretax Margin
0.32%

Debt

Sales & Book Value

Annual Sales
$46.16 billion
Cash Flow
$3.66 per share
Book Value
$32.38 per share

Miscellaneous

Free Float
58,200,000
Market Cap
$1.81 billion
Optionable
Optionable
Beta
1.25
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This page (NYSE:WKC) was last updated on 10/8/2024 by MarketBeat.com Staff
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