World Fuel Services Corp (INT) Forecasted to Post Q1 2020 Earnings of $0.56 Per Share

World Fuel Services Corp (NYSE:INT) – Equities research analysts at Seaport Global Securities issued their Q1 2020 earnings per share (EPS) estimates for World Fuel Services in a research report issued to clients and investors on Thursday, March 7th. Seaport Global Securities analyst K. Sterling forecasts that the oil and gas company will earn $0.56 per share for the quarter. Seaport Global Securities currently has a “Buy” rating and a $40.00 target price on the stock. Seaport Global Securities also issued estimates for World Fuel Services’ Q2 2020 earnings at $0.60 EPS, Q3 2020 earnings at $0.80 EPS, Q4 2020 earnings at $0.74 EPS and FY2020 earnings at $2.70 EPS.

Get World Fuel Services alerts:

Several other research analysts have also recently commented on the stock. Zacks Investment Research cut shares of World Fuel Services from a “buy” rating to a “hold” rating in a report on Friday, March 1st. ValuEngine raised shares of World Fuel Services from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $31.67.

Shares of INT opened at $28.32 on Friday. World Fuel Services has a 12 month low of $19.78 and a 12 month high of $33.17. The firm has a market cap of $1.87 billion, a P/E ratio of 13.42, a price-to-earnings-growth ratio of 2.43 and a beta of 1.04. The company has a quick ratio of 1.11, a current ratio of 1.32 and a debt-to-equity ratio of 0.40.

World Fuel Services (NYSE:INT) last announced its earnings results on Thursday, February 21st. The oil and gas company reported $0.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.05. World Fuel Services had a net margin of 0.32% and a return on equity of 8.05%. The business had revenue of $9.99 billion during the quarter, compared to analysts’ expectations of $10.40 billion. During the same quarter in the prior year, the company posted $0.25 earnings per share. The firm’s revenue was up 12.6% on a year-over-year basis.

A number of large investors have recently added to or reduced their stakes in INT. Norges Bank bought a new position in World Fuel Services during the fourth quarter worth about $20,663,000. FMR LLC grew its stake in World Fuel Services by 19.0% during the second quarter. FMR LLC now owns 5,113,298 shares of the oil and gas company’s stock worth $104,362,000 after buying an additional 817,879 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of World Fuel Services by 13.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,439,333 shares of the oil and gas company’s stock valued at $150,563,000 after purchasing an additional 638,600 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of World Fuel Services by 2,041.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 578,070 shares of the oil and gas company’s stock valued at $27,000 after purchasing an additional 551,070 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in shares of World Fuel Services by 5.3% in the 3rd quarter. BlackRock Inc. now owns 8,244,346 shares of the oil and gas company’s stock valued at $228,204,000 after purchasing an additional 417,982 shares in the last quarter. 89.69% of the stock is currently owned by institutional investors and hedge funds.

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.

Featured Story: Moving Average (MA)