World Kinect (NYSE:WKC) Posts Earnings Results, Beats Expectations By $0.54 EPS

World Kinect (NYSE:WKC) issued its earnings results on Thursday. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $0.75 by $0.54, Zacks reports. World Kinect had a positive return on equity of 8.27% and a negative net margin of 1.53%. World Kinect updated its FY 2026 guidance to 3.200-3.400 EPS.

World Kinect Stock Performance

Shares of WKC traded up $0.10 during midday trading on Thursday, reaching $36.39. 1,431,952 shares of the stock were exchanged, compared to its average volume of 920,476. The stock’s 50 day simple moving average is $31.88 and its 200 day simple moving average is $27.60. The company has a market cap of $1.87 billion, a P/E ratio of -3.56, a PEG ratio of 0.75 and a beta of 1.19. World Kinect has a twelve month low of $22.21 and a twelve month high of $37.88. The company has a quick ratio of 0.87, a current ratio of 1.05 and a debt-to-equity ratio of 0.65.

World Kinect Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.5%. The ex-dividend date was Tuesday, June 30th. This is a positive change from World Kinect’s previous quarterly dividend of $0.20. World Kinect’s dividend payout ratio (DPR) is -9.01%.

Insider Buying and Selling at World Kinect

In related news, CAO Michael John Kroll sold 2,100 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $27.30, for a total transaction of $57,330.00. Following the sale, the chief accounting officer owned 10,390 shares of the company’s stock, valued at $283,647. This represents a 16.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard A. Kassar sold 10,000 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $26.97, for a total value of $269,700.00. Following the transaction, the director owned 53,812 shares in the company, valued at approximately $1,451,309.64. This trade represents a 15.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 132,928 shares of company stock worth $3,983,065. 3.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Aquatic Capital Management LLC bought a new stake in World Kinect during the third quarter worth about $61,000. Aster Capital Management DIFC Ltd raised its position in shares of World Kinect by 977.9% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,630 shares of the company’s stock valued at $62,000 after buying an additional 2,386 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of World Kinect during the 2nd quarter worth approximately $96,000. Tower Research Capital LLC TRC increased its stake in World Kinect by 72.7% in the second quarter. Tower Research Capital LLC TRC now owns 6,021 shares of the company’s stock valued at $171,000 after acquiring an additional 2,534 shares during the last quarter. Finally, Corient Private Wealth LLC bought a new position in shares of World Kinect in the 2nd quarter valued at $214,000. Institutional investors own 97.06% of the company’s stock.

Analysts Set New Price Targets

WKC has been the topic of a number of research analyst reports. Weiss Ratings upgraded World Kinect from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, June 29th. Wall Street Zen raised shares of World Kinect from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Zacks Research downgraded shares of World Kinect from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 2nd. Finally, Morgan Stanley raised their target price on shares of World Kinect from $26.00 to $28.00 and gave the stock an “underweight” rating in a research note on Tuesday. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, World Kinect currently has an average rating of “Hold” and a consensus price target of $30.50.

World Kinect Company Profile

World Kinect Energy Services, Inc (NYSE: WKC) is a global energy services company specializing in fuel procurement, supply chain management and risk mitigation solutions. The company offers an integrated platform that facilitates the sourcing, trading and logistics of refined fuels, natural gas, liquefied natural gas (LNG) and renewable energy products. Its services are designed to help industrial, commercial and institutional clients optimize energy costs, comply with environmental regulations and manage price volatility.

In addition to traditional commodity trading and delivery, World Kinect provides a suite of value-added services that include carbon offset and decarbonization strategies, energy efficiency consulting and emissions reporting.