World Kinect Corp (WKC) saw an uptrend of 1.21% in the recent trading with $27.58 being its most recent. The current price level -12.56% lower than the highest price of $31.54 marked by the stock while trading over the past 52-weeks, whereas it is 21.47% higher than the lowest price of $22.70 the company dropped to over past 52-weeks. The latest news story on WKC appeared in (Business Wire) under the title “World Kinect Corporation Declares Regular Quarterly Cash Dividend and Announces Additional $150 Million Share Repurchase Authorization”.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Hold by 1 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 3.67 for the stock.
World Kinect Corp Earnings – What Happened With WKC
Coming around sales and income figures on WKC Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. World Kinect Corp (WKC) last released financial results for the quarter that ended 12/31/2024, posting a surprise factor of 23.81% for net revenue.
WKC – World Kinect Corp Stock Earnings Estimates
The perspective of World Kinect Corp (NYSE:WKC)’s current quarter earnings identifies that analysts are in consensus over the estimate of 0.5 for stock’s EPS in the current quarter. World Kinect Corp (WKC) last released financial results for the quarter that ended 12/31/2024, posting a surprise factor of 23.81% for net revenue. Company’s EPS for the last quarter was 0.62.
World Kinect Corp – Insider Activity and Holdings
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 55.60 million. WKC does have institutional investors; and they hold 108.35% of the stock.
As on 2024-06-30, BLACKROCK INC. was the top most holder in World Kinect Corp (NYSE:WKC) with an ownership of 10.9 million shares of the company or 18.2248 of the stake worth $281.18 million. The filing also reveals VANGUARD GROUP INC as the second largest holder in the company with a control over 11.8021 of the outstanding shares. Its stake is worth $182.09 million for having 7.06 million shares in hand.
DIMENSIONAL FUND ADVISORS LP also came holding a key position in the company during the recent quarter and it now holds 6.901 of the outstanding shares. With this there are now 382.0 institutions which have possession in WKC’s shares.
Key Metrics for WKC
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, World Kinect Corp has a debt to equity ratio of 0.49.
