JP Morgan initiated coverage on World Kinect Corporation with a new price target
$WKC
Oil Refining/Marketing
Energy
JP Morgan initiated coverage of World Kinect Corporation with a rating of Neutral and set a new price target of $25.00
Get the next $WKC alert in real time by email
Get the next $WKC alert in real time by email
Chat with this insight
Save time and jump to the most important pieces.
Recent Analyst Ratings for $WKC
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/25/2024 | $33.00 → $32.00 | Buy → Hold | Stifel |
| 9/16/2024 | $28.00 | Equal-Weight → Underweight | Morgan Stanley |
| 2/21/2024 | $25.00 | Neutral | JP Morgan |
| 11/6/2023 | $24.00 | Equal-Weight | Morgan Stanley |
| 7/6/2023 | $30.00 | Outperform | Raymond James |
| 6/26/2023 | $29.00 → $22.00 | Buy → Underperform | BofA Securities |
World Kinect Corporation Declares Regular Quarterly Cash Dividend
World Kinect Corporation (NYSE:WKC) announced today that its board of directors has declared a quarterly cash dividend of $0.17 per share, which is payable on April 16, 2025 to shareholders of record on March 31, 2025. About World Kinect Corporation Headquartered in Miami, Florida, World Kinect Corporation (NYSE:WKC) is a global energy management company offering fulfillment and related services to more than 150,000 customers across the aviation, marine, and land-based transportation sectors. The company also supplies natural gas and power in the United States and Europe along with a broad suite of sustainability-related products and services. For more information, visit www.world-kinect
JetBlue Marks First Regular Supply of Sustainable Aviation Fuel (SAF) for Commercial Air Travel in New York
JetBlue (NASDAQ:JBLU) along with its fuel partners marked the first-ever regular supply of sustainable aviation fuel (SAF) for commercial air travel in the region at New York's John F. Kennedy International Airport (JFK). This milestone for SAF availability in the Northeast brings to reality an announcement from last summer, outlining JetBlue's 12-month agreement with World Fuel Services (World Fuel), a World Kinect company (NYSE:WKC), for at least 1 million gallons of neat SAF to be provided by Valero Marketing and Supply Company (Valero), a subsidiary of Valero Energy Corporation (NYSE:VLO). JetBlue's SAF supply is made possible through corporate business partners who help cover the cos
World Kinect Corporation Reports Fourth Quarter and Full Year 2024 Results
World Kinect Corporation (NYSE:WKC) today reported financial results for the fourth quarter and full year 2024. Fourth Quarter 2024 Highlights Gross profit of $259 million GAAP net loss of $102 million, or $1.77 per diluted share Adjusted net income of $36 million, or $0.62 per diluted share Generated $120 million of operating cash flow Repurchased $43 million of common stock Adjusted EBITDA of $95 million Year-Over-Year Segment Profitability Aviation – Gross profit of $120 million, a decrease of 8%, primarily driven by the sale of Avinode during the second quarter of 2024 and lower inventory-related profitability year-over-year, partially offset by growth in our commercial
World Kinect Corporation downgraded by Stifel with a new price target
Stifel downgraded World Kinect Corporation from Buy to Hold and set a new price target of $32.00 from $33.00 previously
World Kinect Corporation downgraded by Morgan Stanley with a new price target
Morgan Stanley downgraded World Kinect Corporation from Equal-Weight to Underweight and set a new price target of $28.00
JP Morgan initiated coverage on World Kinect Corporation with a new price target
JP Morgan initiated coverage of World Kinect Corporation with a rating of Neutral and set a new price target of $25.00
Chairman, CEO and President Kasbar Michael J covered exercise/tax liability with 71,137 shares and was granted 183,334 shares, increasing direct ownership by 11% to 1,131,260 units (SEC Form 4)
4 - WORLD KINECT CORP (0000789460) (Issuer)
Executive VP & CFO Birns Ira M was granted 63,150 shares and covered exercise/tax liability with 23,706 shares, increasing direct ownership by 20% to 239,651 units (SEC Form 4)
4 - WORLD KINECT CORP (0000789460) (Issuer)
EVP, Aviation, Land & Marine Rau John Peter was granted 52,576 shares and covered exercise/tax liability with 18,129 shares, increasing direct ownership by 25% to 169,959 units (SEC Form 4)
4 - WORLD KINECT CORP (0000789460) (Issuer)
SEC Form 10-K filed by World Kinect Corporation
10-K - WORLD KINECT CORP (0000789460) (Filer)
World Kinect Corporation filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits
8-K - WORLD KINECT CORP (0000789460) (Filer)
SEC Form 10-Q filed by World Kinect Corporation
10-Q - WORLD KINECT CORP (0000789460) (Filer)
JetBlue Announces First Regular Supply of Blended Sustainable Aviation Fuel (SAF) for Commercial Air Travel in New York
JetBlue signs supply agreement for Blended Sustainable Aviation Fuel (SAF) to supply John F. Kennedy International Airport (JFK) to begin as early as fourth quarter 2024 JetBlue invites other New York businesses to help scale the SAF market in the region Today JetBlue (NASDAQ:JBLU) and World Fuel Services (World Fuel), a World Kinect (NYSE:WKC) company, announced a new commercial agreement to bring the first regular supply of Blended Sustainable Aviation Fuel (SAF), provided by Valero Marketing and Supply Company (Valero), a subsidiary of Valero Energy Corporation (NYSE:VLO), to John F. Kennedy International Airport (JFK) as early as the fourth quarter of 2024. Under the terms of the in
World Kinect Corporation Declares Regular Quarterly Cash Dividend
World Kinect Corporation (NYSE:WKC) announced today that its board of directors has declared a quarterly cash dividend of $0.17 per share, which is payable on April 16, 2025 to shareholders of record on March 31, 2025. About World Kinect Corporation Headquartered in Miami, Florida, World Kinect Corporation (NYSE:WKC) is a global energy management company offering fulfillment and related services to more than 150,000 customers across the aviation, marine, and land-based transportation sectors. The company also supplies natural gas and power in the United States and Europe along with a broad suite of sustainability-related products and services. For more information, visit www.world-kinect
World Kinect Corporation Reports Fourth Quarter and Full Year 2024 Results
World Kinect Corporation (NYSE:WKC) today reported financial results for the fourth quarter and full year 2024. Fourth Quarter 2024 Highlights Gross profit of $259 million GAAP net loss of $102 million, or $1.77 per diluted share Adjusted net income of $36 million, or $0.62 per diluted share Generated $120 million of operating cash flow Repurchased $43 million of common stock Adjusted EBITDA of $95 million Year-Over-Year Segment Profitability Aviation – Gross profit of $120 million, a decrease of 8%, primarily driven by the sale of Avinode during the second quarter of 2024 and lower inventory-related profitability year-over-year, partially offset by growth in our commercial
World Kinect Corporation to Host Fourth Quarter and Full Year 2024 Earnings Conference Call on February 20, 2025
World Kinect Corporation (NYSE:WKC) invites you to participate in a conference call with its management team on Thursday, February 20, 2025, at 5:00 p.m. ET to discuss the company's fourth quarter and full year 2024 results, as well as certain forward-looking information. The company plans to release its fourth quarter and full year 2024 results after the market closes on the same date. Participants can access the live webcast by visiting the company's website at ir.worldkinect.com/events. An on-demand replay of the webcast will be available shortly after the call. About World Kinect Corporation Headquartered in Miami, Florida, World Kinect Corporation (NYSE:WKC) is a global energy ma