| 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 |
Stifel downgraded World Kinect Corporation from Buy to Hold and set a new price target of $32.00 from $33.00 previously
Morgan Stanley downgraded World Kinect Corporation from Equal-Weight to Underweight and set a new price target of $28.00
JP Morgan initiated coverage of World Kinect Corporation with a rating of Neutral and set a new price target of $25.00
Morgan Stanley initiated coverage of World Kinect Corporation with a rating of Equal-Weight and set a new price target of $24.00
Raymond James initiated coverage of World Kinect Corporation with a rating of Outperform and set a new price target of $30.00
BofA Securities downgraded World Kinect Corporation from Buy to Underperform and set a new price target of $22.00 from $29.00 previously
4 - WORLD KINECT CORP (0000789460) (Issuer)
4 - WORLD KINECT CORP (0000789460) (Issuer)
4 - WORLD KINECT CORP (0000789460) (Issuer)
4 - WORLD KINECT CORP (0000789460) (Issuer)
4 - WORLD KINECT CORP (0000789460) (Issuer)
4 - WORLD KINECT CORP (0000789460) (Issuer)
4 - WORLD KINECT CORP (0000789460) (Issuer)
4 - WORLD KINECT CORP (0000789460) (Issuer)
4 - WORLD KINECT CORP (0000789460) (Issuer)
4 - WORLD KINECT CORP (0000789460) (Issuer)
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
10-Q - WORLD KINECT CORP (0000789460) (Filer)
8-K - WORLD KINECT CORP (0000789460) (Filer)
10-Q - WORLD KINECT CORP (0000789460) (Filer)
8-K - WORLD KINECT CORP (0000789460) (Filer)
8-K - WORLD KINECT CORP (0000789460) (Filer)
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10-Q - WORLD KINECT CORP (0000789460) (Filer)
World Kinect Corporation (NYSE:WKC) today reported financial results for the third quarter of 2024. Results compared to the same period last year are as follows (unaudited - in millions, except percentages and per share data): Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 Change 2024 2023 Change Volume (1) 4,443 4,536 (2 )% 13,230 13,473 (2 )% Revenue $ 10,491 $ 12,245 (14 )% $ 32,407
World Kinect Corporation (NYSE:WKC) invites you to participate in a conference call with its management team on Thursday, October 24, 2024, at 5:00 p.m. ET to discuss the company's third quarter 2024 results, as well as certain forward-looking information. The company plans to release its third quarter 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 management company offering fulfillme
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 October 16, 2024 to shareholders of record on September 30, 2024. Additionally, the Board of Directors approved an additional $200 million share repurchase authorization. The new authorization is in addition to the Company's previous authorization, which had approximately $108 million remaining as of June 30, 2024. "Increasing our share repurchase authorization highlights our strong financial position and continued ability to deliver solid free cash flow," said Ira Birns, Executive Vice President and Chief Financial Officer. "We rem
World Kinect Corporation (NYSE:WKC) today reported financial results for the second quarter of 2024. Results compared to the same period last year are as follows (unaudited - in millions, except percentages and per share data): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 Change 2024 2023 Change Volume (1) 4,373 4,465 (2 )% 8,787 8,937
World Kinect Corporation (NYSE:WKC) invites you to participate in a conference call with its management team on Thursday, July 25, 2024, at 5:00 p.m. ET to discuss the company's second quarter 2024 results, as well as certain forward-looking information. The company plans to release its second quarter 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 if 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 management company offering fulfil
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 July 16, 2024 to shareholders of record on June 17, 2024. 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. We also supply natural gas and power in the United States and Europe along with a growing suite of other sustainability-related products and services. For more information, visit www.world-kinect.c
World Kinect Corporation (NYSE:WKC) today reported financial results for the first quarter of 2024. Results compared to the same period last year are as follows (unaudited - in millions, except percentages and per share data): Three Months Ended March 31, 2024 2023 Change Volume (1) 4,414 4,472 (1 )% Revenue $ 10,951 $ 12,482 (12 )% Gross profit $ 254 $ 263 (3
World Kinect Corporation (NYSE:WKC) invites you to participate in a conference call with its management team on Thursday, April 25, 2024, at 5:00 p.m. Eastern Time to discuss the company's first quarter 2024 results, as well as certain forward-looking information. The company plans to release its first quarter 2024 results after the market closes on the same date. Participants can access the live webcast or participate by phone by visiting the company's website at ir.worldkinect.com/events. To join the conference call by phone, participants must pre-register and will then receive dial-in information and a PIN enabling access to the call. About World Kinect Corporation Headquartered in
Focused on achieving a 30% adjusted operating margin and full-year adjusted EBITDA of $480 – 520 million by 2026. Targeting aggregate Free Cash Flow generation of $900 million to $1.2 billion over the next five years, with approximately 40% allocated to buybacks and dividends. World Kinect Corporation (NYSE:WKC) ("World Kinect" or the "Company") today hosted its 2024 Investor Day, during which the Company discussed its unique position in a large global market, its strategy to capture opportunities across its three business segments, and its financial targets to drive attractive long-term shareholder returns. "As our team continues to deliver for our global customer base, we are foc
World Kinect Corporation (NYSE:WKC) announced today that its board of directors has declared a quarterly cash dividend of $0.17 per share, an increase of approximately 21% over its previous dividend of $0.14 per share. The dividend is payable on April 16, 2024, to shareholders of record on March 25, 2024. "Our strong operating cash flow and healthy balance sheet provide us with the flexibility to continue investing in our core business activities while also returning capital to our shareholders," said Ira M. Birns, Executive Vice President and Chief Financial Officer. "As part of our broader capital allocation framework, this dividend increase, together with our share repurchase activity,
World Kinect Corporation (NYSE:WKC) today reported financial results for the third quarter of 2024. Results compared to the same period last year are as follows (unaudited - in millions, except percentages and per share data): Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 Change 2024 2023 Change Volume (1) 4,443 4,536 (2 )% 13,230 13,473 (2 )% Revenue $ 10,491 $ 12,245 (14 )% $ 32,407
World Kinect Corporation (NYSE:WKC) invites you to participate in a conference call with its management team on Thursday, October 24, 2024, at 5:00 p.m. ET to discuss the company's third quarter 2024 results, as well as certain forward-looking information. The company plans to release its third quarter 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 management company offering fulfillme
IRVING, Texas, Sept. 25, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE:DAR), the world's leading company turning food waste into sustainable products and producer of renewable energy, today announced that its 50/50 joint venture Diamond Green Diesel (DGD) will provide the first regular supply of sustainable aviation fuel (SAF) to Florida through an agreement between World Fuel and DHL Express. Under the terms of the agreement, World Fuel Services (World Fuel), a World Kinect Company (NYSE:WKC) will deliver over a two-year period approximately 60 million gallons of blende
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 October 16, 2024 to shareholders of record on September 30, 2024. Additionally, the Board of Directors approved an additional $200 million share repurchase authorization. The new authorization is in addition to the Company's previous authorization, which had approximately $108 million remaining as of June 30, 2024. "Increasing our share repurchase authorization highlights our strong financial position and continued ability to deliver solid free cash flow," said Ira Birns, Executive Vice President and Chief Financial Officer. "We rem
IRVING, Texas, July 31, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE:DAR), the world's leading company turning food waste into sustainable products and producer of renewable energy, today announced that its 50/50 joint venture Diamond Green Diesel (DGD) will provide the first regular supply of neat sustainable aviation fuel (SAF), to be blended with conventional jet fuel to create blended SAF, for commercial air travel out of John F. Kennedy International Airport (JFK) to begin in the next few months. DGD's Port Arthur, Texas, facility will supply 1 million gallons of neat SAF, with the option to supply an additional 4 million gallons, in support of a 12-month blended SAF agreement be
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 (NYSE:WKC) today reported financial results for the second quarter of 2024. Results compared to the same period last year are as follows (unaudited - in millions, except percentages and per share data): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 Change 2024 2023 Change Volume (1) 4,373 4,465 (2 )% 8,787 8,937
World Kinect Corporation (NYSE:WKC) invites you to participate in a conference call with its management team on Thursday, July 25, 2024, at 5:00 p.m. ET to discuss the company's second quarter 2024 results, as well as certain forward-looking information. The company plans to release its second quarter 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 if 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 management company offering fulfil
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 July 16, 2024 to shareholders of record on June 17, 2024. 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. We also supply natural gas and power in the United States and Europe along with a growing suite of other sustainability-related products and services. For more information, visit www.world-kinect.c
World Kinect Corporation (NYSE:WKC) announced today it has completed the sale of the Avinode Group, the world's leading air charter sourcing platform, and its portfolio of aviation FBO software products to CAMP Systems International, Inc., a wholly-owned subsidiary of Hearst. World Kinect received gross cash proceeds at closing of approximately $200 million, and expects to report a one-time after-tax gain of approximately $75-80 million in the second quarter. "We are pleased to close on this strategic sale – another example of our efforts to sharpen our portfolio," said Ira M. Birns, Executive Vice President and Chief Financial Officer. "In the short-term, this transaction provides us w
World Kinect (NYSE:WKC) reported quarterly earnings of $0.47 per share which missed the analyst consensus estimate of $0.49 by 4.08 percent. This is a 30.56 percent increase over earnings of $0.36 per share from the same period last year. The company reported quarterly sales of $10.951 billion which missed the analyst consensus estimate of $11.753 billion by 6.83 percent. This is a 12.27 percent decrease over sales of $12.482 billion the same period last year.
Raymond James analyst Pavel Molchanov maintains World Kinect (NYSE:WKC) with a Outperform and raises the price target from $30 to $32.
B of A Securities analyst Ken Hoexter maintains World Kinect (NYSE:WKC) with a Underperform and raises the price target from $23 to $26.
-SEC Filing
World Kinect Corporation (NYSE:WKC) announced today it has signed a definitive agreement to sell the Avinode Group, the world's leading air charter sourcing platform, and its portfolio of aviation FBO software products to CAMP Systems International, Inc., a wholly owned subsidiary of Hearst, for approximately $200 million in cash."This sale represents another step in sharpening our portfolio, all while generating a solid return," said Michael J. Kasbar, Chairman and Chief Executive Officer. "We look forward to providing an update on our unique position in the markets we serve and our clear strategy to capture opportunities across our three business segments at our upcoming Investor Day.""In
World Kinect Corporation (NYSE:WKC) announced today that its board of directors has declared a quarterly cash dividend of $0.17 per share, an increase of approximately 21% over its previous dividend of $0.14 per share. The dividend is payable on April 16, 2024, to shareholders of record on March 25, 2024. "Our strong operating cash flow and healthy balance sheet provide us with the flexibility to continue investing in our core business activities while also returning capital to our shareholders," said Ira M. Birns, Executive Vice President and Chief Financial Officer. "As part of our broader capital allocation framework, this dividend increase, together with our share repurchase activity, r
World Kinect (NYSE:WKC) reported quarterly earnings of $0.54 per share which beat the analyst consensus estimate of $0.44 by 22.73 percent. The company reported quarterly sales of $12.00 billion which missed the analyst consensus estimate of $12.14 billion by 1.10 percent. This is a 13.51 percent decrease over sales of $13.88 billion the same period last year.
World Kinect (NYSE:WKC) reported its Q4 earnings results on Thursday, February 22, 2024 at 04:15 PM. Here's what investors need to know about the announcement. Earnings World Kinect beat estimated earnings by 17.39%, reporting an EPS of $0.54 versus an estimate of $0.46. Revenue was down $1.87 billion from the same period last year. Past Earnings Performance Last quarter the company missed on EPS by $0.0 which was followed by a 8.15% drop in the share price the next day. Here's a look at World Kinect's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0.58 0.47 0.35 0.48 EPS Actual 0.58 0.48 0.36 0.54 Revenue Estimate 12.03B 13.20B 12.93B 14.16B Revenue Actu