This trade activity should not be overlooked: World Fuel Services Corporation (INT)

World Fuel Services Corporation (NYSE: INT) stock jumped 19.12% on Friday to $27.72 against a previous-day closing price of $23.27. With 1.08 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.57 million shares. During the session, the Oil & Gas Refining & Marketing company that operates in wider Energy sector, reached to the highest price of $27.98 whereas the lowest price it dropped to was $24.48. The 52-week range on INT shows that it touched its highest point at $35.91 and its lowest point at $19.29 during that stretch. It currently has a 1-year price target of $33.50. With its current market cap of 1.45 billion, INT has annualized dividend of $0.48 while the current yield stands at 1.73%. Beta for the stock currently stands at 1.19.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of INT was up-trending over the past week, with a rise of 25.89%, but this was up by 33.65% over a month. Three-month performance surged to 3.98% while six-month performance fell -0.04%. The stock lost -15.07% in the past year, while it has gained 4.72% so far this year. A look at the trailing 12-month EPS for INT yields 1.28 with Next year EPS estimates of 2.46. For the next quarter, that number is 0.64. This implies an EPS growth rate of -32.00% for this year and 21.43% for next year. EPS is expected to grow by 5.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -8.50%.

Float and Shares Shorts:

At present, 63.40 million INT shares are outstanding with a float of 60.92 million shares on hand for trading. On Jul 14, 2022, short shares totaled 1.79 million, which was 2.84% higher than short shares on Jun 14, 2022. In addition to Mr. Michael J. Kasbar as the firm’s Chairman, CEO & Pres, Mr. Ira M. Birns serves as its Exec. VP & CFO.

Institutional Ownership:

Through their ownership of 93.93% of INT’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 61.92% of INT, in contrast to 31.51% held by mutual funds. Shares owned by individuals account for 3.95%. As the largest shareholder in INT with 15.55% of the stake, BlackRock Fund Advisors holds 9,798,296 shares worth 9,798,296. A second-largest stockholder of INT, The Vanguard Group, Inc., holds 6,874,307 shares, controlling over 10.91% of the firm’s shares. Dimensional Fund Advisors LP is the third largest shareholder in INT, holding 4,287,644 shares or 6.80% stake. With a 7.09% stake in INT, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 4,466,022 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 2.79% of INT stock, is the second-largest Mutual Fund holder. It holds 1,759,361 shares valued at 36.0 million. SPDR S&P Oil & Gas Exploration & holds 2.45% of the stake in INT, owning 1,544,019 shares worth 31.59 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2022, INT reported revenue of $12.38B and operating income of $41.30M. Over the past year, revenue came in at $37.76B while operating income stood at $146.30M. It generated $26.30M net income for the quarter, which came to $81.10M over the last twelve months. The EBITDA in the recently reported quarter was $76.60M and diluted EPS was $0.41. EBITDA for the full year was $255.50M.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for INT since 2 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With INT analysts setting a high price target of $35.00 and a low target of $32.00, the average target price over the next 12 months is $33.50. Based on these targets, INT could surge 26.26% to reach the target high and rise by 15.44% to reach the target low. Reaching the average price target will result in a growth of 20.85% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. INT will report FY 2022 earnings on 02/23/2023. Analysts have provided yearly estimates in a range of $2.06 being high and $2.00 being low. For INT, this leads to a yearly average estimate of $2.03. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. World Fuel Services Corporation surprised analysts by $0.12 when it reported $0.41 EPS against a consensus estimate of $0.29. The surprise factor in the prior quarter was $0.13. Based on analyst estimates, the high estimate for the next quarter is $0.64 and the low estimate is $0.64. The average estimate for the next quarter is thus $0.64.



Summary of Insider Activity:

Insiders traded INT stock several times over the past three months with 9 Buys and 2 Sells. In these transactions, 71,882 shares were bought while 1,092 shares were sold. The number of buy transactions has increased to 21 while that of sell transactions has risen to 21 over the past year. The total number of shares bought during that period was 328,811 while 66,946 shares were sold.

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