Equities analysts expect that World Acceptance Corp. (NASDAQ:WRLD) will post earnings of $0.95 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for World Acceptance’s earnings, with the lowest EPS estimate coming in at $0.86 and the highest estimate coming in at $1.04. World Acceptance reported earnings of $1.10 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 13.6%. The firm is expected to report its next earnings results on Thursday, January 25th.
On average, analysts expect that World Acceptance will report full year earnings of $6.88 per share for the current fiscal year, with EPS estimates ranging from $6.11 to $7.30. For the next financial year, analysts expect that the company will post earnings of $7.70 per share, with EPS estimates ranging from $6.32 to $8.50. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow World Acceptance.
World Acceptance (NASDAQ:WRLD) last issued its quarterly earnings data on Wednesday, November 1st. The credit services provider reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.83). World Acceptance had a net margin of 12.02% and a return on equity of 13.90%. The company had revenue of $131.00 million for the quarter, compared to the consensus estimate of $130.20 million. During the same quarter last year, the business posted $0.18 earnings per share. World Acceptance’s revenue was up 1.3% on a year-over-year basis.
A number of equities research analysts have recently commented on the company. Zacks Investment Research cut World Acceptance from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 4th. Jefferies Group reiterated a “sell” rating and set a $60.00 target price on shares of World Acceptance in a research note on Thursday, October 12th. BidaskClub cut World Acceptance from a “hold” rating to a “sell” rating in a research note on Saturday, December 9th. Finally, Stephens reiterated a “sell” rating and set a $65.00 target price on shares of World Acceptance in a research note on Thursday. Four research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $62.33.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in WRLD. Tower Research Capital LLC TRC bought a new stake in World Acceptance in the 2nd quarter valued at about $117,000. Bank of Montreal Can raised its stake in World Acceptance by 110.3% in the 2nd quarter. Bank of Montreal Can now owns 1,836 shares of the credit services provider’s stock valued at $137,000 after acquiring an additional 963 shares during the period. Municipal Employees Retirement System of Michigan raised its stake in World Acceptance by 58.9% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 2,240 shares of the credit services provider’s stock valued at $186,000 after acquiring an additional 830 shares during the period. Barings LLC bought a new stake in World Acceptance in the 3rd quarter valued at about $207,000. Finally, C M Bidwell & Associates Ltd. bought a new stake in World Acceptance in the 2nd quarter valued at about $211,000. Institutional investors own 91.88% of the company’s stock.
Shares of World Acceptance (WRLD) traded down $2.23 during trading hours on Friday, reaching $85.62. The company’s stock had a trading volume of 63,913 shares, compared to its average volume of 59,668. The company has a current ratio of 16.43, a quick ratio of 16.43 and a debt-to-equity ratio of 0.65. World Acceptance has a fifty-two week low of $42.01 and a fifty-two week high of $88.54. The company has a market cap of $778.05, a PE ratio of 11.70 and a beta of 2.40.
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World Acceptance Company Profile
World Acceptance Corporation operates a small-loan consumer finance business in 15 states and Mexico as of March 31, 2016. The Company offers short-term small installment loans, medium-term larger installment loans, related credit insurance and ancillary products and services to individuals. The Company offers standardized installment loans generally between $300 and $4,000 through 1,339 branches in Alabama, Georgia, Idaho, Illinois, Indiana, Kentucky, Louisiana, Mississippi, Missouri, New Mexico, Oklahoma, South Carolina, Texas, Tennessee, Wisconsin and Mexico as of March 31, 2016.
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