Stephens reaffirmed their sell rating on shares of World Acceptance (NASDAQ:WRLD) in a research report report published on Thursday morning. They currently have a $65.00 target price on the credit services provider’s stock.
WRLD has been the subject of a number of other research reports. Zacks Investment Research lowered shares of World Acceptance from a hold rating to a strong sell rating in a research report on Saturday, November 4th. BidaskClub raised shares of World Acceptance from a sell rating to a hold rating in a research report on Thursday. Finally, Jefferies Group reaffirmed a sell rating and set a $60.00 price objective on shares of World Acceptance in a research report on Thursday, October 12th. Four investment analysts have rated the stock with a sell rating, one has given a hold rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $62.33.
World Acceptance (NASDAQ WRLD) traded down $2.23 during trading on Thursday, reaching $85.62. 64,100 shares of the company’s stock were exchanged, compared to its average volume of 69,550. The firm has a market cap of $758.30, a price-to-earnings ratio of 11.70 and a beta of 2.40. The company has a debt-to-equity ratio of 0.65, a quick ratio of 16.43 and a current ratio of 16.43. World Acceptance has a 52-week low of $42.01 and a 52-week high of $88.54.
World Acceptance (NASDAQ:WRLD) last released its earnings results on Wednesday, November 1st. The credit services provider reported $1.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.93 by ($0.83). The firm had revenue of $131.00 million for the quarter, compared to analyst estimates of $130.20 million. World Acceptance had a return on equity of 13.90% and a net margin of 12.02%. The firm’s revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.18 EPS. analysts forecast that World Acceptance will post 6.88 earnings per share for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in WRLD. Tower Research Capital LLC TRC acquired a new position in shares of World Acceptance during the second quarter valued at about $117,000. Bank of Montreal Can raised its position in shares of World Acceptance by 110.3% during the second quarter. Bank of Montreal Can now owns 1,836 shares of the credit services provider’s stock valued at $137,000 after buying an additional 963 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of World Acceptance by 58.9% during the third quarter. Municipal Employees Retirement System of Michigan now owns 2,240 shares of the credit services provider’s stock valued at $186,000 after buying an additional 830 shares during the last quarter. Barings LLC acquired a new position in shares of World Acceptance during the third quarter valued at about $207,000. Finally, C M Bidwell & Associates Ltd. bought a new stake in World Acceptance in the second quarter valued at about $211,000. 91.88% of the stock is owned by institutional investors and hedge funds.
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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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