Equities analysts expect that World Acceptance Corporation (NASDAQ:WRLD) will post $135.76 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for World Acceptance Corporation’s earnings. The highest sales estimate is $136.00 million and the lowest is $135.51 million. World Acceptance Corporation reported sales of $130.82 million during the same quarter last year, which indicates a positive year-over-year growth rate of 3.8%. The firm is expected to issue its next earnings report on Thursday, January 25th.
According to Zacks, analysts expect that World Acceptance Corporation will report full year sales of $135.76 million for the current year, with estimates ranging from $536.62 million to $545.00 million. For the next fiscal year, analysts expect that the company will post sales of $563.01 million per share, with estimates ranging from $554.02 million to $572.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for World Acceptance Corporation.
World Acceptance Corporation (NASDAQ:WRLD) last released its quarterly earnings data on Wednesday, November 1st. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.83). World Acceptance Corporation had a net margin of 12.02% and a return on equity of 13.90%. The company had revenue of $131.00 million during the quarter, compared to analyst estimates of $130.20 million. During the same quarter in the prior year, the company earned $0.18 EPS. The business’s revenue was up 1.3% on a year-over-year basis.
WRLD has been the subject of a number of recent analyst reports. BidaskClub downgraded shares of World Acceptance Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. ValuEngine upgraded shares of World Acceptance Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Zacks Investment Research downgraded shares of World Acceptance Corporation from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Finally, Jefferies Group LLC restated a “sell” rating and issued a $60.00 price objective on shares of World Acceptance Corporation in a research report on Thursday, October 12th. Four research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a strong buy rating to the stock. World Acceptance Corporation has a consensus rating of “Hold” and an average target price of $59.00.
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Shares of World Acceptance Corporation (NASDAQ:WRLD) traded up $0.43 on Friday, hitting $77.09. 82,850 shares of the stock traded hands, compared to its average volume of 125,338. World Acceptance Corporation has a twelve month low of $42.01 and a twelve month high of $88.26. The firm has a market capitalization of $641.66, a P/E ratio of 9.90 and a beta of 2.43. The company has a quick ratio of 16.43, a current ratio of 16.43 and a debt-to-equity ratio of 0.65.
Hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC acquired a new position in shares of World Acceptance Corporation in the 2nd quarter valued at $117,000. Bank of Montreal Can increased its stake in World Acceptance Corporation by 110.3% during the 2nd quarter. Bank of Montreal Can now owns 1,836 shares of the credit services provider’s stock worth $137,000 after buying an additional 963 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in World Acceptance Corporation by 58.9% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 2,240 shares of the credit services provider’s stock worth $186,000 after buying an additional 830 shares during the period. Barings LLC purchased a new stake in World Acceptance Corporation during the 3rd quarter worth $207,000. Finally, C M Bidwell & Associates Ltd. bought a new stake in shares of World Acceptance Corporation in the 2nd quarter worth about $211,000. 91.75% of the stock is owned by hedge funds and other institutional investors.
World Acceptance Corporation 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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