Wall Street brokerages expect that World Acceptance Corp. (NASDAQ:WRLD) will announce sales of $146.98 million for the current quarter, according to Zacks. Two analysts have provided estimates for World Acceptance’s earnings. The highest sales estimate is $150.01 million and the lowest is $143.94 million. World Acceptance reported sales of $144.57 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 1.7%. The company is scheduled to issue its next quarterly earnings results on Tuesday, May 8th.
According to Zacks, analysts expect that World Acceptance will report full-year sales of $146.98 million for the current fiscal year, with estimates ranging from $540.79 million to $546.86 million. For the next year, analysts expect that the company will report sales of $571.33 million per share, with estimates ranging from $563.96 million to $578.70 million. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for World Acceptance.
World Acceptance (NASDAQ:WRLD) last announced its quarterly earnings data on Friday, January 26th. The credit services provider reported $1.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.42. World Acceptance had a return on equity of 13.95% and a net margin of 10.42%. The firm had revenue of $136.90 million for the quarter, compared to the consensus estimate of $137.99 million. During the same quarter last year, the business posted $1.10 earnings per share. The firm’s revenue was up 4.7% compared to the same quarter last year.
A number of brokerages recently commented on WRLD. Zacks Investment Research upgraded World Acceptance from a “hold” rating to a “buy” rating and set a $126.00 price objective on the stock in a research report on Saturday, February 3rd. ValuEngine upgraded World Acceptance from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. BMO Capital Markets reiterated a “sell” rating and set a $80.00 price objective on shares of World Acceptance in a research report on Monday, January 29th. They noted that the move was a valuation call. BidaskClub downgraded World Acceptance from a “hold” rating to a “sell” rating in a research report on Saturday, December 9th. Finally, Stephens reiterated a “sell” rating and set a $65.00 price objective on shares of World Acceptance in a research report on Thursday, January 4th. Three investment analysts have rated the stock with a sell rating, two have issued a buy rating and one has issued a strong buy rating to the stock. World Acceptance presently has a consensus rating of “Hold” and a consensus price target of $82.75.
Large investors have recently bought and sold shares of the business. State Street Corp raised its position in World Acceptance by 1.9% in the second quarter. State Street Corp now owns 159,875 shares of the credit services provider’s stock valued at $11,968,000 after purchasing an additional 2,979 shares during the period. USA Financial Portformulas Corp purchased a new stake in World Acceptance in the second quarter valued at $469,000. Koch Industries Inc. purchased a new stake in World Acceptance in the second quarter valued at $265,000. Prudential Financial Inc. raised its position in World Acceptance by 2.2% in the third quarter. Prudential Financial Inc. now owns 63,962 shares of the credit services provider’s stock valued at $5,302,000 after purchasing an additional 1,370 shares during the period. Finally, Allianz Asset Management GmbH raised its position in World Acceptance by 7.9% in the third quarter. Allianz Asset Management GmbH now owns 26,623 shares of the credit services provider’s stock valued at $2,206,000 after purchasing an additional 1,940 shares during the period. Institutional investors own 91.77% of the company’s stock.
World Acceptance (WRLD) opened at $104.63 on Friday. World Acceptance has a 1 year low of $47.45 and a 1 year high of $121.17. The company has a market capitalization of $956.98, a P/E ratio of 16.32 and a beta of 2.80. The company has a debt-to-equity ratio of 0.77, a quick ratio of 16.43 and a current ratio of 20.25.
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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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