Shares of World Acceptance Corp. (NASDAQ:WRLD) have earned a consensus rating of “Hold” from the seven research firms that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $82.75.
Several analysts have weighed in on WRLD shares. Zacks Investment Research cut World Acceptance from a “hold” rating to a “strong sell” rating in a report on Saturday, November 4th. Stephens reaffirmed a “sell” rating and issued a $65.00 price target on shares of World Acceptance in a report on Thursday, January 4th. BidaskClub raised World Acceptance from a “sell” rating to a “hold” rating in a report on Thursday, January 4th. BMO Capital Markets reaffirmed a “sell” rating and issued a $80.00 price target on shares of World Acceptance in a report on Monday, January 29th. They noted that the move was a valuation call. Finally, ValuEngine raised World Acceptance from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd.
World Acceptance (NASDAQ WRLD) traded up $0.44 during trading hours on Friday, hitting $110.56. The company’s stock had a trading volume of 211,052 shares, compared to its average volume of 143,358. World Acceptance has a 1 year low of $47.45 and a 1 year high of $121.17. The stock has a market cap of $972.87, a PE ratio of 14.11 and a beta of 2.80. The company has a current ratio of 20.25, a quick ratio of 20.24 and a debt-to-equity ratio of 0.77.
World Acceptance (NASDAQ:WRLD) last released its quarterly earnings results on Friday, January 26th. The credit services provider reported $1.37 earnings per share for the quarter, beating the 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 analysts’ expectations of $137.99 million. During the same quarter last year, the firm posted $1.10 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. equities analysts expect that World Acceptance will post 7.61 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in WRLD. CAS Investment Partners LLC purchased a new position in shares of World Acceptance during the 4th quarter valued at about $48,657,000. Koch Industries Inc. purchased a new position in shares of World Acceptance during the 2nd quarter valued at about $265,000. Dimensional Fund Advisors LP raised its holdings in shares of World Acceptance by 28.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 521,631 shares of the credit services provider’s stock valued at $39,075,000 after buying an additional 116,986 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of World Acceptance by 335.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 77,584 shares of the credit services provider’s stock valued at $6,434,000 after buying an additional 59,755 shares in the last quarter. Finally, AXA purchased a new position in shares of World Acceptance during the 4th quarter valued at about $2,863,000. 88.87% of the stock is currently owned by institutional investors.
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About World Acceptance
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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