Equities research analysts expect that World Acceptance Co. (NASDAQ:WRLD) will report earnings of $3.81 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for World Acceptance’s earnings, with the lowest EPS estimate coming in at $3.47 and the highest estimate coming in at $4.15. World Acceptance reported earnings of $3.64 per share during the same quarter last year, which would indicate a positive year over year growth rate of 4.7%. The business is expected to report its next quarterly earnings results on Tuesday, May 8th.
On average, analysts expect that World Acceptance will report full year earnings of $6.93 per share for the current fiscal year. For the next year, analysts anticipate that the business will report earnings of $9.55 per share, with EPS estimates ranging from $8.46 to $10.66. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover World Acceptance.
World Acceptance (NASDAQ:WRLD) last posted its earnings results on Friday, January 26th. The credit services provider reported $1.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.42. The firm had revenue of $136.90 million during the quarter, compared to the consensus estimate of $137.99 million. World Acceptance had a net margin of 10.42% and a return on equity of 13.95%. The company’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.10 EPS.
A number of analysts recently issued reports on the stock. BMO Capital Markets reissued a “sell” rating and set a $80.00 target price on shares of World Acceptance in a research report on Monday, January 29th. They noted that the move was a valuation call. Zacks Investment Research raised shares of World Acceptance from a “hold” rating to a “buy” rating and set a $126.00 price objective for the company in a research report on Saturday, February 3rd. ValuEngine raised shares of World Acceptance from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. BidaskClub raised shares of World Acceptance from a “hold” rating to a “buy” rating in a research report on Wednesday, January 31st. Finally, Stephens reaffirmed a “sell” rating and issued 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, one has assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $82.75.
Large investors have recently modified their holdings of the business. Municipal Employees Retirement System of Michigan grew its position in World Acceptance by 58.9% in 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 acquiring an additional 830 shares in the last quarter. MetLife Investment Advisors LLC acquired a new stake in World Acceptance in the fourth quarter valued at approximately $184,000. Louisiana State Employees Retirement System acquired a new stake in World Acceptance in the fourth quarter valued at approximately $202,000. Barings LLC acquired a new stake in World Acceptance in the third quarter valued at approximately $207,000. Finally, Teachers Retirement System of The State of Kentucky grew its position in World Acceptance by 130.8% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 3,000 shares of the credit services provider’s stock valued at $249,000 after acquiring an additional 1,700 shares in the last quarter. 96.78% of the stock is owned by institutional investors.
WRLD traded down $0.04 on Friday, reaching $104.81. 67,074 shares of the company’s stock were exchanged, compared to its average volume of 67,328. The company has a market cap of $951.80, a PE ratio of 13.81 and a beta of 2.72. World Acceptance has a twelve month low of $49.39 and a twelve month high of $121.17. The company has a debt-to-equity ratio of 0.77, a quick ratio of 20.24 and a current ratio of 20.25.
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World Acceptance Company Profile
World Acceptance Corporation engages in small-loan consumer finance business. The company offers short-term small and medium-term larger installment loans, as well as related credit insurance and ancillary products and services to individuals. It also provides automobile club memberships to its borrowers; and income tax return preparation and electronic filing services.
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