Wall Street analysts expect World Acceptance Co. (NASDAQ:WRLD) to post $146.98 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for World Acceptance’s earnings, with the highest sales estimate coming in at $150.01 million and the lowest estimate coming in at $143.94 million. World Acceptance reported sales of $144.57 million in the same quarter last year, which indicates a positive year over year growth rate of 1.7%. The firm is scheduled to announce its next earnings report on Tuesday, May 8th.
On average, analysts expect that World Acceptance will report full year sales of $146.98 million for the current year, with estimates ranging from $540.79 million to $546.86 million. For the next year, analysts expect that the business will report sales of $571.33 million per share, with estimates ranging from $563.96 million to $578.70 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover World Acceptance.
World Acceptance (NASDAQ:WRLD) last issued its quarterly earnings data on Friday, January 26th. The credit services provider reported $1.37 earnings per share for the quarter, beating 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 company had revenue of $136.90 million during the quarter, compared to analysts’ expectations of $137.99 million. During the same quarter in the previous year, the business earned $1.10 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis.
Several equities research analysts have recently commented on the company. ValuEngine upgraded World Acceptance from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. BMO Capital Markets restated a “sell” rating and set a $80.00 price target on shares of World Acceptance in a research note on Monday, January 29th. They noted that the move was a valuation call. BidaskClub upgraded World Acceptance from a “hold” rating to a “buy” rating in a research note on Wednesday, January 31st. Zacks Investment Research upgraded World Acceptance from a “hold” rating to a “buy” rating and set a $126.00 price target for the company in a research note on Saturday, February 3rd. Finally, Stephens restated a “sell” rating and set a $65.00 price target on shares of World Acceptance in a research note on Thursday, January 4th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $82.75.
Hedge funds have recently made changes to their positions in the stock. Weber Alan W grew its holdings in World Acceptance by 7.7% during the fourth quarter. Weber Alan W now owns 28,069 shares of the credit services provider’s stock worth $2,266,000 after acquiring an additional 2,000 shares during the period. Allianz Asset Management GmbH grew its holdings in World Acceptance by 7.9% during the third quarter. Allianz Asset Management GmbH now owns 26,623 shares of the credit services provider’s stock worth $2,206,000 after acquiring an additional 1,940 shares during the period. CAS Investment Partners LLC acquired a new position in World Acceptance during the fourth quarter worth $48,657,000. OxFORD Asset Management LLP acquired a new position in World Acceptance during the third quarter worth $1,483,000. Finally, Wells Fargo & Company MN grew its holdings in World Acceptance by 39.1% during the third quarter. Wells Fargo & Company MN now owns 6,638 shares of the credit services provider’s stock worth $550,000 after acquiring an additional 1,865 shares during the period. 96.78% of the stock is currently owned by hedge funds and other institutional investors.
Shares of World Acceptance stock traded up $1.36 during trading hours on Tuesday, hitting $103.50. 48,218 shares of the company were exchanged, compared to its average volume of 106,612. World Acceptance has a 1 year low of $50.26 and a 1 year high of $121.17. The company has a debt-to-equity ratio of 0.77, a current ratio of 20.25 and a quick ratio of 20.24. The stock has a market capitalization of $951.80, a PE ratio of 12.35 and a beta of 2.71.
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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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