Analysts expect World Acceptance Corp. (NASDAQ:WRLD) to announce sales of $132.30 million for the current quarter, according to Zacks. Two analysts have provided estimates for World Acceptance’s earnings, with estimates ranging from $131.73 million to $132.87 million. World Acceptance reported sales of $128.91 million in the same quarter last year, which indicates a positive year-over-year growth rate of 2.6%. The company is scheduled to report its next quarterly earnings report on Thursday, August 2nd.
According to Zacks, analysts expect that World Acceptance will report full-year sales of $567.95 million for the current fiscal year, with estimates ranging from $565.02 million to $570.87 million. For the next financial year, analysts anticipate that the company will report sales of $588.04 million per share. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow World Acceptance.
World Acceptance (NASDAQ:WRLD) last released its earnings results on Thursday, May 10th. The credit services provider reported $3.70 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.94 by ($0.24). World Acceptance had a return on equity of 13.82% and a net margin of 9.78%. The business had revenue of $151.86 million for the quarter, compared to analysts’ expectations of $147.04 million. During the same period in the previous year, the company earned $3.64 EPS. World Acceptance’s quarterly revenue was up 5.0% compared to the same quarter last year.
A number of equities research analysts recently issued reports on WRLD shares. TheStreet raised shares of World Acceptance from a “c” rating to a “b-” rating in a report on Thursday, May 10th. BidaskClub raised shares of World Acceptance from a “hold” rating to a “buy” rating in a report on Wednesday, June 13th. ValuEngine lowered shares of World Acceptance from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 2nd. Zacks Investment Research lowered shares of World Acceptance from a “buy” rating to a “hold” rating in a report on Friday, March 30th. Finally, BMO Capital Markets upped their price objective on shares of World Acceptance to $87.00 and gave the company an “underperform” rating in a report on Friday, May 11th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. World Acceptance presently has an average rating of “Hold” and a consensus price target of $84.50.
Several institutional investors and hedge funds have recently made changes to their positions in WRLD. MetLife Investment Advisors LLC acquired a new position in World Acceptance in the fourth quarter valued at about $184,000. Victory Capital Management Inc. acquired a new position in World Acceptance in the first quarter valued at about $196,000. Burney Co. acquired a new position in World Acceptance in the first quarter valued at about $233,000. Municipal Employees Retirement System of Michigan lifted its position in World Acceptance by 75.0% in the fourth quarter. Municipal Employees Retirement System of Michigan now owns 3,920 shares of the credit services provider’s stock valued at $317,000 after buying an additional 1,680 shares during the last quarter. Finally, Cambria Investment Management L.P. acquired a new position in World Acceptance in the first quarter valued at about $345,000. 92.66% of the stock is owned by hedge funds and other institutional investors.
Shares of WRLD traded down $2.98 during mid-day trading on Thursday, reaching $111.01. The stock had a trading volume of 61,870 shares, compared to its average volume of 47,052. The company has a current ratio of 13.78, a quick ratio of 13.78 and a debt-to-equity ratio of 0.45. World Acceptance has a 52-week low of $71.02 and a 52-week high of $125.13. The firm has a market capitalization of $1.01 billion, a P/E ratio of 14.49 and a beta of 2.72.
About World Acceptance
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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