Wall Street analysts expect World Acceptance Corp. (NASDAQ:WRLD) to post $1.25 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for World Acceptance’s earnings, with the lowest EPS estimate coming in at $1.16 and the highest estimate coming in at $1.33. World Acceptance reported earnings of $1.37 per share during the same quarter last year, which would indicate a negative year over year growth rate of 8.8%. The business is expected to issue its next earnings report on Friday, January 25th.
According to Zacks, analysts expect that World Acceptance will report full year earnings of $8.38 per share for the current financial year, with EPS estimates ranging from $8.15 to $8.60. For the next fiscal year, analysts expect that the firm will report earnings of $8.99 per share, with EPS estimates ranging from $8.10 to $10.22. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for World Acceptance.
World Acceptance (NASDAQ:WRLD) last released its quarterly earnings results on Thursday, November 1st. The credit services provider reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.10. World Acceptance had a net margin of 4.43% and a return on equity of 14.37%. The company had revenue of $127.10 million for the quarter, compared to analyst estimates of $123.30 million. During the same period last year, the firm earned $1.10 earnings per share. The firm’s revenue was up 6.9% on a year-over-year basis.
A number of research firms recently issued reports on WRLD. TheStreet upgraded shares of World Acceptance from a “c” rating to a “b-” rating in a report on Wednesday, August 15th. BidaskClub upgraded shares of World Acceptance from a “sell” rating to a “hold” rating in a report on Tuesday, July 24th. BMO Capital Markets raised their price objective on shares of World Acceptance from $79.00 to $82.00 and gave the stock an “underperform” rating in a report on Monday. Finally, Zacks Investment Research upgraded shares of World Acceptance from a “sell” rating to a “hold” rating in a report on Thursday, August 30th. Three equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $89.67.
Several institutional investors and hedge funds have recently bought and sold shares of the company. WINTON GROUP Ltd increased its stake in shares of World Acceptance by 26.4% in the third quarter. WINTON GROUP Ltd now owns 2,850 shares of the credit services provider’s stock worth $326,000 after purchasing an additional 596 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of World Acceptance by 7.3% in the third quarter. Wells Fargo & Company MN now owns 8,881 shares of the credit services provider’s stock valued at $1,016,000 after acquiring an additional 608 shares during the period. First Trust Advisors LP boosted its position in shares of World Acceptance by 22.7% in the third quarter. First Trust Advisors LP now owns 25,332 shares of the credit services provider’s stock valued at $2,897,000 after acquiring an additional 4,691 shares during the period. Northern Trust Corp boosted its position in shares of World Acceptance by 6.9% in the second quarter. Northern Trust Corp now owns 157,229 shares of the credit services provider’s stock valued at $17,455,000 after acquiring an additional 10,211 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its position in shares of World Acceptance by 219.4% in the second quarter. Public Employees Retirement System of Ohio now owns 6,106 shares of the credit services provider’s stock valued at $678,000 after acquiring an additional 4,194 shares during the period. Hedge funds and other institutional investors own 93.98% of the company’s stock.
Shares of WRLD traded up $0.11 during trading hours on Thursday, reaching $107.02. 1,181 shares of the stock traded hands, compared to its average volume of 50,695. The company has a debt-to-equity ratio of 0.41, a current ratio of 17.26 and a quick ratio of 14.95. World Acceptance has a 52 week low of $71.02 and a 52 week high of $125.14. The firm has a market capitalization of $993.27 million, a P/E ratio of 13.87 and a beta of 2.74.
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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