World Acceptance Corp. (NASDAQ:WRLD) has earned an average recommendation of “Hold” from the six brokerages that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $76.00.
WRLD has been the topic of a number of research analyst reports. TheStreet downgraded World Acceptance from a “b” rating to a “c+” rating in a research report on Thursday, October 31st. ValuEngine upgraded World Acceptance from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. BidaskClub upgraded World Acceptance from a “strong sell” rating to a “sell” rating in a research report on Thursday. Finally, Janney Montgomery Scott upgraded World Acceptance from a “sell” rating to a “neutral” rating and set a $87.00 target price on the stock in a research report on Wednesday, December 18th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Financial Architects Inc acquired a new position in shares of World Acceptance in the third quarter worth $94,000. Bank of Montreal Can raised its holdings in shares of World Acceptance by 57.7% in the second quarter. Bank of Montreal Can now owns 1,514 shares of the credit services provider’s stock worth $248,000 after acquiring an additional 554 shares during the last quarter. Metropolitan Life Insurance Co NY raised its holdings in shares of World Acceptance by 16.5% in the third quarter. Metropolitan Life Insurance Co NY now owns 2,210 shares of the credit services provider’s stock worth $282,000 after acquiring an additional 313 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of World Acceptance by 26.5% in the second quarter. JPMorgan Chase & Co. now owns 2,581 shares of the credit services provider’s stock worth $423,000 after acquiring an additional 541 shares during the last quarter. Finally, APG Asset Management N.V. acquired a new position in shares of World Acceptance in the second quarter worth $504,000. 93.21% of the stock is owned by institutional investors.
WRLD traded up $1.39 during trading on Thursday, reaching $91.16. 900 shares of the stock were exchanged, compared to its average volume of 105,830. The business’s 50 day moving average price is $89.29 and its two-hundred day moving average price is $120.06. The company has a debt-to-equity ratio of 1.62, a current ratio of 19.33 and a quick ratio of 19.32. The company has a market capitalization of $702.87 million, a price-to-earnings ratio of 11.42 and a beta of 2.26. World Acceptance has a 1 year low of $84.56 and a 1 year high of $175.78.
World Acceptance (NASDAQ:WRLD) last posted its earnings results on Thursday, October 31st. The credit services provider reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $1.14 by ($0.63). The firm had revenue of $141.60 million for the quarter, compared to analysts’ expectations of $145.72 million. World Acceptance had a return on equity of 11.02% and a net margin of 9.92%. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.56 earnings per share. On average, analysts anticipate that World Acceptance will post 6 EPS for the current year.
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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