Wall Street brokerages forecast that World Acceptance Corp. (NASDAQ:WRLD) will post sales of $132.30 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for World Acceptance’s earnings. The highest sales estimate is $132.87 million and the lowest is $131.73 million. World Acceptance posted sales of $128.91 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.6%. The firm is scheduled to announce its next earnings results on Thursday, August 2nd.
According to Zacks, analysts expect that World Acceptance will report full year sales of $567.95 million for the current financial year, with estimates ranging from $565.02 million to $570.87 million. For the next fiscal year, analysts anticipate that the company will post sales of $588.04 million per share. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover World Acceptance.
Get World Acceptance alerts:World Acceptance (NASDAQ:WRLD) last announced its quarterly earnings data on Thursday, May 10th. The credit services provider reported $3.70 EPS for the quarter, missing analysts’ consensus estimates of $3.94 by ($0.24). World Acceptance had a return on equity of 13.82% and a net margin of 9.78%. The company had revenue of $151.86 million for the quarter, compared to analyst estimates of $147.04 million. During the same period last year, the firm earned $3.64 earnings per share. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis.
A number of research analysts have issued reports on WRLD shares. TheStreet raised World Acceptance from a “c” rating to a “b-” rating in a research note on Thursday, May 10th. Zacks Investment Research raised World Acceptance from a “hold” rating to a “buy” rating and set a $126.00 target price for the company in a research note on Saturday, February 3rd. BidaskClub raised World Acceptance from a “hold” rating to a “buy” rating in a research note on Wednesday, January 31st. ValuEngine cut World Acceptance from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 2nd. Finally, BMO Capital Markets reissued a “sell” rating and issued a $80.00 target price on shares of World Acceptance in a research note on Monday, January 29th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. World Acceptance has an average rating of “Hold” and an average price target of $84.50.
Shares of World Acceptance traded up $0.35, reaching $107.87, during trading on Thursday, Marketbeat.com reports. 33,165 shares of the company were exchanged, compared to its average volume of 78,365. World Acceptance has a twelve month low of $71.02 and a twelve month high of $121.17. The company has a quick ratio of 20.24, a current ratio of 13.78 and a debt-to-equity ratio of 0.45. The stock has a market cap of $979.59 million, a PE ratio of 14.08 and a beta of 2.72.
A number of large investors have recently bought and sold shares of the business. Principal Financial Group Inc. grew its stake in World Acceptance by 4.8% in the first quarter. Principal Financial Group Inc. now owns 46,784 shares of the credit services provider’s stock valued at $4,926,000 after acquiring an additional 2,159 shares during the period. WINTON GROUP Ltd acquired a new position in World Acceptance in the first quarter valued at about $5,827,000. Legal & General Group Plc boosted its position in shares of World Acceptance by 5.0% during the first quarter. Legal & General Group Plc now owns 11,336 shares of the credit services provider’s stock worth $1,182,000 after buying an additional 544 shares during the period. Element Capital Management LLC acquired a new position in shares of World Acceptance during the first quarter worth about $521,000. Finally, Barclays PLC boosted its position in shares of World Acceptance by 26.8% during the first quarter. Barclays PLC now owns 6,833 shares of the credit services provider’s stock worth $720,000 after buying an additional 1,443 shares during the period. 93.06% of the stock is owned by hedge funds and other institutional investors.
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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