Analysts expect World Acceptance Corp. (NASDAQ:WRLD) to post earnings of $1.41 per share for the current quarter, Zacks reports. Two analysts have issued estimates for World Acceptance’s earnings, with the highest EPS estimate coming in at $1.48 and the lowest estimate coming in at $1.34. World Acceptance posted earnings of $1.10 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 28.2%. The company is expected to announce its next earnings report on Wednesday, November 7th.
On average, analysts expect that World Acceptance will report full year earnings of $7.93 per share for the current fiscal year, with EPS estimates ranging from $7.28 to $8.58. For the next year, analysts forecast that the business will post earnings of $8.86 per share, with EPS estimates ranging from $7.80 to $10.15. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for World Acceptance.
World Acceptance (NASDAQ:WRLD) last released its quarterly earnings results on Thursday, July 26th. The credit services provider reported $1.69 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.95 by ($0.26). The company had revenue of $122.79 million during the quarter, compared to analysts’ expectations of $132.98 million. World Acceptance had a return on equity of 14.06% and a net margin of 3.52%. The company’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.48 EPS.
Several research analysts recently commented on the company. BidaskClub lowered World Acceptance from a “buy” rating to a “hold” rating in a research report on Saturday, June 30th. Zacks Investment Research upgraded World Acceptance from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 27th. BMO Capital Markets reiterated a “sell” rating and issued a $79.00 price target on shares of World Acceptance in a research report on Friday, July 27th. Finally, TheStreet upgraded World Acceptance from a “c” rating to a “b-” rating in a research report on Wednesday, August 15th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $83.25.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in WRLD. BlackRock Inc. boosted its position in shares of World Acceptance by 7.2% during the second quarter. BlackRock Inc. now owns 869,105 shares of the credit services provider’s stock valued at $96,480,000 after buying an additional 58,239 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of World Acceptance by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 645,269 shares of the credit services provider’s stock valued at $71,633,000 after buying an additional 1,712 shares during the period. Indus Capital Partners LLC boosted its position in shares of World Acceptance by 17.5% during the first quarter. Indus Capital Partners LLC now owns 248,331 shares of the credit services provider’s stock valued at $26,149,000 after buying an additional 37,016 shares during the period. Northern Trust Corp boosted its position in shares of World Acceptance by 6.9% during the second quarter. Northern Trust Corp now owns 157,229 shares of the credit services provider’s stock valued at $17,455,000 after buying an additional 10,211 shares during the period. Finally, Renaissance Technologies LLC boosted its position in shares of World Acceptance by 43.6% during the second quarter. Renaissance Technologies LLC now owns 143,525 shares of the credit services provider’s stock valued at $15,933,000 after buying an additional 43,600 shares during the period. Institutional investors own 94.03% of the company’s stock.
WRLD opened at $105.94 on Monday. The stock has a market capitalization of $1.05 billion, a P/E ratio of 13.74 and a beta of 2.93. World Acceptance has a 12 month low of $71.02 and a 12 month high of $125.14. The company has a quick ratio of 14.95, a current ratio of 14.95 and a debt-to-equity ratio of 0.46.
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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