World Acceptance (NASDAQ:WRLD) Issues Earnings Results, Beats Estimates By $0.43 EPS

World Acceptance (NASDAQ:WRLD) announced its quarterly earnings results on Tuesday. The credit services provider reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.43, MarketWatch Earnings reports. World Acceptance had a return on equity of 23.20% and a net margin of 16.80%.

World Acceptance stock traded up $0.15 during mid-day trading on Thursday, hitting $181.23. The company’s stock had a trading volume of 110 shares, compared to its average volume of 24,753. The company has a 50 day simple moving average of $160.62. The company has a market capitalization of $1.23 billion, a PE ratio of 13.50 and a beta of 1.59. The company has a current ratio of 14.24, a quick ratio of 14.24 and a debt-to-equity ratio of 1.00. World Acceptance has a one year low of $63.64 and a one year high of $181.18.

In other World Acceptance news, SVP Jason E. Childers sold 1,000 shares of the company’s stock in a transaction on Thursday, June 17th. The stock was sold at an average price of $166.04, for a total value of $166,040.00. Following the completion of the sale, the senior vice president now directly owns 14,049 shares in the company, valued at approximately $2,332,695.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Darrell E. Whitaker sold 1,592 shares of the company’s stock in a transaction on Friday, June 25th. The stock was sold at an average price of $175.00, for a total value of $278,600.00. Following the sale, the director now owns 8,924 shares of the company’s stock, valued at $1,561,700. The disclosure for this sale can be found here. Insiders sold a total of 4,292 shares of company stock worth $742,140 in the last ninety days. 39.00% of the stock is currently owned by corporate insiders.

WRLD has been the subject of several analyst reports. Zacks Investment Research lowered World Acceptance from a “hold” rating to a “sell” rating in a research note on Friday, July 9th. Jefferies Financial Group reaffirmed a “sell” rating and issued a $57.00 price objective on shares of World Acceptance in a research note on Tuesday, April 13th. Finally, Stephens raised World Acceptance from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $112.00 to $140.00 in a research note on Thursday.

World Acceptance Company Profile

World Acceptance Corporation, together with its subsidiaries, engages in small-loan consumer finance business. The company offers short-term small installment loans, medium-term larger installment loans, 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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Earnings History for World Acceptance (NASDAQ:WRLD)

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