ValuEngine upgraded shares of World Acceptance (NASDAQ:WRLD) from a buy rating to a strong-buy rating in a report released on Friday.
A number of other equities research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of World Acceptance from a hold rating to a strong sell rating in a report on Saturday, November 4th. Stephens reiterated a sell rating and set a $65.00 price objective on shares of World Acceptance in a report on Thursday, January 4th. BidaskClub upgraded shares of World Acceptance from a sell rating to a hold rating in a report on Thursday, January 4th. Jefferies Group reiterated a sell rating and set a $60.00 price objective on shares of World Acceptance in a report on Thursday, October 12th. Finally, BMO Capital Markets reiterated a sell rating and set a $80.00 price objective on shares of World Acceptance in a report 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 buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Hold and an average price target of $82.75.
Shares of World Acceptance (NASDAQ:WRLD) opened at $109.60 on Friday. World Acceptance has a twelve month low of $47.23 and a twelve month high of $121.17. The firm has a market cap of $993.53, a PE ratio of 17.10 and a beta of 2.80. The company has a current ratio of 1.96, a quick ratio of 16.43 and a debt-to-equity ratio of 0.65.
World Acceptance (NASDAQ:WRLD) last announced its quarterly earnings data on Friday, January 26th. The credit services provider reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.42. World Acceptance had a net margin of 10.42% and a return on equity of 13.95%. The company had revenue of $136.90 million during the quarter, compared to analyst estimates of $137.99 million. During the same quarter last year, the business posted $1.10 EPS. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. equities analysts forecast that World Acceptance will post 7.61 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Assenagon Asset Management S.A. purchased a new position in World Acceptance during the 4th quarter valued at about $1,190,000. Unison Advisors LLC purchased a new position in World Acceptance during the 4th quarter valued at about $401,000. Louisiana State Employees Retirement System purchased a new position in World Acceptance during the 4th quarter valued at about $202,000. Public Employees Retirement System of Ohio grew its position in shares of World Acceptance by 216.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 7,866 shares of the credit services provider’s stock worth $652,000 after buying an additional 5,383 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. grew its position in shares of World Acceptance by 21.4% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 63,562 shares of the credit services provider’s stock worth $5,268,000 after buying an additional 11,200 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.
World Acceptance Company Profile
World Acceptance Corporation operates a small-loan consumer finance business in 15 states and Mexico as of March 31, 2016. The Company offers short-term small installment loans, medium-term larger installment loans, related credit insurance and ancillary products and services to individuals. The Company offers standardized installment loans generally between $300 and $4,000 through 1,339 branches in Alabama, Georgia, Idaho, Illinois, Indiana, Kentucky, Louisiana, Mississippi, Missouri, New Mexico, Oklahoma, South Carolina, Texas, Tennessee, Wisconsin and Mexico as of March 31, 2016.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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