World Acceptance Corp. (WRLD) Expected to Announce Earnings of $1.95 Per Share

Equities analysts expect World Acceptance Corp. (NASDAQ:WRLD) to report earnings of $1.95 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for World Acceptance’s earnings, with the highest EPS estimate coming in at $1.97 and the lowest estimate coming in at $1.93. World Acceptance reported earnings of $1.48 per share during the same quarter last year, which would indicate a positive year over year growth rate of 31.8%. The business is scheduled to issue its next quarterly earnings results on Thursday, August 2nd.

According to Zacks, analysts expect that World Acceptance will report full-year earnings of $9.23 per share for the current financial year, with EPS estimates ranging from $8.03 to $10.17. For the next year, analysts anticipate that the company will report earnings of $8.27 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that follow World Acceptance.

World Acceptance (NASDAQ:WRLD) last released its earnings results on Thursday, May 10th. The credit services provider reported $3.70 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.94 by ($0.24). The firm had revenue of $151.86 million during the quarter, compared to the consensus estimate of $147.04 million. World Acceptance had a return on equity of 13.82% and a net margin of 9.78%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.64 EPS.

WRLD has been the subject of a number of recent research reports. TheStreet upgraded World Acceptance from a “c” rating to a “b-” rating in a research report on Thursday, May 10th. BidaskClub upgraded World Acceptance from a “hold” rating to a “buy” rating in a research report on Wednesday. ValuEngine downgraded World Acceptance from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 2nd. Zacks Investment Research downgraded World Acceptance from a “buy” rating to a “hold” rating in a research report on Friday, March 30th. Finally, BMO Capital Markets boosted their price objective on World Acceptance to $87.00 and gave the company an “underperform” rating in a research report on Friday, May 11th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $84.50.

A number of hedge funds have recently made changes to their positions in WRLD. Wells Fargo & Company MN lifted its position in World Acceptance by 17.7% in the fourth quarter. Wells Fargo & Company MN now owns 7,812 shares of the credit services provider’s stock valued at $631,000 after purchasing an additional 1,174 shares during the last quarter. Arizona State Retirement System lifted its position in World Acceptance by 228.7% in the fourth quarter. Arizona State Retirement System now owns 9,898 shares of the credit services provider’s stock valued at $799,000 after purchasing an additional 6,887 shares during the last quarter. Rhumbline Advisers lifted its position in World Acceptance by 13.4% in the fourth quarter. Rhumbline Advisers now owns 14,271 shares of the credit services provider’s stock valued at $1,152,000 after purchasing an additional 1,684 shares during the last quarter. BlackRock Inc. lifted its position in World Acceptance by 2.8% in the fourth quarter. BlackRock Inc. now owns 791,193 shares of the credit services provider’s stock valued at $63,864,000 after purchasing an additional 21,186 shares during the last quarter. Finally, Weber Alan W lifted its position in World Acceptance by 7.7% in the fourth quarter. Weber Alan W now owns 28,069 shares of the credit services provider’s stock valued at $2,266,000 after purchasing an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors own 93.68% of the company’s stock.

NASDAQ:WRLD traded up $0.07 during mid-day trading on Friday, reaching $115.01. The stock had a trading volume of 33,700 shares, compared to its average volume of 89,018. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 15.08 and a beta of 2.72. World Acceptance has a one year low of $71.02 and a one year high of $121.17. The company has a debt-to-equity ratio of 0.45, a current ratio of 13.78 and a quick ratio of 20.24.

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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Earnings History and Estimates for World Acceptance (NASDAQ:WRLD)

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