Equities research analysts expect World Acceptance Corp. (NASDAQ:WRLD) to report sales of $123.40 million for the current quarter, Zacks reports. Two analysts have made estimates for World Acceptance’s earnings, with estimates ranging from $123.06 million to $123.74 million. World Acceptance reported sales of $131.01 million during the same quarter last year, which would suggest a negative year over year growth rate of 5.8%. The firm is scheduled to report its next quarterly earnings report on Wednesday, November 7th.
On average, analysts expect that World Acceptance will report full year sales of $517.34 million for the current fiscal year, with estimates ranging from $514.28 million to $520.39 million. For the next financial year, analysts expect that the business will report sales of $544.07 million, with estimates ranging from $531.08 million to $557.06 million. Zacks’ sales averages are an average based on a survey of research analysts that follow World Acceptance.
World Acceptance (NASDAQ:WRLD) last posted its quarterly earnings results on Thursday, July 26th. The credit services provider reported $1.69 earnings per share for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.26). The business had revenue of $122.79 million for the quarter, compared to analyst estimates of $132.98 million. World Acceptance had a return on equity of 14.06% and a net margin of 3.52%. The business’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.48 earnings per share.
WRLD has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of World Acceptance from a “sell” rating to a “hold” rating in a research report on Thursday, August 30th. BidaskClub upgraded shares of World Acceptance from a “sell” rating to a “hold” rating in a research report on Thursday, August 9th. TheStreet lowered shares of World Acceptance from a “b-” rating to a “c” rating in a research report on Friday, July 27th. Finally, BMO Capital Markets lowered their price target on shares of World Acceptance from $82.00 to $79.00 and set an “underperform” rating on the stock in a research report on Monday, July 23rd. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $91.00.
WRLD traded up $0.04 on Wednesday, reaching $99.47. 67,477 shares of the company’s stock were exchanged, compared to its average volume of 76,225. The firm has a market capitalization of $1.05 billion, a PE ratio of 12.90 and a beta of 2.93. World Acceptance has a twelve month low of $71.02 and a twelve month high of $125.14. The company has a current ratio of 14.95, a quick ratio of 14.95 and a debt-to-equity ratio of 0.46.
Large investors have recently bought and sold shares of the business. Piedmont Investment Advisors LLC acquired a new position in World Acceptance in the 2nd quarter valued at about $158,000. Metropolitan Life Insurance Co. NY boosted its holdings in World Acceptance by 27.2% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 2,385 shares of the credit services provider’s stock valued at $265,000 after purchasing an additional 510 shares during the last quarter. MetLife Investment Advisors LLC boosted its holdings in World Acceptance by 25.0% in the 1st quarter. MetLife Investment Advisors LLC now owns 2,848 shares of the credit services provider’s stock valued at $300,000 after purchasing an additional 570 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in World Acceptance in the 2nd quarter valued at about $498,000. Finally, RBO & Co. LLC acquired a new position in World Acceptance in the 2nd quarter valued at about $500,000. Institutional investors own 94.03% of the company’s stock.
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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