World Acceptance Corp. (NASDAQ:WRLD) – Equities research analysts at Jefferies Financial Group reduced their Q1 2020 earnings per share (EPS) estimates for World Acceptance in a research note issued to investors on Thursday, January 31st, Zacks Investment Research reports. Jefferies Financial Group analyst J. Hecht now anticipates that the credit services provider will earn $1.56 per share for the quarter, down from their previous forecast of $1.67. Jefferies Financial Group also issued estimates for World Acceptance’s Q4 2020 earnings at $3.64 EPS.
World Acceptance (NASDAQ:WRLD) last issued its quarterly earnings data on Thursday, January 31st. The credit services provider reported $0.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.25 by ($0.58). The company had revenue of $137.64 million for the quarter, compared to the consensus estimate of $130.16 million. World Acceptance had a return on equity of 12.73% and a net margin of 5.27%.
WRLD has been the topic of several other reports. Zacks Investment Research raised World Acceptance from a “hold” rating to a “buy” rating and set a $122.00 price objective on the stock in a report on Tuesday, November 6th. ValuEngine raised shares of World Acceptance from a “hold” rating to a “buy” rating in a report on Sunday. BidaskClub upgraded shares of World Acceptance from a “sell” rating to a “hold” rating in a report on Thursday, November 22nd. Finally, BMO Capital Markets cut their target price on shares of World Acceptance to $66.00 and set an “underperform” rating for the company in a research report on Friday, February 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $94.00.
WRLD opened at $108.11 on Monday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 17.26 and a current ratio of 18.51. World Acceptance has a fifty-two week low of $89.78 and a fifty-two week high of $125.14. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 14.02 and a beta of 2.44.
A number of large investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue raised its holdings in World Acceptance by 12.3% during the 4th quarter. State of Alaska Department of Revenue now owns 2,238 shares of the credit services provider’s stock valued at $228,000 after buying an additional 245 shares during the period. Comerica Bank raised its holdings in World Acceptance by 7.9% during the 4th quarter. Comerica Bank now owns 6,480 shares of the credit services provider’s stock valued at $710,000 after buying an additional 477 shares during the period. WINTON GROUP Ltd raised its holdings in World Acceptance by 17.0% during the 4th quarter. WINTON GROUP Ltd now owns 3,335 shares of the credit services provider’s stock valued at $341,000 after buying an additional 485 shares during the period. Wells Fargo & Company MN raised its holdings in World Acceptance by 7.3% during the 3rd quarter. Wells Fargo & Company MN now owns 8,881 shares of the credit services provider’s stock valued at $1,016,000 after buying an additional 608 shares during the period. Finally, Teachers Advisors LLC raised its holdings in World Acceptance by 5.6% during the 3rd quarter. Teachers Advisors LLC now owns 12,002 shares of the credit services provider’s stock valued at $1,373,000 after buying an additional 641 shares during the period. Institutional investors own 84.99% 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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