World Acceptance Corp. (WRLD) Expected to Post Q1 2020 Earnings of $1.56 Per Share

World Acceptance Corp. (NASDAQ:WRLD) – Investment analysts at Jefferies Financial Group reduced their Q1 2020 earnings estimates for World Acceptance in a research report issued to clients and investors on Thursday, January 31st, according to Zacks Investment Research. Jefferies Financial Group analyst J. Hecht now forecasts 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 posted its quarterly earnings data on Thursday, January 31st. The credit services provider reported $0.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.25 by ($0.58). The firm had revenue of $137.64 million for the quarter, compared to analyst estimates of $130.16 million. World Acceptance had a return on equity of 12.73% and a net margin of 5.27%.

A number of other brokerages have also weighed in on WRLD. BidaskClub raised shares of World Acceptance from a “hold” rating to a “buy” rating in a report on Wednesday, February 20th. Zacks Investment Research raised shares of World Acceptance from a “sell” rating to a “hold” rating in a report on Saturday, January 12th. BMO Capital Markets raised their price target on shares of World Acceptance from $79.00 to $82.00 and gave the company an “underperform” rating in a report on Monday, November 5th. Finally, ValuEngine raised shares of World Acceptance from a “hold” rating to a “buy” rating in a report on Sunday, February 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $94.00.

Shares of World Acceptance stock traded up $0.68 during midday trading on Monday, reaching $119.63. The company had a trading volume of 63,337 shares, compared to its average volume of 87,009. The company has a debt-to-equity ratio of 0.54, a current ratio of 18.51 and a quick ratio of 18.52. The firm has a market cap of $1.15 billion, a P/E ratio of 15.52 and a beta of 2.44. World Acceptance has a 1-year low of $89.78 and a 1-year high of $125.14.

A number of hedge funds have recently made changes to their positions in WRLD. Public Employees Retirement System of Ohio boosted its stake in World Acceptance by 219.4% in the second quarter. Public Employees Retirement System of Ohio now owns 6,106 shares of the credit services provider’s stock valued at $678,000 after acquiring an additional 4,194 shares during the last quarter. Northern Trust Corp boosted its stake in World Acceptance by 6.9% in the second quarter. Northern Trust Corp now owns 157,229 shares of the credit services provider’s stock valued at $17,455,000 after acquiring an additional 10,211 shares during the last quarter. First Trust Advisors LP boosted its stake in World Acceptance by 22.7% in the third quarter. First Trust Advisors LP now owns 25,332 shares of the credit services provider’s stock valued at $2,897,000 after acquiring an additional 4,691 shares during the last quarter. Wells Fargo & Company MN boosted its stake in World Acceptance by 7.3% in the third quarter. Wells Fargo & Company MN now owns 8,881 shares of the credit services provider’s stock valued at $1,016,000 after acquiring an additional 608 shares during the last quarter. Finally, WINTON GROUP Ltd boosted its stake in World Acceptance by 26.4% in the third quarter. WINTON GROUP Ltd now owns 2,850 shares of the credit services provider’s stock valued at $326,000 after acquiring an additional 596 shares during the last quarter. 86.55% of the stock is currently owned by hedge funds and other institutional investors.

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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