Equities research analysts expect World Acceptance Corp. (NASDAQ:WRLD) to report earnings per share (EPS) of $3.57 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for World Acceptance’s earnings. The highest EPS estimate is $3.80 and the lowest is $3.33. World Acceptance reported earnings of $3.18 per share during the same quarter last year, which would indicate a positive year over year growth rate of 12.3%. The company is scheduled to report its next earnings results on Thursday, May 9th.
According to Zacks, analysts expect that World Acceptance will report full-year earnings of $3.71 per share for the current fiscal year. For the next year, analysts anticipate that the firm will post earnings of $7.88 per share, with EPS estimates ranging from $7.46 to $8.38. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for World Acceptance.
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 Zacks’ consensus estimate of $1.25 by ($0.58). The company 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 equities research analysts have recently commented on WRLD shares. BidaskClub upgraded shares of World Acceptance from a “sell” rating to a “hold” rating in a research report on Thursday, November 22nd. Zacks Investment Research cut shares of World Acceptance from a “buy” rating to a “hold” rating in a research report on Friday, December 7th. BMO Capital Markets reduced 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. Finally, ValuEngine cut shares of World Acceptance from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. Three investment analysts have rated the stock with a sell rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $94.00.
Institutional investors have recently added to or reduced their stakes in the stock. Quantamental Technologies LLC acquired a new stake in World Acceptance during the fourth quarter worth about $102,000. Neuburgh Advisers LLC increased its position in World Acceptance by 24.3% during the fourth quarter. Neuburgh Advisers LLC now owns 1,012 shares of the credit services provider’s stock worth $103,000 after purchasing an additional 198 shares during the last quarter. Riverhead Capital Management LLC increased its position in World Acceptance by 160.0% during the third quarter. Riverhead Capital Management LLC now owns 1,300 shares of the credit services provider’s stock worth $149,000 after purchasing an additional 800 shares during the last quarter. Flinton Capital Management LLC increased its position in World Acceptance by 24.3% during the fourth quarter. Flinton Capital Management LLC now owns 1,564 shares of the credit services provider’s stock worth $160,000 after purchasing an additional 306 shares during the last quarter. Finally, BlueMountain Capital Management LLC acquired a new stake in World Acceptance during the third quarter worth about $176,000. Hedge funds and other institutional investors own 90.87% of the company’s stock.
NASDAQ:WRLD opened at $113.34 on Tuesday. The company has a quick ratio of 18.52, a current ratio of 18.51 and a debt-to-equity ratio of 0.54. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 14.70 and a beta of 2.54. World Acceptance has a fifty-two week low of $89.78 and a fifty-two week high of $125.14.
About World Acceptance
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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