World Acceptance Corp. (NASDAQ:WRLD) hit a new 52-week high during trading on Monday . The stock traded as high as $168.29 and last traded at $166.60, with a volume of 408 shares traded. The stock had previously closed at $167.20.
A number of analysts have recently issued reports on the company. ValuEngine upgraded World Acceptance from a “hold” rating to a “buy” rating in a research report on Tuesday, July 2nd. BidaskClub cut World Acceptance from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 11th. Finally, Zacks Investment Research upgraded World Acceptance from a “strong sell” rating to a “hold” rating in a research report on Friday, May 3rd. One analyst has rated the stock with a sell rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $111.00.
The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 20.98 and a beta of 2.41. The company has a quick ratio of 15.02, a current ratio of 15.02 and a debt-to-equity ratio of 0.46. The firm’s 50-day moving average is $150.07.
World Acceptance (NASDAQ:WRLD) last released its quarterly earnings data on Thursday, May 9th. The credit services provider reported $4.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.56 by $0.66. World Acceptance had a return on equity of 13.39% and a net margin of 6.84%. The business had revenue of $157.00 million for the quarter, compared to analysts’ expectations of $146.60 million. During the same period in the previous year, the business posted $3.70 earnings per share. World Acceptance’s quarterly revenue was up 11.0% on a year-over-year basis. On average, analysts expect that World Acceptance Corp. will post 8.34 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank grew its position in World Acceptance by 105.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 386 shares of the credit services provider’s stock valued at $45,000 after acquiring an additional 198 shares during the period. Neuburgh Advisers LLC boosted its stake in World Acceptance by 24.3% in 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 in the last quarter. Bank of Montreal Can boosted its stake in World Acceptance by 13.1% in the first quarter. Bank of Montreal Can now owns 960 shares of the credit services provider’s stock worth $113,000 after purchasing an additional 111 shares in the last quarter. Flinton Capital Management LLC boosted its stake in World Acceptance by 24.3% in 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 in the last quarter. Finally, Metropolitan Life Insurance Co. NY lifted its stake in shares of World Acceptance by 285.6% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 1,897 shares of the credit services provider’s stock valued at $194,000 after acquiring an additional 1,405 shares during the period. Hedge funds and other institutional investors own 88.82% of the company’s stock.
About World Acceptance (NASDAQ:WRLD)
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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