According to Zacks, “World Acceptance Corporation is engaged in the small-loan consumer finance business, offering short-term small loans, medium-term larger loans, related credit insurance and ancillary products and services to individuals. “
Several other research analysts have also recently issued reports on WRLD. BMO Capital Markets reissued a hold rating and set a $41.00 target price on shares of World Acceptance Corp. in a report on Friday, July 29th. Jefferies Group reaffirmed a hold rating and issued a $37.00 price objective on shares of World Acceptance Corp. in a report on Friday, July 15th.
Shares of World Acceptance Corp. (NASDAQ:WRLD) opened at 49.04 on Wednesday. The stock has a market capitalization of $427.82 million, a PE ratio of 5.32 and a beta of 1.75. The stock’s 50 day moving average is $47.23 and its 200 day moving average is $43.69. World Acceptance Corp. has a 12 month low of $26.86 and a 12 month high of $55.43.
World Acceptance Corp. (NASDAQ:WRLD) last issued its earnings results on Thursday, July 28th. The company reported $1.89 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.22 by $0.33. World Acceptance Corp. had a return on equity of 21.02% and a net margin of 14.52%. The business had revenue of $127.10 million for the quarter, compared to analysts’ expectations of $130.91 million. During the same period last year, the business earned $2.71 EPS. The company’s revenue for the quarter was down 7.4% on a year-over-year basis. Analysts anticipate that World Acceptance Corp. will post $7.83 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pacad Investment Ltd. purchased a new position in World Acceptance Corp. during the second quarter worth $114,000. BNP Paribas Arbitrage SA raised its stake in shares of World Acceptance Corp. by 91.8% in the second quarter. BNP Paribas Arbitrage SA now owns 2,607 shares of the company’s stock valued at $119,000 after buying an additional 1,248 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of World Acceptance Corp. by 15.9% in the second quarter. Public Employees Retirement System of Ohio now owns 3,570 shares of the company’s stock valued at $163,000 after buying an additional 491 shares during the period. KBC Group NV raised its stake in shares of World Acceptance Corp. by 37.3% in the second quarter. KBC Group NV now owns 4,628 shares of the company’s stock valued at $211,000 after buying an additional 1,257 shares during the period. Finally, Royal Bank of Canada raised its stake in shares of World Acceptance Corp. by 134.1% in the first quarter. Royal Bank of Canada now owns 9,295 shares of the company’s stock valued at $352,000 after buying an additional 5,325 shares during the period. 96.09% of the stock is owned by institutional investors.
World Acceptance Corp. Company Profile
World Acceptance Corporation operates a small-loan consumer finance business in 15 states and Mexico as of March 31, 2016. The Company offers short-term small installment loans, medium-term larger installment loans, related credit insurance and ancillary products and services to individuals. The Company offers standardized installment loans generally between $300 and $4,000 through 1,339 branches in Alabama, Georgia, Idaho, Illinois, Indiana, Kentucky, Louisiana, Mississippi, Missouri, New Mexico, Oklahoma, South Carolina, Texas, Tennessee, Wisconsin and Mexico as of March 31, 2016.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for World Acceptance Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for World Acceptance Corp. and related companies with MarketBeat.com's FREE daily email newsletter.