World Acceptance Corp. (NASDAQ:WRLD) has been given a consensus rating of “Hold” by the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $82.75.
A number of analysts recently weighed in on WRLD shares. BidaskClub raised shares of World Acceptance from a “hold” rating to a “buy” rating in a research report on Wednesday, January 31st. ValuEngine raised shares of World Acceptance from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Zacks Investment Research raised shares of World Acceptance from a “hold” rating to a “buy” rating and set a $126.00 price target for the company in a research report on Saturday, February 3rd. BMO Capital Markets reaffirmed a “sell” rating and set a $80.00 price target on shares of World Acceptance in a research report on Monday, January 29th. They noted that the move was a valuation call. Finally, Stephens reaffirmed a “sell” rating and set a $65.00 price target on shares of World Acceptance in a research report on Thursday, January 4th.
A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in World Acceptance by 2.8% during the 4th quarter. BlackRock Inc. now owns 791,193 shares of the credit services provider’s stock worth $63,864,000 after purchasing an additional 21,186 shares during the period. CAS Investment Partners LLC acquired a new position in World Acceptance in the 4th quarter worth $48,657,000. Dimensional Fund Advisors LP lifted its holdings in World Acceptance by 4.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 546,691 shares of the credit services provider’s stock worth $45,315,000 after buying an additional 25,060 shares in the last quarter. State Street Corp lifted its holdings in World Acceptance by 1.9% in the 2nd quarter. State Street Corp now owns 159,875 shares of the credit services provider’s stock worth $11,968,000 after buying an additional 2,979 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in World Acceptance by 335.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 77,584 shares of the credit services provider’s stock worth $6,434,000 after buying an additional 59,755 shares in the last quarter. 96.78% of the stock is owned by hedge funds and other institutional investors.
World Acceptance (NASDAQ:WRLD) last announced its quarterly earnings data on Friday, January 26th. The credit services provider reported $1.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.42. World Acceptance had a net margin of 10.42% and a return on equity of 13.95%. The company had revenue of $136.90 million during the quarter, compared to analysts’ expectations of $137.99 million. During the same period in the previous year, the company earned $1.10 EPS. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. sell-side analysts forecast that World Acceptance will post 7.61 earnings per share for the current fiscal year.
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World Acceptance 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.
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