Analysts Expect World Acceptance Co. (WRLD) Will Post Quarterly Sales of $146.98 Million

Analysts predict that World Acceptance Co. (NASDAQ:WRLD) will post $146.98 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for World Acceptance’s earnings. The highest sales estimate is $150.01 million and the lowest is $143.94 million. World Acceptance posted sales of $144.57 million in the same quarter last year, which suggests a positive year-over-year growth rate of 1.7%. The company is scheduled to issue its next earnings results on Tuesday, May 8th.

On average, analysts expect that World Acceptance will report full-year sales of $146.98 million for the current year, with estimates ranging from $540.79 million to $546.86 million. For the next financial year, analysts expect that the company will post sales of $571.33 million per share, with estimates ranging from $563.96 million to $578.70 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover World Acceptance.

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World Acceptance (NASDAQ:WRLD) last posted its earnings results on Friday, January 26th. The credit services provider reported $1.37 earnings per share for the quarter, topping 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 business had revenue of $136.90 million for the quarter, compared to analyst estimates of $137.99 million. During the same quarter in the prior year, the firm earned $1.10 EPS. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year.

WRLD has been the topic of several analyst reports. Zacks Investment Research raised shares of World Acceptance from a “strong sell” rating to a “hold” rating in a report on Saturday, January 13th. Stephens reaffirmed a “sell” rating and issued a $65.00 target price on shares of World Acceptance in a report on Thursday, January 4th. BidaskClub raised shares of World Acceptance from a “hold” rating to a “buy” rating in a report on Wednesday, January 31st. ValuEngine upgraded shares of World Acceptance from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Finally, BMO Capital Markets reiterated 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. Three research analysts have rated the stock with a sell rating, one has issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. World Acceptance has an average rating of “Hold” and an average target price of $82.75.

Shares of WRLD traded up $1.44 during trading hours on Tuesday, hitting $106.29. The stock had a trading volume of 7,613 shares, compared to its average volume of 107,276. The company has a debt-to-equity ratio of 0.77, a quick ratio of 20.24 and a current ratio of 20.25. World Acceptance has a 52 week low of $49.39 and a 52 week high of $121.17. The firm has a market cap of $965.43, a price-to-earnings ratio of 12.72 and a beta of 2.72.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Municipal Employees Retirement System of Michigan lifted its position in World Acceptance by 58.9% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 2,240 shares of the credit services provider’s stock worth $186,000 after buying an additional 830 shares in the last quarter. Wells Fargo & Company MN lifted its position in World Acceptance by 17.7% during the 4th quarter. Wells Fargo & Company MN now owns 7,812 shares of the credit services provider’s stock worth $631,000 after buying an additional 1,174 shares in the last quarter. Rhumbline Advisers lifted its position in World Acceptance by 13.4% during the 4th quarter. Rhumbline Advisers now owns 14,271 shares of the credit services provider’s stock worth $1,152,000 after buying an additional 1,684 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in World Acceptance by 130.8% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 3,000 shares of the credit services provider’s stock worth $249,000 after buying an additional 1,700 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its position in World Acceptance by 7.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 26,623 shares of the credit services provider’s stock worth $2,206,000 after buying an additional 1,940 shares in the last quarter. Institutional investors and hedge funds own 96.78% of the company’s stock.

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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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Earnings History and Estimates for World Acceptance (NASDAQ:WRLD)

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