Wall Street analysts expect that World Acceptance Corp. (NASDAQ:WRLD) will report sales of $145.75 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for World Acceptance’s earnings, with estimates ranging from $143.81 million to $147.69 million. World Acceptance posted sales of $151.86 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 4%. The business is scheduled to announce its next quarterly earnings results on Thursday, May 9th.
According to Zacks, analysts expect that World Acceptance will report full-year sales of $533.30 million for the current fiscal year, with estimates ranging from $531.36 million to $535.24 million. For the next fiscal year, analysts expect that the company will report sales of $563.32 million, with estimates ranging from $556.86 million to $569.77 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for World Acceptance.
Get World Acceptance alerts:World Acceptance (NASDAQ:WRLD) last announced its quarterly earnings data on Thursday, January 31st. The credit services provider reported $0.67 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.25 by ($0.58). World Acceptance had a net margin of 5.27% and a return on equity of 12.73%. The firm had revenue of $137.64 million during the quarter, compared to the consensus estimate of $130.16 million.
Several equities research analysts have recently weighed in on WRLD shares. Zacks Investment Research upgraded World Acceptance from a “sell” rating to a “hold” rating in a research report on Saturday, January 12th. BMO Capital Markets upped their price target on World Acceptance from $79.00 to $82.00 and gave the company an “underperform” rating in a research report on Monday, November 5th. BidaskClub upgraded World Acceptance from a “hold” rating to a “buy” rating in a research report on Wednesday, February 20th. Finally, ValuEngine upgraded World Acceptance from a “hold” rating to a “buy” rating in a research report on Sunday, February 10th. Two analysts have rated the stock with a sell rating and two have issued a buy rating to the company. World Acceptance presently has a consensus rating of “Hold” and a consensus price target of $94.00.
Several institutional investors and hedge funds have recently made changes to their positions in WRLD. Northern Trust Corp grew its holdings in shares of World Acceptance by 6.9% during the second quarter. Northern Trust Corp now owns 157,229 shares of the credit services provider’s stock worth $17,455,000 after purchasing an additional 10,211 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of World Acceptance by 22.7% during the third quarter. First Trust Advisors LP now owns 25,332 shares of the credit services provider’s stock worth $2,897,000 after purchasing an additional 4,691 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of World Acceptance by 7.3% during the third quarter. Wells Fargo & Company MN now owns 8,881 shares of the credit services provider’s stock worth $1,016,000 after purchasing an additional 608 shares in the last quarter. WINTON GROUP Ltd grew its holdings in shares of World Acceptance by 26.4% during the third quarter. WINTON GROUP Ltd now owns 2,850 shares of the credit services provider’s stock worth $326,000 after purchasing an additional 596 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of World Acceptance by 4.8% during the third quarter. Bank of New York Mellon Corp now owns 165,910 shares of the credit services provider’s stock worth $18,973,000 after purchasing an additional 7,531 shares in the last quarter. Hedge funds and other institutional investors own 86.55% of the company’s stock.
Shares of WRLD traded up $0.50 during midday trading on Tuesday, hitting $123.50. 70,422 shares of the company traded hands, compared to its average volume of 80,382. World Acceptance has a one year low of $89.78 and a one year high of $125.14. The stock has a market cap of $1.15 billion, a PE ratio of 16.02 and a beta of 2.44. The company has a quick ratio of 18.52, a current ratio of 18.51 and a debt-to-equity ratio of 0.54.
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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