World Acceptance Corp. (WRLD) Posts Earnings Results, Beats Expectations By $0.85 EPS

World Acceptance Corp. (NASDAQ:WRLD) released its earnings results on Tuesday. The credit services provider reported $3.64 EPS for the quarter, beating analysts’ consensus estimates of $2.79 by $0.85. World Acceptance Corp. had a return on equity of 17.20% and a net margin of 13.29%. The company had revenue of $144.60 million during the quarter, compared to the consensus estimate of $131.88 million. During the same quarter last year, the company earned $3.42 earnings per share. World Acceptance Corp.’s quarterly revenue was up .3% compared to the same quarter last year.

World Acceptance Corp. (NASDAQ:WRLD) traded up 0.84% during trading on Friday, hitting $80.70. The stock had a trading volume of 52,322 shares. The company has a market cap of $706.37 million, a P/E ratio of 9.63 and a beta of 1.86. The company has a 50 day moving average of $59.38 and a 200-day moving average of $56.80. World Acceptance Corp. has a 12-month low of $37.80 and a 12-month high of $88.26.

Earnings History for World Acceptance Corp. (NASDAQ:WRLD)

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In other World Acceptance Corp. news, SVP Tara Elizabeth Bullock sold 390 shares of World Acceptance Corp. stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $80.08, for a total transaction of $31,231.20. Following the transaction, the senior vice president now directly owns 7,932 shares in the company, valued at $635,194.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 28.20% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. Allianz Asset Management AG increased its position in shares of World Acceptance Corp. by 91.0% in the fourth quarter. Allianz Asset Management AG now owns 56,124 shares of the credit services provider’s stock worth $3,608,000 after buying an additional 26,747 shares during the period. O Shaughnessy Asset Management LLC increased its position in shares of World Acceptance Corp. by 143.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 5,340 shares of the credit services provider’s stock worth $343,000 after buying an additional 3,148 shares during the period. Oxford Asset Management increased its position in shares of World Acceptance Corp. by 1.8% in the fourth quarter. Oxford Asset Management now owns 60,095 shares of the credit services provider’s stock worth $3,863,000 after buying an additional 1,035 shares during the period. Comerica Bank increased its position in shares of World Acceptance Corp. by 5.5% in the fourth quarter. Comerica Bank now owns 6,362 shares of the credit services provider’s stock worth $378,000 after buying an additional 332 shares during the period. Finally, Russell Investments Group Ltd. acquired a new position in shares of World Acceptance Corp. during the fourth quarter worth $473,000. 96.09% of the stock is currently owned by institutional investors and hedge funds.

WRLD has been the subject of a number of recent analyst reports. BMO Capital Markets reissued a “sell” rating and issued a $40.00 target price on shares of World Acceptance Corp. in a report on Tuesday, April 11th. Zacks Investment Research upgraded World Acceptance Corp. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 29th. Jefferies Group LLC reiterated a “sell” rating and set a $40.00 price objective on shares of World Acceptance Corp. in a research report on Monday, May 8th. Finally, TheStreet upgraded World Acceptance Corp. from a “c” rating to a “b-” rating in a research report on Tuesday, May 9th. Three equities research analysts have rated the stock with a sell rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $56.00.

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.

5 Day Chart for NASDAQ:WRLD

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