World Acceptance Corporation (NASDAQ:WRLD) has been given an average recommendation of “Hold” by the seven ratings firms that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $52.33.
A number of brokerages have weighed in on WRLD. BidaskClub upgraded World Acceptance Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Zacks Investment Research lowered World Acceptance Corporation from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 8th. ValuEngine upgraded World Acceptance Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Finally, BMO Capital Markets restated a “sell” rating and issued a $62.00 price objective on shares of World Acceptance Corporation in a report on Friday, June 16th.
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Shares of World Acceptance Corporation (NASDAQ:WRLD) opened at 81.12 on Wednesday. The stock has a market cap of $706.15 million, a P/E ratio of 10.18 and a beta of 2.34. The company’s 50-day moving average is $75.77 and its 200-day moving average is $67.91. World Acceptance Corporation has a 1-year low of $42.01 and a 1-year high of $88.26.
World Acceptance Corporation (NASDAQ:WRLD) last announced its quarterly earnings data on Thursday, August 3rd. The credit services provider reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.54). The firm had revenue of $128.90 million during the quarter, compared to analysts’ expectations of $125.74 million. World Acceptance Corporation had a net margin of 13.13% and a return on equity of 15.75%. During the same quarter in the previous year, the business posted $1.89 EPS. Equities analysts expect that World Acceptance Corporation will post $7.48 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC purchased a new position in shares of World Acceptance Corporation during the 2nd quarter worth $117,000. Bank of Montreal Can raised its holdings in World Acceptance Corporation by 110.3% in the 2nd quarter. Bank of Montreal Can now owns 1,836 shares of the credit services provider’s stock valued at $137,000 after buying an additional 963 shares during the period. C M Bidwell & Associates Ltd. purchased a new stake in World Acceptance Corporation in the 2nd quarter valued at about $211,000. Tudor Investment Corp ET AL purchased a new stake in World Acceptance Corporation in the 1st quarter valued at about $217,000. Finally, United Services Automobile Association purchased a new stake in World Acceptance Corporation in the 1st quarter valued at about $231,000. Institutional investors and hedge funds own 91.93% of the company’s stock.
World Acceptance Corporation 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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