$146.98 Million in Sales Expected for World Acceptance Corp. (WRLD) This Quarter

Wall Street analysts predict that World Acceptance Corp. (NASDAQ:WRLD) will announce $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 reported sales of $144.57 million in the same quarter last year, which indicates a positive year over year growth rate of 1.7%. The business is scheduled to issue its next quarterly earnings report on Tuesday, May 8th.

According to Zacks, analysts expect that World Acceptance will report full year sales of $146.98 million for the current financial year, with estimates ranging from $540.79 million to $546.86 million. For the next year, analysts expect that the business will report 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 a mean average based on a survey of analysts that cover World Acceptance.

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 Zacks’ 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 firm had revenue of $136.90 million for the quarter, compared to analyst estimates of $137.99 million. During the same period in the previous year, the firm posted $1.10 EPS. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year.

A number of equities research analysts have weighed in on the stock. 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 restated a “sell” rating and issued a $65.00 price target on shares of World Acceptance in a research report on Thursday, January 4th. BidaskClub upgraded shares of World Acceptance from a “sell” rating to a “hold” rating in a research report on Thursday, January 4th. BMO Capital Markets restated a “sell” rating and issued 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, ValuEngine upgraded shares of World Acceptance from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Three analysts have rated the stock with a sell rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. World Acceptance currently has an average rating of “Hold” and a consensus price target of $82.75.

Shares of World Acceptance (NASDAQ WRLD) opened at $104.63 on Friday. World Acceptance has a 1-year low of $47.45 and a 1-year high of $121.17. The company has a current ratio of 20.25, a quick ratio of 16.43 and a debt-to-equity ratio of 0.77. The firm has a market cap of $956.98, a P/E ratio of 16.32 and a beta of 2.80.

Hedge funds and other institutional investors have recently modified their holdings of the company. Municipal Employees Retirement System of Michigan lifted its position in shares of World Acceptance by 58.9% in 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 purchasing an additional 830 shares during the period. Louisiana State Employees Retirement System acquired a new position in shares of World Acceptance in the 4th quarter worth approximately $202,000. Barings LLC acquired a new position in shares of World Acceptance in the 3rd quarter worth approximately $207,000. Eqis Capital Management Inc. acquired a new position in shares of World Acceptance in the 3rd quarter worth approximately $221,000. Finally, Teachers Retirement System of The State of Kentucky lifted its position in shares of World Acceptance by 130.8% in 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 purchasing an additional 1,700 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

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About World Acceptance

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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