World Acceptance Corporation to Post Q2 2018 Earnings of $1.56 Per Share, Jefferies Group Forecasts (NASDAQ:WRLD)

World Acceptance Corporation (NASDAQ:WRLD) – Jefferies Group cut their Q2 2018 earnings estimates for shares of World Acceptance Corporation in a research report issued on Thursday. Jefferies Group analyst J. Hecht now expects that the credit services provider will post earnings per share of $1.56 for the quarter, down from their previous forecast of $1.70. Jefferies Group currently has a “Sell” rating and a $40.00 price target on the stock. Jefferies Group also issued estimates for World Acceptance Corporation’s FY2018 earnings at $6.55 EPS, Q1 2019 earnings at $1.45 EPS, Q2 2019 earnings at $1.59 EPS, Q3 2019 earnings at $0.94 EPS and FY2019 earnings at $6.65 EPS.

World Acceptance Corporation (NASDAQ:WRLD) last released its earnings results on Thursday, August 3rd. The credit services provider reported $1.48 EPS for the quarter, missing the consensus estimate of $2.02 by $0.54. World Acceptance Corporation had a return on equity of 15.75% and a net margin of 13.13%. The company had revenue of $128.90 million during the quarter, compared to analysts’ expectations of $125.74 million. During the same period last year, the firm posted $1.89 EPS. TRADEMARK VIOLATION NOTICE: This story was originally published by Community Financial News and is owned by of Community Financial News. If you are viewing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright law. The original version of this story can be viewed at https://www.com-unik.info/2017/08/19/world-acceptance-corporation-to-post-q2-2018-earnings-of-1-56-per-share-jefferies-group-forecasts-nasdaqwrld-updated.html.

A number of other research analysts have also issued reports on WRLD. BidaskClub upgraded World Acceptance Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research lowered World Acceptance Corporation from a “hold” rating to a “strong sell” rating in a research report on Tuesday. ValuEngine upgraded World Acceptance Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. TheStreet upgraded World Acceptance Corporation from a “c” rating to a “b-” rating in a research report on Tuesday, May 9th. Finally, BMO Capital Markets restated a “sell” rating and issued a $40.00 price objective on shares of World Acceptance Corporation in a report on Tuesday, April 11th. Four research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a strong buy rating to the company’s stock. World Acceptance Corporation currently has an average rating of “Hold” and a consensus price target of $61.50.

World Acceptance Corporation (NASDAQ WRLD) traded down 1.04% during trading on Monday, hitting $79.58. 138,636 shares of the stock traded hands. The stock has a market cap of $690.04 million, a P/E ratio of 9.50 and a beta of 2.34. The stock has a 50 day moving average price of $75.86 and a 200-day moving average price of $63.67. World Acceptance Corporation has a 52-week low of $42.01 and a 52-week high of $88.26.

In other World Acceptance Corporation news, SVP Jackie C. Willyard sold 1,380 shares of the firm’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $82.83, for a total value of $114,305.40. Following the transaction, the senior vice president now owns 4,360 shares in the company, valued at approximately $361,138.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Daniel Clinton Dyer sold 1,800 shares of the firm’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $81.00, for a total value of $145,800.00. Following the completion of the transaction, the executive vice president now owns 21,924 shares in the company, valued at approximately $1,775,844. The disclosure for this sale can be found here. Insiders sold a total of 3,570 shares of company stock worth $291,337 in the last 90 days. 27.30% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Texas Permanent School Fund raised its position in World Acceptance Corporation by 0.8% in the second quarter. Texas Permanent School Fund now owns 4,364 shares of the credit services provider’s stock valued at $327,000 after buying an additional 36 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in World Acceptance Corporation by 1.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 5,987 shares of the credit services provider’s stock valued at $310,000 after buying an additional 73 shares in the last quarter. Spark Investment Management LLC raised its position in World Acceptance Corporation by 0.3% in the second quarter. Spark Investment Management LLC now owns 34,000 shares of the credit services provider’s stock valued at $2,546,000 after buying an additional 100 shares in the last quarter. Aperio Group LLC raised its position in World Acceptance Corporation by 3.1% in the second quarter. Aperio Group LLC now owns 7,709 shares of the credit services provider’s stock valued at $577,000 after buying an additional 233 shares in the last quarter. Finally, Comerica Bank raised its position in World Acceptance Corporation by 3.8% in the first quarter. Comerica Bank now owns 6,603 shares of the credit services provider’s stock valued at $355,000 after buying an additional 241 shares in the last quarter. Institutional investors own 97.44% of the company’s stock.

About World Acceptance Corporation

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.

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

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