World Acceptance (WRLD) Upgraded to Hold by Zacks Investment Research

World Acceptance (NASDAQ:WRLD) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report released on Saturday.

According to Zacks, “World Acceptance Corporation is engaged in the small-loan consumer finance business, offering short-term small loans, medium-term larger loans, related credit insurance and ancillary products and services to individuals. “

WRLD has been the topic of a number of other research reports. Stephens reissued a “sell” rating and issued a $65.00 price target on shares of World Acceptance in a research note on Thursday, January 4th. BidaskClub raised World Acceptance from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th. Finally, Jefferies Group reissued a “sell” rating and issued a $60.00 price target on shares of World Acceptance in a research note on Thursday, October 12th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $62.33.

World Acceptance (NASDAQ:WRLD) traded down $0.47 during trading hours on Friday, reaching $83.99. The company had a trading volume of 35,191 shares, compared to its average volume of 64,498. The firm has a market capitalization of $748.03, a price-to-earnings ratio of 11.47 and a beta of 2.40. World Acceptance has a 1 year low of $42.01 and a 1 year high of $88.54. The company has a current ratio of 16.43, a quick ratio of 16.43 and a debt-to-equity ratio of 0.65.

World Acceptance (NASDAQ:WRLD) last released its earnings results on Wednesday, November 1st. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.83). The firm had revenue of $131.00 million for the quarter, compared to analyst estimates of $130.20 million. World Acceptance had a return on equity of 13.90% and a net margin of 12.02%. World Acceptance’s revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.18 earnings per share. equities analysts anticipate that World Acceptance will post 7.07 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of WRLD. PNC Financial Services Group Inc. grew its stake in World Acceptance by 0.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,530 shares of the credit services provider’s stock valued at $340,000 after acquiring an additional 31 shares in the last quarter. Wells Fargo & Company MN grew its stake in World Acceptance by 1.7% during the 2nd quarter. Wells Fargo & Company MN now owns 4,773 shares of the credit services provider’s stock valued at $358,000 after acquiring an additional 82 shares in the last quarter. Northern Trust Corp grew its stake in World Acceptance by 0.3% during the 2nd quarter. Northern Trust Corp now owns 146,413 shares of the credit services provider’s stock valued at $10,968,000 after acquiring an additional 498 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in World Acceptance by 14.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,422 shares of the credit services provider’s stock valued at $406,000 after acquiring an additional 665 shares in the last quarter. Finally, Federated Investors Inc. PA grew its stake in World Acceptance by 5.1% during the 2nd quarter. Federated Investors Inc. PA now owns 14,451 shares of the credit services provider’s stock valued at $1,083,000 after acquiring an additional 704 shares in the last quarter. 91.88% of the stock is currently owned by hedge funds and other institutional investors.

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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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